ExxonMobil expects a final investment decision for its Rovuma liquefied natural gas (LNG) project in Mozambique in 2026, the company has stated recently, pushing back the financial go-ahead by roughly a quarter. Reuters reported. The company had said in May that it expected the final investment decision for the project to be at the end […]

Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil Company (NAOC) earlier this year. The announcement, along with the company’s future expansion plans and role in Nigeria’s energy transition, was shared during an exclusive Fireside Chat at the […]

Afentra, the upstream oil and gas company focused on acquiring production and development assets in Africa provides an operational and financial update for the period 1 January to 31 October 2024. Operational Highlights Production and Field OperationRedevelopment works at Block 3/05 facilities, along with well interventions, continue to result in improved production and water injection performance. Gross average production to […]

As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects. The Executive Secretary, NCDMB, Engr. […]

A multi-million dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at Lekki Free Zone, Lagos State by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and the Governor of Lagos State, Mr. Babajide Sanwo-Olu. Speaking at the event, the Executive […]

Reconnaissance Energy Africa Ltd. announced the dual-listing on the Namibian Stock Exchange the renewal of Petroleum Exploration Licence 001 (PEL 001) onshore Botswana, and an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 (PEL 73), onshore Namibia. “We are excited to be the first publicly traded oil and gas company […]

Africa Oil Corp. has announced that its investee company Impact Oil & Gas Limited has completed the farm down of its interests in Blocks 2912 and 2913B offshore Namibia to TotalEnergies EP Namibia B.V. Impact has also received a cash payment of approximately USD 99 million, as reimbursement for its share of costs incurred on the […]

TGS, a leading global provider of energy data and intelligence, announced the enhancement of its Fusion 3D seismic dataset offshore Sierra Leone, focusing on the Vega prospect. This reprocessing project leverages advanced seismic imaging workflows to enhance depth data, offering clearer subsurface insights for oil and gas companies exploring the area. Recent discoveries in South […]

Panoro Energy has announced that the C-45 infill well has successfully been put onstream by the Block G operator, Trident Energy, at an initial gross rate over 5,000 bopd on a restricted choke, in line with expectations. The well is the first of two planned infill wells at the producing Ceiba Field and Okume Complex […]

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed Petroleum Mining Lease 52 (PML 52), containing the Agbami field, for a period of 20 years effective from November 24, 2024. The disclosure was made by Africa Oil as following its recent press release. The Nigerian Upstream Petroleum Regulatory Commission has also given clearance for the amalgamation […]