Invictus Energy announced that the independent review of the Petroleum Production Sharing Agreement (PPSA) has been submitted by external European legal counsel. This review, facilitated through the Africa Legal Service Facility, marks a significant milestone in the development of the Company’s exploration and production activities.  Geo Associates (Pvt) Ltd (Geo Associates), the Company’s 80% owned subsidiary […]

The NNPC Ltd.’s new Executive Vice President, Upstream (EVP), Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency, and efficiency. Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream Sector” held in Lagos, on […]

Buoyed by the ranking as Nigeria’s top performing organisation in efficiency and transparency from 2022 to date, the Nigerian Content Development and Monitoring Board (NCDMB) has unveiled plans to mark the 2024 World Anti-corruption Day on Thursday, 5th December at the Nigerian Content Tower, Bayelsa State. The theme of this year’s celebration is “Effective Whistleblowers […]

Arab African International Bank (AAIB) today issued a $500 million sustainability bond, with investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII), to advance Egypt’s green transition and micro, small, and medium-sized enterprises (MSMEs). The sustainability bond is the first in Egypt – and the largest issued by a private bank […]

Africa Energy announces that the Company, through its investment in Main Street 1549 Pty Ltd, has formally become the operator of Block 11B/12B offshore South Africa. Main Street is currently in the process of obtaining all the important information from the previous operator, including drilling, reservoir, and development engineering data. Main Street is in the process of […]

Eni announced the publication of its first local sustainability report for Côte d’Ivoire, outlining the company’s achievements and future goals for the benefit of local stakeholders. The launch ceremony was attended by representatives from institutions, non-governmental organizations, suppliers, and partners involved in Eni’s projects in the country.     “Since the discovery of the Baleine field in […]

Reconnaissance Energy Africa Ltd. announced that it has reached a total depth (TD) of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 (“PEL 73”), onshore Namibia. The Naingopo exploration well was drilled to a total depth of 4,184 metres (13,727 feet). The Company will now undertake a comprehensive logging […]

A long list of oil industry leaders, ministers of the federal republic, national assembly members, and oil and gas stakeholders are confirmed to attend the 2024 edition of the Practical Nigerian Content Conference and Exhibition, which is slated for the first week of December at the magnificent Nigerian Content Tower, Yenagoa, Bayelsa State. The event […]

First Exploration & Production Company (First E&P), an integrated upstream company and the operator of the Abigail Joseph FPSO facility, operated under the NNPCL-First E&P Joint Venture on OML 83/85 offshore Bayelsa, has disclosed that it is targeting a daily production of 100,000 barrels. The FPSO, which is currently producing at a commendable rate of […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has pledged to work closely with stakeholders in the sports sector to develop and commercialize the game of football in Nigeria. The Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Mele Kyari, made the commitment while receiving a delegation from the National Sports Commission, the International […]