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 […]

The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not an obstacle. The Group Chief Executive […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The company’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, made the call on Wednesday at a […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation’s aspirations to attract investments and grow production.  The two organizations came to this accord when the Secretary General of OPEC, Haitham Al-Ghais, paid a courtesy visit to the […]