Africa Oil Corp has announced the company participation in a USD 95.0 million Open Offer by Impact Oil & Gas Limited a privately–owned and African–focused exploration company. The capital raised shall be used towards funding Impact’s participating share of the multi-well drilling and testing programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil […]

Nigeria has moved one step further in the bid to actualize the country Decade Of Gas Plan Agenda. The positive step this time around is coming from a global renowned LNG investment conglomerate company from Norway- Golar LNG.  This investment gesture is in furtherance of Nigeria efforts to deepen its domestic gas utilization and enhance […]

During 2021, Asia is positioned as the main destination for oil produced in Gabon. Out of a total of 65.9 million barrels of oil exported for a value of 2555.8 billion FCFA, China, India and South Korea alone captured 60%. The information is contained in the 2021 EITI report (Extractive Industries Transparency Initiative) published a few days […]

As follow up to 2020 licensee bid round that was delayed by COVID and exit of the American company in 2017, ExxonMobil Corp. has applied to prequalify for four offshore oil blocks in Liberia, the West African country’s state oil regulator said in its recent statement. Once prequalified, Exxon will be invited to negotiate a […]

The enthronement of transparency, prudent management of financial resources, and deployment of a new master plan are some of the strategies that would attract the private sector to support the Niger Delta Development Commission (NDDC) and return the agency to the path of sustainable development of the Niger Delta region, the Executive Secretary of the […]

PGS, a leading supplier of offshore geophysical services for Angola, has released a new Angola Central Basin Time screening dataset, offering the opportunity to evaluate open acreage for proven pre- and post-salt plays in readiness for the 2025 licensing round. Recent legislative changes now incentivize gas and marginal field developments, providing further reasons to evaluate […]

Sequel to an age long acquisition dispute on prolific oilfield OPL 245, a senior Nigerian minister urged the country’s president to end a long-running dispute with Eni SpA and Shell Plc to allow the companies to finally develop a prized deepwater oil license. Reported by Bloomberg. Investigations and lawsuits relating to the energy giants’ acquisition […]

As Nigeria navigates the 3rd year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advocated for action parties to provide annual status reports of the successes, issues, support required, and target completion dates. He made […]

Nigeria currently experiencing rise in the numbers of offshore rigs operations as Shelf Drilling a shallow water offshore drilling contractor with official base in Nigeria secured a short-term contract for the Adriatic I for operations offshore Nigeria. The company in recent media disclosure said that contract term with undisclosed firm is on period of 90 days […]

There are all indications that the Nigeria AKK gas pipeline project is experiencing a smooth sail in project execution according to plan. This affirmation is in collaboration with recent visit paid by the country NNPC Limited Group CEO, Mr. M K Kyari on an inspection tour of one of the AKK Gas Pipeline project sites […]