Egypt global quest to become Africa top oil and gas producer is seemingly unhindered; sequel to outbreak of Russian-Ukrainian war African oil and gas exploration has uptick in recent times. Egypt’s Ministry of Petroleum and Mineral Resources has stated the preparedness of his country to launch three international tenders for oil and gas exploration in 2023, as the country […]
Panoro Energy is consolidating its presence in Equatorial Guinea owing to recent award of a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent). Block EG-01 borders both Block G where Panoro has […]
The Ghana Grid Company (GRIDCo) has announced that it is set to earn revenue for the first time since 1983, thanks to the export of power to neighbouring countries such as Togo, Benin, Cote d’Ivoire and Burkina Faso. This has come as a relief to the company, which has been struggling with late payments from […]
Tullow Oil has disclosed that Tullow Ghana Limited (TGL) has filed requests for arbitration with the International Chamber of Commerce in London in respect of two disputed tax assessments received from the Ghana Revenue Authority (GRA). The assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds […]
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made on 16 February 2023 by Decklar Resources in Canada. San Leon has a 11% shareholding in Decklar Petroleum (“DPL”), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to […]
Africa Oil Corp has announced that it has signed two production sharing contracts (PSCs) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31. These PSCs are subject to ratification by the country’s government. Africa Oil will hold eighty per cent (80%) operated interests in each block with the balance to be held by GEPetrol, […]
Amid global concerns over energy security and a regional resolve on collaboration to deepen local content, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has proposed strategies that would break down barriers and promote cross-border collaboration amongst governments and businesses. He made the suggestions in a presentation he made […]
The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva will on Tuesday perform the groundbreaking of the Oloibiri Museum and Research Center (OMRC), in Ogbia Local Government of Bayelsa Stateon behalf of President Muhammadu Buhari, GCFR. The Minister would also perform the ground-breaking of the NCDMB Conference Hotel Project (CHP), a three-star hotel […]
Shelf Drilling, Ltd has announced that it has secured a one-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. Following this extension, the expected availability of the rig is February 2024. Before the Gemsa Petroleum […]
The Nigerian Content Development Monitoring Board (NCDMB) has poured encomium to the current Nigeria leadership of Mr Mahammadu Buhari for its knack on people oriented projects. Sixty-six years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State by Shell D’Arcy, the Federal Government through the Federal Executive Council (FEC) on Wednesday […]
