bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established. Azule Energy is now Angola’s largest independent equity producer of oil and gas, holding 2 billion barrels equivalent of net resources and growing to about 250,000 barrels equivalent a day (boe/d) […]

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.     The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids […]

As part of the rollout of its multi-energy strategy in Angola, TotalEnergies has announced the launch of the Begonia oil field, and Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country, with a capacity of 35 MWp and the possibility of adding 45 MWp in a second phase. […]

Genser Energy has announced successful  8-year financial  funding package of USD425m. The funds, which comprise of a syndicated senior loan facility of USD325m and a USD100m mezzanine loan facility, will be used to refinance existing debt and finance the next phase of expansion projects including: __a 100km natural gas pipeline to Ghana’s second largest city, […]

independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Inc. (“Decklar”) in Canada.  San Leon 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 […]

The Gabonese government has undertaken to carry out an audit of the oil sector. This commitment is contained in Gabon’s Memorandum on Economic and Financial Policies (MEFP). The document is attached to the letter of intent addressed by Libreville to the International Monetary Fund (IMF), to benefit from financing from the financial institution last June according to […]

Eni has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and second discovery on the Baleine structure, offshore Côte d’Ivoire. The excellent results have allowed to increase by around 25% the volumes of hydrocarbons in place of the Baleine Field, which are now estimated at 2.5 billion barrels of […]

Eni and its Partners in the New Gas Consortium (NGC), Chevron’s affiliate in Angola Cabinda Gulf Oil Company Limited (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola’s National Agency for Oil, Gas and Biofuels ANPG, are pleased to announce that the Final Investment Decision (FID) for the development of the Quiluma and Maboqueiro (Q&M) […]

From all indication, Mallam Mele Kolo Kyari, the Group Managing Director of the then Nigerian National Petroleum Corporation and now the Group Chief Executive Officer of The Nigerian National Petroleum Company Limited (NNPC Ltd) is undeniably a game changer. He is a hard working gentle man with a perfect magical touch, full of versatile knowledge, […]

Decklar and its co-venturer have received the permits required to resume production from the Oza-1 well at the Oza Oil Field. Production from the well has begun at low volumes initially to reestablish oil flow, with volumes to be increased steadily in order to establish a long-term sustainable rate. Production of crude oil from the […]