Africa Oil Corp. has announced that it has submitted withdrawal notices to its joint venture partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements (JOAs) and Production Sharing Contracts (PSCs) for these concessions. The Company has concurrently submitted notices to Ministry of Energy and […]

The Nigerian National Petroleum Company Limited, NNPCL, has given kudos to the passage of Petroleum Industrial Act as an enabler that facilitated the  ability of the corporation in clearing the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. Representing the NNPCL’s Executive Vice President, Upstream, Adokiye Tombomieye […]

Afentra confirms that an Executive Decree to formally approve the period of the Block 3/05 licence extension, extending the production sharing agreement (‘PSA’) to 31 December 2040, has been published in the Diário da República. The recent agreement between the Block 3/05 JV partners and ANPG (the Angolan Oil & Gas regulator) on the licence […]

The Government of Republic of Guiné Bissau and Eni signed a Memorandum of Intent (MoI) to explore potential areas of collaboration in the areas of exploration, nature- and technology-based climate solutions, agriculture, sustainability, and health. This Memorandum aims to evaluate solutions to promote sustainable growth in the environmental field and to support the development of […]

Invictus has awarded seismic contract for Cabora Bassa Phase 2 exploration campaign to Polaris. The Program is to acquire minimum of 400-line km 2D seismic Data to be used to mature leads on trend with Mukuyu and in Basin Margin play into drill ready prospects Mukuyu-2 appraisal well is still remained on track to be […]

The global expert in onshore seismic acquisition technology and solutions, STRYDE, has been awarded a contract worth over $1 million for the supply of 10,000 seismic receiver nodes and its “Nimble” node receiver system in Nigeria. STRYDE’s seismic sensor technology will be utilised on an upcoming 3D seismic survey conducted by Nigerian geoscience solutions provider, […]

Shelf Drilling has four jack-up rigs currently engaged in Nigerian offshore operations, and about three in the African region. Trident VIII secured a one-year contract with an undisclosed operator in Nigeria, expected to commence May 2023 upon completion of its current contract and a contract preparation project.  Shelf Drilling Scepter secured a two-year contract plus […]

With a recognized net income amounting to $21.9 million In Q1 2023, the Company is no doubt making tremendous progress in its Africa oilfields investment campaign. Africa Oil Corp. operations in Nigeria are ceaseless with its latest OML 130 drilling campaign which commenced on February 22, 2023, with the spud of the first infill well on the […]

Angola has indicated readiness to contribute to the development of the oil sector in Namibia. The National Agency for Petroleum, Gas and Biofuels (ANPG) recently signed a Memorandum of Understanding (MoU) with its counterpart in the Republic of Namibia, Directorate of Petroleum Affairs (DPA in English, Directorum of Petroleum Affairs), during the international conference called NIEC (Namibia […]

In Namibia, independent power producer (IPP) Cerim Lüderitz Energy has signed the necessary agreements for the development of the Lüderitz wind project with the state-owned company NamPower. The project involves the construction of a 50 MW wind farm. Namibia will have a new wind farm within a few months. This is the aim of the […]