SDX Energy has, together with the Office National des Hydrocarbures et des Mines (ONHYM), renegotiated a gas sales agreement with one of its key customers in Morocco aligned with the regional development strategy and consequently will receive a higher gas price for production with effect from 1 May 2023. This price increase will enable the […]
Tunisia based exploration and production firm Serinus Energy has announced that the workover operations on the Sabria N-2 well in Tunisia have been completed. Having successfully removed wellbore restrictions and recompleted the well, the Company has mobilised surface testing equipment to the well site to evaluate well production. Upon completion of the testing program the […]
Savannah Energy a 80% indirectly owned subsidiary company Accugas, a company that focuses on the marketing, processing, distribution and sale of gas to the domestic Nigerian market has sealed a new Natural Gas Sales and Purchase Agreement (NGSPA) with Amalgamated Oil Company Nigeria (AMOCON) for gas produced in the OML 156 sole risk petroleum lease […]
TotalEnergies EP Gabon has reported decline in revenue in the first quarter of 2023 compared to the same period last year, in a context marked by a fall in oil prices. “ The turnover for the first quarter of 2023 amounted to 105 million dollars (64.3 billion FCFA, at the current dollar rate) down 44% compared to the first […]
The PGS Deepwater Niger Delta Depth 2023 project provides unparalleled imaging of complex structure and delivers over 5 000 sq. km of reprocessed PSDM MultiClient 3D data. This depth reprocessing focuses on the northwestern Nigerian offshore, rejuvenating two datasets: the Nigeria MegaSurveyPlus and OPL 314/315/321/323 MC3D. The 2023 Pre-Stack Depth Migration PSDM provides coverage over […]
Corcel, the extractive industries exploration and development company, with interests across battery metals and oil and gas, has announced that it has signed its first oil and gas acquisition with the purchase of a 90% interest in Atlas Petroleum Exploration Worldwide Limited (“APEX”), that has working interests in several historically producing oil assets in the […]
Africa Oil has taken note on the media disclosure recently made by TotalEnergies in ushering in of the renewal of Oil Mining License (OML) 130 for a period of 20 years which Africa Oil has an effective 8% interest in asset through its 50% shareholding in Prime Oil & Gas Coöperatief U.A. (Prime). The company […]
Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed transaction from 30 June 2023 to 31 August 2023. Although Scirocco has continued to make progress with the Tanzanian Revenue Authority (“TRA”) regarding obtaining tax clearance for the divestment of Ruvuma, Scirocco and its counterparty agreed it was […]
The Nigeria targets to increase its hydrocarbon reserves to 50bn barrels are gradually coming to fruition. Barely less than one week to the exit of the current administration of the African second largest crude oil producer, the Nigeria President Mr Muhammadu Buhari has flagged off another crude oil drilling campaign of the Wadi-B Well in […]
Tanzanian maiden LNG project has continued to generate undaunted financial commitment from investors. Equinor, Shell and Exxon Mobil have shown unalloyed pledges on the Tanzania multi-billion dollars LNG project deal. The current assurance is coming from Equinor Tanzania According to Equinor consortium, they have agreed a deal with the government of Tanzania for the development […]
