Sequeal to the recent repositioning and unveiling of Nigerian state owned oil company to profit oriented company by the country President Mohammadu Buhari, The Nigerian National Petroleum Corporation has through the Group Managing Director Mele  Kyari proclaimed the company moving forward plan to announce the imminent launching of the NNPC Ltd initial public offering (IPO) […]

Eni is pleased to learn the Prosecutor-General’s Office dropped its appeal before the Second Section of the Court of Appeal of Milan on the OPL 245 matter, waiving the case. The Court acknowledged the waiver that ends the unmotivated and disconcerting criminal court case related to the OPL 245 concession in Nigeria. The waiver means […]

Eni has signed with SONATRACH, Oxy and TotalEnergies a new PSC for blocks 404 and 208 in Algeria. These blocks are located onshore in the prolific Berkine basin, in Eastern Algeria, an area where Eni has been present since the 80s. The contract, signed under Algeria’s new hydrocarbon law of 2019, will allow the partners […]

SDX Energy has announced the completion of drilling at the MSD-23 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-23 encountered the primary top Asl Formation reservoir at 3,909 feet MD (3,112 feet TVDSS) and reached a TD of 4,449 feet MD on 10 July. The […]

Sequel to upcoming Oil and Gas Summit in the country, GeoPartners have signed an exclusive agreement with the Instituto Nacional De Petroleo (INP), on behalf of the Government of Mozambique, to conduct a major new Multi-Client 3D Geophysical Survey in the offshore Angoche Basin.  The project will comprise the acquisition of a minimum 12,000 sq. […]

Tullow Oil plc an exploration and production (E&P) company with focused on Africa and operational interest in interests in two exploration – Jubilee and Ten – licences offshore Ghana has issued an update and guidance in advance of the Group’s 2022 Half Year Results scheduled for 14 September 2022. Merger with Capricorn Energy On 1 June […]

Panoro Energy ASA has announced it has completed the sale of its fully owned subsidiaries Pan-Petroleum Services Holdings BV and Pan-Petroleum Nigeria Holding BV (together referred to as “Divested Subsidiaries”) to PetroNor E&P ASA for an upfront consideration of USD 10 million plus a contingent consideration of up to USD 16.67 million based on future […]

Bowleven, the Africa focused oil and gas Exploration and Production Company with key interests in Cameroon, has announced the expiry of the 30 day right of pre-emption period pertaining to New Age (African Global Energy)’s definitive conditional agreement with a subsidiary of Perenco, to transfer all of New Age’s participating interests in the Etinde permit […]

BW Energy today provides an update on the operations and development of the Dussafu Marin license in Gabon. The Company will publish financial figures for the second quarter and first half of 2022 on Thursday, 25 August. Gross production from the Tortue field averaged approximately 10,700 barrels of oil per day in the second quarter of 2022, amounting to a total gross production of approximately 975,000 barrels of oil for the period and in line with expectations. As previously guided, there were no BW Energy liftings in the quarter. Production cost (excluding royalties) was approximately USD 35 per […]

Nigerian National Petroleum Corporation NNPC has won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc. The recent judgment was upheld by the presiding judge in the capital, Abuja, granting  the Nigerian National Petroleum Co. an “order of interim injunction” on July 6 barring Exxon “from completing any divestment” in a […]