Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has successfully drilled the Mopane-2X well to its designed depth, in block PEL83. Drilling encountered a significant column with light oil in reservoirs of high quality. The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged. […]

Invictus Energy has provided an update on its 80% owned and operated Cabora Bassa project in Zimbabwe. Managing Director, Mr Scott Macmillan, commented:“We’d like to thank our shareholders that participated in the rights issue which has now been concluded and provided the Company with additional capital to advance our appraisal activity.  “The Invictus Board has […]

The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu GCFR, aimed at revitalizing investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy sector. In a statement signed on behalf of the IPPG by its Chairman, Abdulrazaq […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbeon has applauded President Bola Ahmed Tinubu, GCFR, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costsand timelines, and promoting cost efficiency in local content […]

Production at OML18 has improved since last year’s difficulties with the Nembe Creek Trunk Line (NCTL) and production recently has been in the region of 10,000 barrels of oil per day (bopd) alongside gas production.  Should the Refinancing complete and the Company makes its planned investments in ELI, the Alternative Crude Oil Evacuation System’s (ACOES) […]

BW Energy has disclosed safely  resumption  of oil production from the DHBSM-1H well in the Hibiscus South field on the Dussafu Licence offshore Gabon five months after the initial discovery was made in November 2023. Production performance from the well has been in line with expectations and is currently stabilised at approximately 5,000-6,000 barrels of […]

The prospects for offshore oil and gas exploration have resulted in Namibia becoming a hotspot for hydrocarbon investment in recent years. Meanwhile, the country’s ambition to become a global hub for green hydrogen development – on the back of abundant, co-located solar and wind resources – is poised to support value-added industrialization, economic transformation and […]

The Nigerian Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has recently hosted top officials of Shanghai Huayi Energy Chemical Company Group of China (HUAYI) and China Road and Bridge Corporation in his office. The visit of Chinese to the nation’s Petroleum Minister of Gas as was disclosed in his X handle, was […]

President Bola Tinubu has on Wednesday 6, 2024 signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements Bloomberg has reported. Nigeria is already Africa’s largest oil producer and a member of the Organization […]

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and linkages, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB). The workshop provides a forum for discussions […]