The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European […]

The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firmsto grow sustainably. The companies were equally encouraged to comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) […]

Afentra has received approval from the Government of Angola for the acquisition from Sonangol Pesquisa e Producao S.A. (‘Sonangol’) of a 14% non-operating interest in Block 3/05 and a 40% non-operating interest in Block 23, offshore Angola (the ‘Sonangol Acquisition’) pursuant to a sale and purchase agreement between Sonangol and Afentra’s wholly-owned subsidiary, Afentra (Angola) […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude in the international market leading to a dip in demand from the once-dependable Asian market at the onset of hostilities in the Eastern bloc. Maryamu Idris, Executive Director, Crude & Condensate, NNPC […]

United Oil & Gas, the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets, issues the following update in relation to their Jamaican and Egyptian assets.   The Group’s working interest production averaged 1024 boepd (946 bopd oil and 78 boepd gas) for the year to 5 November 2023, […]

SONATRACH said the company has resumed operations in Libya. This was announced by the company when the Chairman and CEO of the SONATRACH Group, Mr. Rachid HACHICHI, led a high-level delegation made up of senior executives of the SONATRACH Group for a courtesy visit to the National Oil Company (Libya), in Tripoli. This visit is […]

The government of Zanzibar has disclosed their intention to launch a new international bidding round to promote oil and gas opportunities. The first licensing round is expected to take place in Q4 2023, and SLB is collaborating with Zanzibar Ministry and Zanzibar Petroleum (UPSTREAM) Regulatory Authority (ZPRA) to uncover the basin’s potential. SLB has completed […]

The ongoing construction of the $5bn Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on Friday as the Management of the Nigeria LNG Limited led by the Managing Director, Dr. […]

Kosmos Energy has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. Yakaar-Teranga is one of the world’s largest gas discoveries in recent years and holds around 25 trillion cubic feet […]

BW Energy today announced that the DHBSM-1 appraisal well has encountered commercial volumes of oil in the Hibiscus South satellite prospect. The Company plans to return to the well to complete it as a production well in early 2024. The DHBSM-1 well was drilled from the MaBoMo production platform to a total depth of 6,002 […]