SDX Energy has confirmed that it has agreed with the buyer the terms of an execution version of the sale and purchase agreement (SPA) for its West Gharib assets. The closing of the transaction remains subject to the completion of certain approvals, including Egyptian government approvals, which are not expected to be withheld, with the […]

According to TotalEnergies information base, the projects for the development of the oil and gas resources of the Lake Albert region and the cross-border pipeline are situated in a sensitive social and environmental context that requires special measures for the environment and the rights of the local communities. So completion of the Tilenga and EACOP […]

Sequel to the agreement, which has an effective date of 1 January 2023, PetroNor E&P ASA has confirmed the completion of the Guinea Bissau farm-down transaction which was announced on 27th June 2023. Over the Christmas holiday period, Apus Energy DMCC (APUS) initiated the payment of $23 million towards past licence costs and long lead […]

Sequel previous update as reported in the November 15,TAG Oil has further released a drilling progress of the BED4-T100 horizontal well in the Badr Oil Field (BED-1) in the Western Desert of Egypt. Drilling has continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the Abu-Roash […]

United Oil& Gas has declared a progressive and  positive operational drilling activities on the ASD S-1X exploration well on the ASD south prospect in the Abu Sennan licence, onshore Egypt. This is sequel to its previous communication as dated on 18 December 2023, The ASD S-1X exploration well commenced drilling on 11 November and reached […]

The Ugandan government has extended Oranto’s oil block license for two additional years, covering the Ngassa Deep and Ngassa Shallow exploration areas in Hoima and Kikuube districts and Centurion Law Group has successfully advised Oranto Petroleum as regards to the renewal of its oil exploration license in Uganda.  This extension, effective from December 2023, allows […]

Aiteo has of recent launched an intensive development program. This includes aeromagnetic and gravitational geological studies, thorough field inspections, and the reinterpretation and processing of existing data. Accordig to Aiteo CEO Benedict Peters the company’s resilent and unrelented effort in strategic repositioning the company to a major player in global natural gas production is what […]

Petrobras a Brazilian national oil company has disclosed the recent board  approval on the acquisition of investment interest in three oil exploration blocks operated by Shell in Sao Tome and Principe which were formerly owned by Kosmo Energy. The renewed investment interest in the oil-rich nation offshore West African coast is seen as part of […]

Corcel has provided an update on the drilling results of the Tobias-14 (“TO-14”) well in the onshore Block KON-11, in Angola where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest national hydrocarbon producers in Angola. Tobias-14 Initial Results The TO-14 well penetrated the entire Binga reservoir section […]

A Nigerian-based firm Riverside LNG has recently disclosed that the company is in advance talk to supply gas to South Africa based firm Johannes Schuetze Energy Import AG of Germany. The gas pact deal is believed to be a first of its kind between the two countries. The company is also exploring opportunities in Liberia […]