The Petroleum Directorate has declared that it received from Innoson Oil and Gas SL Ltd a Sierra Leonean registered company own by a Nigerian Billionaire, a preliminary report on the outcome of a recently concluded independent, third-party evaluation of its offshore concession in Sierra Leone as reported on its online platform precisely on 27th 0f […]

PTTEP  an Angolan Incorporated company (PANG), and subsidiary of PTTEP, has entered into a Sale and Purchase Agreement (SPA) to sell its entire 2.5% participation interest in Block 17/06 Project in Angola to SOMOIL BLOCO 17/06 (SU), S.A., a wholly owned subsidiary of Sociedade Petrolifera Angolana, S.A (SOMOIL). Completion of the sale is expected by […]

Egypt through her Petroleum Minister, Tariq al-Mulla, has disclosed the country discovery of a new gas field in the Mediterranean Sea. The discovery of this colossal gas field is still undergoing evaluation stages to estimate the volume. The name of the new gas field “Narges” is sequel to the discovery of Zohr gas field by Eni […]

Eni has signed a contract with Wison Heavy Industry for the construction and installation of a Floating Liquefied Natural Gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum). The FLNG will be deployed offshore the Republic of Congo. The 380 metres long and 60 metres wide vessel will be anchored at a […]

Shelf Drilling has announced that it has secured a one-year contract for the Trident VIII jack-up rig for operations offshore Nigeria. The rig will complete a short out-of-service project prior to expected contract commencement in Q2 2023 Trident VIII rig is currently located off the coast of Ghana which is believed that the rig have […]

Note that the purple and blue areas indicate basin lows, red and white indicate basin highs Reconnaissance Energy Africa Ltd has indicated a planned acquisition of the firstEnhanced Full Tensor Gravity (“eFTG”) survey conducted in Namibia. Operational Update On June 28, 2022, ReconAfrica engaged a leading airborne geophysical survey provider to conduct an eFTG survey over an […]

Tullow Oil has announced the signing of a Production Sharing Contract (PSC) for offshore exploration licence CI-803 in Côte d’Ivoire. Tullow will operate the licence with 90% equity, the remaining 10% is held by PetroCi. CI-803 covers an area of 1,345 square kilometres and is adjacent to licence CI-524 which is also held by Tullow […]

According to the economy report from the Ministry of the Economy, oil production in Gabon increased at the end of September 2022. “  Quarter-on-quarter, oil production increased by 7.3% compared to the second quarter of 2022, in connection with the operation of new wells and the loosening of the OPEC+ quota policy, despite the closure of […]

Kinetiko Energy, an Australian gas explorer and developer focused on advanced shallow conventional gas and coal bed methane (CBM) in South Africa, has received firm funding commitments from a private South African institution to raise A$2.95m (before costs) through the exercise of an option. Strategic Investment Phefo Power (Pty) Ltd (Phefo) is a South African […]

Empresa Nacional de Hidrocarbonetos (ENH) a Mozambique’s state-owned energy exploration and production company and Petrofac, a leading provider of services to the global energy industry have formed a Joint Venture (JV) for the provision of training services in the country. The partnership will create path as a veritable way to designed and support nationalisation goals […]