Savannah has entered into a Share Purchase Agreement with PETRONAS International Corporation to acquire PETRONAS’ entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile Limited (PCNL), for a total cash consideration of up to US$1.25 billion, subject to certain completion adjustments. The Transaction Consideration is expected to be financed […]

Chariot Limited, the Africa focused transitional energy group, has announced that along with its partner the Office National des Hydrocarbures et des Mines (ONHYM), it has agreed key principles for long term gas sales from the Anchois Gas Project with the Office National de l’Electricité et de l’Eau Potable (ONEE). Anchois is located within the Lixus Offshore […]

As part of his line up events after the Practical Nigeria Content 2022 ended up in grand style, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Friday commissioned the secretariat of the Petroleum Technology Association of Nigerian (PETAN) at Trans-Amadi Industrial Area, Port Harcourt, Rivers State. […]

Indigenous operators and service companies in the oil and gas industry have been advised to identify with appropriate Sectoral Working Groups under the Nigerian Content Consultative Forum (NCCF) to be able to receive adequate attention on operational difficulties of whatever nature. The Forum, established to “identify issues and responsibilities, and propose interventions that can address […]

As a deliberate strategy for national development, the federal government of Nigeria had embarked on the Special Economic Zones (SEZ) Scheme in the early 1990s in order to boost export, promote rapid industrialization, create employment, engender technology transfer, and increase access to wealth for Nigerians among other benefits. This initiative led the government in 1992 […]

Bp one of world major Exploration and Production Company has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt by the Egyptian Natural Gas Holding Company. The Northwest Abu Qir Offshore Area – in which bp, the operator, holds 82.75% and Wintershall-Dea holds 17.25% – is located west of the recently awarded North […]

Sound Energy  has release project update on its Phase 1 micro LNG development offshore Morocco and this was followed by an announced on an amendment to the project contract entered into between Italfluid Geoenergy and Sound Energy’s wholly owned subsidiary, Sound Energy Morocco East Limited (SEMEL), in respect of the design, procurement, construction, operation and […]

Woodside Energy has passed another important milestone for the Sangomar Field Development Phase 1 with the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the field offshore Senegal. Woodside awarded the contract for supply of the FPSO to MODEC, Inc in 2020. Hull and […]

United Oil & Gas has announced an update on the testing of the ASH-4 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. Brian Larkin, CEO commented:“We are very pleased with the news of the ASH-4 initial […]