Azule Energy has awarded Aker Solutions a fresh major contract to provide subsea umbilicals for the Ndungu project in Angola. The contract which includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length according to Aker Solutions is quite a sizeable contract and will cost between NOK 0.5 billion and NOK 1.5 […]

Tullow has disclosed that through the concerted efforts of its joint venture partners, the company has agreed on an amendment to the Interim Gas Sales Agreement in Ghana. This is according to recent announcement made by Tullow on behalf of the partners The amended agreement is valued at $2.90/mmbtu, utilising the price for Jubilee gas […]

Eni has formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in 2014, was revoked following the completion by […]

The prevailing uproar generated by the recent fuel subsidy removal by the Nigeria current administration of President Ahmed Bola Tinubu is gradually attracting possible and sustainable ways of cushioning the draconian effect of fuel hike in the country.  One of the possible avenues of cushioning this harsh effect of fuel hike on the citizenry is […]

TGS-Petrodata said it has secured a Petroleum Exploration License (PEL) with support from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the commencement of the Awele South 3D multi-client survey offshore Nigeria. This project was previously announced at the TGS Capital Markets Day on 7 March 2023. “TGS-Petrodata has an extensive multi-client data library in […]

In addition to the recent Bonga contract extension in Nigeria, Valaris said that the company has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this contract. The Company also announced that it is increasing its 2023 share repurchase target from $150 million to $200 million. The […]

The crucial highlights and meaningful contributions of the global energy stakeholders at the just concluded NOG Energy Week 2023 recently held in Abuja, Nigeria should not be deliberated without placing special emphasis on the seasoned and all encompassing address made by the Organization Petroleum Exporting Countries (OPEC) Secretary General H.E Haitham Al Ghais. Highlighting his […]

Repair work on Nigeria’s suspended Forcados crude oil terminal is expected to be complete by early next week, a shipping source told Reuters. Shell (SHEL.L) suspended loadings of the medium sweet grade over two weeks ago, citing a potential leak at the export terminal. Sources had told Reuters that exports of the grade – which […]

Chariot Limited has sealed a new exploration licence Petroleum Agreement on Loukos oilfield  located onshore Morocco. Chariot has 75% interest in, and operatorship of the Loukos licence signed by a wholly owned subsidiary of Chariot Limited in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which will hold a 25% interest. Loukos […]

The crucial highlights and meaningful contributions of the global energy stakeholders at the just concluded NOG Energy Week 2023 recently held in Abuja, Nigeria should not be bared or deliberated without placing special emphasis on the reasoned and all encompassing address made by the Organization Petroleum Exporting Countries (OPEC) Secretary General H.E Haitham Al Ghais. […]