Savannah Energy advises that its ordinary shares remain suspended from trading on AIM pending publication of an AIM Admission Document setting out, inter alia, details of a proposed alternative transaction in respect of the ex-PETRONAS assets in South Sudan, should it be concluded, or confirmation is provided that a proposed alternative transaction is not proceeding. […]

…………Vessel heads for Nigeria as firm launches $315m offshore asset. In a major gain for President Bola Ahmed Tinubu’s oil sector reforms, Nigeria’s Oriental Energy Resources Limited has unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost Nigeria’s oil production capacity. The FPSO vessel, with a storage capacity of one million […]

…Applaud Bold Transformation Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC) have praised the current management team of NNPCL, led by Mr. Mele Kyari, for the impressive rehabilitation of the Port Harcourt Refinery. After an on-site inspection of the facility, they described the transformation as “magic.” The former GMDs were […]

The Independent Petroleum Producers Group (IPPG) has celebrated the historic appointment of Ademola Adeyemi-Bero, one of its founding members, pioneer Chairman, and Trustee, as Chairperson of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025. His confirmation as Nigeria’s OPEC Governor marks a significant milestone for Nigeria and Africa’s energy sector. At […]

The Nigerian Content Development and Monitoring Board (NCDMB) has awarded the engineering, procurement, and construction contract to Julius Berger PLC for the development of Oloibiri Museum and Research Centre (OMRC), to be located at Otuabagi, Ogbia Local Government Area of Bayelsa State. The contract was signed on Thursday 12th December 2024. The Executive Secretary NCDMB, […]

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% […]

…..Reports production increase from 48 kboepd to 120 kboepd   Maurel & Prom (M&P) has disclosed that Seplat Energy, a leading Nigerian energy company of which M&P is the largest shareholder with a 20.46% holding, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. MPNU, which includes the entire offshore shallow […]

Sintana Energy has provided update regarding the second campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia of Portugal. Sintana maintains an indirect 49% interest in Custos Energy (Pty) Ltd, […]

Striving to boost natural gas production while maintaining crude output above one million barrels per day (bpd) beyond 2027, Angola has a strong project pipeline planned for 2025. Beyond oil and gas developments, the country seeks to diversify its energy matrix through investments in green hydrogen and renewable energy. From FID to the start of […]

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 November and 6 December respectively. “With […]