The $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The […]

The NNPC Ltd has in its recent press release estimated the various prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. In furtherance to the above, NNPC Ltd also stated that this is in line with the provisions of the Petroleum Industry […]

Corcel Plc the pan Angola-Brazil focused exploration and production company has announced that the its contractor, Metatek Group, has completed the acquisition of data phase of the Enhanced Full Tensor Gradiometry Survey (“eFTG”) on Block KON-16 as originally announced on 7 June 2024. KON-16 is 35% owned and operated by Corcel, through its subsidiary Atlas Petroleum […]

NNPC Ltd. trucks are currently arriving at the Dangote Refinery in preparation for the scheduled petrol loading which is expected to commence on Sunday, September 15, 2024. This has corroborated the insinuation that the product will soon flood the domestic filling stations. According to information made available on its X social media handle, at least […]

Africa Energy Corp. a Canadian oil and gas exploration company focused on South Africa has announced that the joint venture partners in respect of Block 11B/12B, Offshore the Republic of South Africa, have obtained an extension to the deadline for the submission of the Environmental Impact Assessment Report (EIAR) to May 19, 2025.  In light of the withdrawal of the […]

The Ministry of Petroleum and Mineral Resources announced that the Egyptian Natural Gas Holding Company (EGAS) has launched a new international 2024 bid round for the exploration and exploitation of natural gas and crude oil in 12 blocks in the Mediterranean and the Nile Delta. This includes 10 offshore blocks and two onshore blocks, through […]

A Nigeria based drilling contractor Shelf, has announced the award of two new jack-up rigs contracts in West Africa. According to Shelf Drilling, the contracts are secured for the Shelf Drilling Mentor covering 10 wells and an estimated duration of 450 days in direct continuation of the rig’s current campaign in Nigeria with a contract […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021. Speaking on TVC News’ “Journalists’ Hangout” show […]

The Egyptian Government of Prime Minister Mostafa Madbouly has recently uploaded country’s major investment drive to hydrocarbon exploration by approval of temporal five petroleum exploration and production commitment agreements during. The Egyptian President took this bold investment on Tuesday being his inaugural meeting since his assumption to office. These agreements, expected to generate roughly $200m […]

In a bold bid to unveil Namibia’s onshore resource treasures, 88 Energy has launched a major new 2D seismic acquisition program for its petroleum exploration licence 93 (“PEL 93”) within the Owambo Basin’s uncharted Damara system. The ambitious initiative that covers 18,500 square kilometres of largely-unexplored territory – some 2.2 per cent of the entire […]