Orrön Energy AB has disclosed that the Prosecutor’s claim for forfeiture of economic benefits has been increased and now amounts to SEK 2,381,300,000. The Company, which strongly disputes both the methodology used by the Prosecutor and the amount of the claimed forfeiture, does not see any circumstances in which the claim for forfeiture could become payable as there is no legal basis for this claim and no grounds […]

The National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy, in partnership with Equinor, today signed a Production Sharing Agreement (PSA) for Block 31/21. The agreement, which results from the 2021/2022 Limited Offshore Licensing Round, is a significant stride towards advancing exploration in the Lower Congo Basin.  The block, which will be operated […]

Invictus Energy said that the company has Completed mudgas analysis program reaffirming presence of light oil, wet gas and condensate and helium in Mukuyu-1 at its 80% owned and operated Cabora Bassa Project in Zimbabwe.  Sidewall core analysis also indicates light oil and gas condensate presence, consistent with mudgas results, while Organic shales in Upper […]

Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed Ruvuma transaction from 31 August 2023 to 30 September 2023. The reason for the extension of the amendments is owing to the significant progress made so far and also to allow additional time to complete the transaction. As […]

Namibia a South African country with a population of about 2.6 million people is abundant hydrocarbon reserves with an estimated value of about 11 billion barrels of oil as recently discovered offshore fields, with TotalEnergies’ Venus-1X find making up almost half of the total, state-owned oil firm NAMCOR said in a presentation of preliminary data […]

Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed Ruvuma transaction from 31 August 2023 to 30 September 2023. The reason for the extension of the amendments is owing to the significant progress made so far and also to allow additional time to complete the transaction. As […]

The crude oil production from Cote d’ivoire has increased owing to kick off of production from Eni Baleine Field.  Eni has disclosed its operations in field located in the waters offshore Côte d’Ivoire has started production of oil and gas. According to the via its recent media release stated that this milestone is being achieved less […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made on 25 August 2023 by Decklar Resources Inc. in Canada, regarding crude oil delivery operations at the Oza Oil Field in Nigeria.  San Leon has a 11% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of […]

Angola, Namibia to replicate funding model The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the  Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with BoI to attract oil and gas equipment manufacturers to […]

Nigeria, traditionally Africa’s largest oil producer, has seen its oil and gas (O&G) production struggle to maintain its potential output for much of the last decade. For a country that boasts abundant O&G reserves of 37,100 mmbbls and 206 tcf, production remains well below the average of 3 mmboepd seen from 2010-2015. This is partly […]