The Nigerian National Petroleum Corporation Limited is now in control of Addax Petroleum Production Sharing Contract PSC assets following the signing of closing documents at the NNPC tower recently. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, GCEO; and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf of the two […]

Sirius, an African focused oil & gas production and development company, has shown confident and commitment towards various company’s operations in sub Sahara African region. This was highlighted in its recent  group operational and commercial update. OML65 On 14 December 2022 the Company announced the completion of the OML65 transaction under which the Company fulfilled […]

The year 2022 was a record year for Panoro with revenues estimated at approximately USD 188 million. Working interest production averaged approximately 7,500 bopd. Underpinned by a strong balance sheet and conservative leverage profile the Company is well positioned for its organic production growth. Production drilling commenced in early January at the Hibiscus Ruche Phase […]

According to information from the Perenco company, the Batanga plant, in the Ogooué-Maritime province, will produce 15,000 tonnes of LPG (domestic gas) per year from the 1st half of 2023, intended for the Gabonese market to reduce the country’s imports (by more than 50%). “-+This production plant will develop an integrated system comprising the production of LPG […]

The Nigeria National Petroleum Company, NNPC, spent 4.39 trillion naira ($9.7 billion) on petrol subsidy last year, latest data from the state-owned firm, as quoted by Reuters. The government has blamed this for dwindling public finances. NNPC did not remit funds to federal accounts last year, its data showed, leaving a hole in public finances at a […]

Predator Oil & Gas, the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, announces an update on the drilling of the MOU-2 well in the Guercif Petroleum Agreement onshore Morocco. The MOU-2 well has been suspended with an option to re-enter after reaching a depth of 1,260 metres Measured Depth. […]

The team at Uganda National Oil Company (UNOC) is excited following a Government approval regarding Kasuruban, an oil and gas block. The exploration approval is coming barely 12 days into 2023 energy year, This good news is coming following recent announcement made by the country Energy Minister Ruth Nankabirwa Ssentamu said in a statement detailing […]

Uganda said on Friday it plans to announce a third in May in an effort to further develop a sector on track to produce its first oil in 2025, Reuter reported. Energy Minister Ruth Nankabirwa Ssentamu said in a statement detailing developments in the sector that the next licensing round would be announced at a […]

Invictus Energy  hasprogressed on operations at its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin. Managing Director Scott Macmillan commented:“The Mukuyu-1 and ST1 drill campaign has been a great success, identifying 13 potential hydrocarbon bearing zones across the Pebbly Arkose and Upper Angwa formations. “Significantly, a combined 225 metres of gross potential hydrocarbon […]

Eni CEO, Claudio Descalzi, and the CEO of Sonatrach, Toufik Hakkar, have signed in Algiers two agreements which outline future joint projects on energy supply, energy transition and decarbonisation. The agreements were signed in the presence of the Prime Minister of Italy, Giorgia Meloni, and the President of the People’s Democratic Republic of Algeria, Abdelmadjid […]