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 […]
Africa Oil Corp. has disclosed that an independent review of the Company’s prospective resources has been completed by RISC Advisory (UK) Limited, in accordance with Canadian National Instrument 51-101 – Standards for Oil and Gas Activities (NI 51-101), the Canadian Oil and Gas Evaluation Handbook (COGE Handbook) and the Petroleum Resources Management System 2018 (PRMS). […]
The Nigerian Content Development and Monitoring Board (NCDMB) has emerged as top performer in business efficiency and transparency in Federal Government’s ranking of ministries, departments and agencies (MDAs) for the year 2022. This latest result is reminiscent of the Board’s 81.46 per cent score in Ease of Doing Business, which placed it top of […]
Nigeria through her Minister of Interior has revoked the Work Permit, Visa and Residence Permit of the Chief Executive Officer (CEO) of Seplat ,Energy Plc, Mr. Roger Brown, over allegations of racism, favouring of foreign workers and discrimination against Nigerian employees levelled against him by employees of the company according to the nation’s media THISDAY. […]
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 […]
Chariot Limited the Africa focused transitional energy company said that it has now completed the Front-End Engineering and Design (FEED) on the key components of its flagship Anchois gas development project, offshore Morocco. The Anchois gas field is located within the Lixus Offshore licence area, in which Chariot holds a 75% interest and operatorship, alongside ONHYM which holds a […]
The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry have launched a $US50 million dollars fund for Nigerian Oil and Gas Park Scheme (NOGAPS) Manufacturing Product Line. The fund is to incentivize companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in […]
The Nigeria National Petroleum Corporation Limited has under the umbrella of its non-operating Joint Venture (JV) partners of OML 18 appointed NNPC Eighteen Operating Liimited as operator of OML 18 in replacement of Eroton Exploration and Production Limited (Eroton). This is to curtail further degradation of the asset and revamp production of oil and gas. […]
SDX Energy, has announced that, at the request of the Egyptian Natural Gas Holding Company (EGAS), its wholly owned subsidiary, Sea Dragon Energy (Nile) B.V., (Nile B.V.) and Energy Flow Global Limited (EFGL) have reconstituted the transaction announced on 1 February 2022. There is no change to the underlying economic substance of the original transaction. […]
