The ceaseless proceeds of Nigeria Local Content initiative will continue to radiate smiles on the faces of most captains of Nigeria oil and gas sector. This time around its coming from the 2,000tonnes Conductor Supported Platform, fabricated by Dorman Long Engineering Limited a 100% indigenous local content participatory project. The platform which was loaded out for the […]

Barely few month Africa Africa Energy has released reports that Eco (Atlantic) Oil & Gas has deposited approximately US$20 millionin escrow to support its capital expenditure requirements for the Gazzania-1 well on Block 2B, offshore South Africa, after closing the acquisition of Azinam Group Limited.  The oil and gas exploration company focused on the offshore […]

Savannah Energy,  a leading African‑focused British independent energy company · Supplying Gas To Enable Over 10% Of Nigeria’s Thermal Power Generation has announced that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (GSA) with Notore Chemical Industries. Accugas will supply Notore with up to 10 MMscfpd of […]

Reconnaissance Energy  said it has received a three year extension to its Environmental Clearance Certificate (ECC), from the Office of the Environmental Commissioner, Ministry of Environment, Forestry and Tourism of the Republic of Namibia, covering the entire PEL 73 permit, which covers over 6.3 million acres (25,000 km2), in northeast Namibia. The ECC authorizes ReconAfrica, […]

Invictus Energy Limited has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Assignment of exploration rights to EPO 1848 and EPO 1849 by Sovereign Wealth Fund of Zimbabwe Invictus’ 80% owned subsidiary Geo Associates (Pvt) Ltd (Geo Associates) and the Sovereign Wealth Fund of Zimbabwe (SWFZ) […]

ADM Energy, a natural resources investing company, has announced the completion of the 17th Lifting at the Aje Field, part of OML 113 offshore Nigeria. The Lifting totalled 94,187 barrels with a net share of 8,683 barrels to ADM, which equates to ADM’s profit interest of approximately 9.2%. The nominated offtake partner for the Lifting […]

Together with their partners Chevron and NNPC, Equinor have signed deal to extend the OML 128 license to continue to produce oil from Nigeria’s Agbami field for at least two more decades; in a deal that not only secures value for the operating partnership but also provides crucial income for Nigeria’s economy, local employment and […]

Wildcat Petroleum have been busy working on a number of opportunities in Africa. New areas of interest include Sudan, Chad and South Sudan. Back on the 9th May the Company signed a reconnaissance licence for 20 offshore blocks in Sierra Leone territorial waters.  Republic of Sudan WCAT has recently set up a Representative Office in […]

Sound Energy, the transition energy company,  has provided an update on the Phase 2 development financing of its Tendrara Production Concession, an update on the Company’s exploration and appraisal activities and the launch of a farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits. Phase 2 Development Financing […]

BW Energy has announced the signing of an up to USD 300 million international Reserve Based Lending (RBL) facility. The funds will initially be used to finance the further development of the Dussafu license offshore Gabon. The facility has an initial commitment of USD 200 million which can be expanded up to an additional USD 100 million. The secured long-term debt facility has been provided by a syndicate of five international banks and has a tenor of six years. “We […]