Atlas Petroleum International Limited and development partners have announced the development of the Venus discovery in Block P, Equatorial Guinea. Block P has Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state. This positive result follows the 8 March 2023 Plan […]
Dolphin Drilling said it has resumed a one year drilling campaign with one of its semi-submersible rigs to a location in a deepwater Oyo oilfield Nigeria. The resumption of the drilling contract is sequel to the (LoA) for the Blackford Dolphin semi-sub rig from September 2022, the offshore drilling contractor confirmed the formal approximately $96 million with General Hydrocarbons Limited […]
Maurel & Prom has planned to allocate in 2023, 85 million dollars (52 billion FCFA) for development investments in the oil sector in Gabon. The information was given by the oil company in a statement made public on March 14. This represents 30% of this overall budget intended for development and exploration investments as well as certain […]
The American global energy giant SLB formerly known as Schlumberger has recently reiterated investment commitment in Africa oil and gas sector. This veritable development is coming after its recent commissioning of regional office in Nigeria and plan expansion of operation in Gabon oil and gas sector. The Global technology company, SLB said it has officially opened its […]
Sonangol, through its Research and Development Center (CPD) , and the National Electricity Transport Network (RNT) signed, on March 16, 2023, at the Hotel Intercontinental Luanda Miramar, the memorandum of understanding for yet another project of distribution of clean energies, an agreement that outlines the guidelines for the supply of electricity to the hydrogen and green ammonia production plant, […]
National Agency for Petroleum, Gas and Biofuels (ANPG) has improved the fiscal terms of blocks 30, 44 and 45 in the Namibe Basin, within the scope of the Contracts for Services with Risk (CSR) and Extension of the Initial Phases of Exploration for the referred Blocks, in a Memorandum of Understanding Signing Ceremony carried out with the entities involved […]
Galp Energia announced the sale to Angolan company Somoil of its stake in oil exploration and production in Angola, an operation that should be completed in the second half of this year. Galp Energia in its recent media release disclosed an agreement for the sale to the Angolan company Somoil of its oil exploration and […]
Angola’s Agency for Petroleum, Gas and Biofuel (ANPG) and Chevron’s local subsidiary CABGOC have announced the start of production from the Lifua-A project within Block 0. Chevron intends to develop the Lifua reserves via three different phases, Lifua-A, -B, and -C. Phase A relies on a stacked template structure (STS) platform with ten wells, including […]
San Leon , the independent oil and gas production, development and exploration company focused on Nigeria, has a 11% shareholding in Decklar Petroleum Limited (“DPL”), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes. San Leon has noted the […]
Sequel to recent announcement made by Aquadrill on its new drilling campaign in East Africa, Shelf Drilling has also made a disclosure of the company’s award of a two-year contract for the Shelf Drilling Scepter for drilling operations offshore Nigeria. The drilling contract which is valued for the firm period, including mobilization revenue, is approximately […]
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