San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced an operational update in relation to its forthcoming Proposed MLPL Reorganisation and the Further ELI Investments, as defined in the Company’s AIM Admission Document published on 8 July 2022 (the Admission Document). On 8 July 2022 the Company announced that […]

Reconnaissance Energy Africa (“ReconAfrica) and its joint venture partner NAMCOR the state oil company of Namibia  has confirmed  having successfully reached total depth of the third stratigraphic test well, 1819/8-2 (“8-2”), in the Kavango basin of NE Namibia. The well was drilled to a total depth of 2,056 meters reaching all geological targets, on time […]

Eni Chief Executive Officer Claudio Descalzi and The President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, have met to discuss issues bothering the production of natural gas, LNG export and other areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr gas field. The meeting also […]

Invictus Energy  has announced a private placement to raise $25m at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign of two high impact exploration wells aimed at unlocking the resource potential of the Cabora Bassa Basin in Zimbabwe. Following the assessment of a range of options, including farm-in bids […]

FAR Ltd and the wholly owned subsidiary FAR Gambia Ltd said it has acquired an additional 50% interest in Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 100% working interest. The interest was acquired from PC Gambia Ltd a subsidiary of Petroliam Nasional Berhad (“PETRONAS”). FAR has acquired a further […]

As shown in a recent well drilling campaign program, Gabon is betting on oil production up by 2.2%, according to the forecasts contained in the macroeconomic and budgetary framework document for the period 2023-2025. This production would then stand at 10.99 million tonnes against forecasts of 10.7 million metric tonnes in 2022 in the amending finance […]

Energy ASA has announcec that it has been awarded a 100 per cent interest in Technical Co-operation Permit (“TCP”) 218 located onshore northern Free State province, South Africa. TCP 218 covers a surface area of approximately 6,608 Km2 in the highly prospective Northern Karoo Basin which has a proven working natural gas and Helium system with […]

DNO ASA, the Norwegian oil and gas operator, has entered into a transaction agreement pursuant to which RAK Petroleum plc will transfer its ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot International LDC whose principal assets are operated stakes in offshore production of […]

BW Energy has announced the sail away of the BW MaBoMo (formerly Hibiscus Alpha) offshore production facility. The production facility is currently onboard a heavy-lift vessel in transit to the Dussafu license offshore Gabon where it will be installed to produce oil from the Hibiscus and Ruche fields. The BW MaBoMo is expected to arrive on the field at the end of September for installation and hook-up […]

The Eni acquisition of the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group it seemed as a great investment step by the company especially now the  price of gas is at all time high owing to Europe energy crisis, heading above $9 to MMBTU. The FLNG facility will be […]