Eco (Atlantic) Oil & Gas the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, is pleased to announce it has signed a Farm out Agreement (FOA) pursuant to which Azinam Limited its wholly owned subsidiary, will farm out a 13.75% Participating Interest in Block 3B/4B,offshore the Republic of South Africa as part of an aggregate […]

Shelf Drilling has announced that it has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. The total estimated value for the contract extension is approximately USD 51 million. One year of the […]

Nigeria LNG Limited (NLNG), has called for increased consumer awareness, especially in rural areas, on the use of Liquefied Petroleum Gas (LPG) to drive up utilisation and reduce associated risks from using biomass for cooking. Speaking at the 7th Nigeria International Energy Summit (NIES) 2024, Mrs. Fatima Adanan, NLNG’s General Manager, Finance, underscored the need […]

The OPEC Secretariat has noted the announcements  made by several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets. These voluntary cuts are calculated from the 2024 required production level as per the 35th OPEC Ministerial Meeting held on June 4, 2023, and are in […]

 Nigeria LNG Limited (NLNG) has called on players in the Nigerian energy industry to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency, reduce emissions, increase revenue and remain competitive as it deals with rapid global changes and energy transition.  During a panel discussion themed “Digital Transformation and Sustainable Energy Solutions […]

On 1st March 2024, the French daily newspaper Le Monde published an article on the Mozambique LNG project. The questions posed by the journalists were answered in detail. However, given the limited use of our responses in the article and in the interest of transparency, the Company has decided to publish its exhaustive answers. On February 7th in London, during the […]

VAALCO Energy has announced that it has entered into a sales and purchase agreement (SPA) to acquire Svenska Petroleum Exploration AB, a privately-held exploration and production company based in Stockholm, Sweden. Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa. […]

Aminex, the oil and gas exploration and Development Company focused on Tanzania, has announced that the interpretation of the recently acquired 338 km² 3D seismic dataset over the Ruvuma PSA has improved the in-place volumetrics for the Ntorya gas discovery and revealed a significantly higher resource potential in the wider licence area than previously identified […]

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday 29th February 2024 in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives […]

Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, has announced the commenced a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin. As a result of its challenging shallow waters (4m) and strong currents, no drilling has taken place in this field since […]