Owing to the current political situation in Sudan, Wild Petroleum said it is unable at the present time to sign a Production Sharing Agreement (PSA) with the Sudanese government (OEPA). The Company therefore intends to sign a service agreement with the Sudanese government within the next few weeks with a view to increasing oil production […]

SDX has announced that it has entered into a non-binding HoT with DMA, its largest offtaker, to prepay for SDX’s gas deliveries in Morocco. The initial terms of the agreement envisage draw down of c. $2 million by the end of September 2023. These funds are planned to be used towards the drilling costs of the KSR-21 well. A […]

Sequel to BW Energy previous update that the MaBoMo production facility has received first hydrocarbons from the Hibiscus field in early April which was followed by the declaration of the well performance being in line with company’s expectation and the Dussafu combined production temporarily reaching up to 30,000 barrels of oil per day after the […]

Sequel to Nigerian Agip Oil Company Limited NAOC onshore and power assets acquisition deal recently signed between Eni and Oando, the Nigerian National Petroleum Corporation Limited NNPCL has in its response placed a caveat to the milestone deal claiming that NAOC did not obtain its consent prior to announcing a deal to sell its onshore […]

Nigeria LNG Ltd, which operates the Bonny Natural Gas Liquefaction Plant in the Eastern Niger Delta has sold 830 Billion Cubic Feet of Liquefied Natural Gas as at the end of 2022; the lastest Eni report stated. The Six-Train plant which has a production capacity of 22 million tonnes of LNG per year, associated with approximately […]

SDX Energy plc said that it has commenced drilling the Ksiri-21 (“KSR-21”) well in Sebou Central of the Gharb Basin, Morocco. The vertical development well will be drilled to a planned total depth of approximately 1,950 metres. Using existing 3D seismic, the well is targeting a well-defined prospect within the main Hoot formation, which is the main producing sand in the area. SDX has drilled over 20 production wells in the same […]

Oceaneering International has disclosed that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with combined total value in excess of $100 million. Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project. The scope of work includes air and saturation diving services, […]

Eni  has signed an agreement with Oando PLC – Nigeria’s leading indigenous energy solutions provider listed on both the Nigerian and Johannesburg Stock Exchange – for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), the wholly Eni-owned subsidiary focusing on onshore oil & gas exploration and production in Nigeria, as well as power […]

Quota-related decisions made at OPEC’s 35th meeting last June in Vienna delivered a call to action for African member states to step up production through the remainder of the year and into 2024. Many of OPEC’s African member states had been struggling to produce enough crude to meet the targets set for them last year. […]

Nigeria crude oil production seemed to be stabled at 1.67 million barrels per day as shown by reliable data source and revealed by the Group Executive Officer of the Nigerian National Petroleum Corporation Limited NNPCL Mallam Mele Kyari. Mallam Kyari made this revelation during a special Finance Ministry briefing led by the Honourable Minister of […]