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 […]

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 […]

The issue of incessant Crude oil pipelines vandalizing in Nigeria took a center stage at the just concluded Nigeria Oil & Gas Conference and Exhibition 2022.This ugly trend has posed huge economic loss to the African largest crude oil producer. One of the country’s major exploration and production companies Shell via its country head Mr Oagie […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to announce its audited final results for the year ended 31 December 2021.  The full annual report for the year to 31 December 2021 is available on the Company’s website (www.sanleonenergy.com) and will be posted to shareholders in […]

Sequel to the Company’s previous announcement made on 3 May 2022, San Leon, the independent oil and gas Production, Development and Exploration Company focused on Nigeria, has provided operational update on the Oza oil field in Nigeria. This latest disclosure is in respect of its potential follow-on investment in producing oilfield.  On 3 May 2022, […]

Savannah Energy  has said that Accugas, the Company’s 80% indirectly owned subsidiary, has commenced gas sales to Central Horizon Gas Company Limited (CHGC), a subsidiary of Axxela, and a major gas distribution company situated in the South-South region of Nigeria. In February 2022, Savannah signed an interruptible gas sales agreement (GSA) with CHGC to supply […]

H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, provided insights into the latest across the country’s oil and gas sector during an exclusive roundtable interview organized and hosted by the African Energy Chamber on June 24, 2022. Oil production in Nigeria has been on the decline recently. What are the main constraints […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejuvenated the fate of winners of the 2020 marginal field bid exercise as awardees are expected to commence production before the end of this June. Gbenga Komolafe, chief executive officer (CEO) of NUPRC, had recently disclosed that the agency is targeting June for marginal field awardees to […]

The federal government is targeting to add 800,000 barrels to Nigeria’s daily oil production from some important upstream projects being executed by Shell, TotalEnergies, and other oil companies, which had stalled due to funding and other reasons. Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this in Abuja at the 2022 […]

In  February 2021, The unprecedented journey started with issuance of License to Establish (LTE) by Department of Petroleum Resources (DPR). The birth of a new dawn has come in history of Nigeria energy sector-The first ever Floating Liquefied Natural Gas (FLNG) production plant in Nigeria to be operated by UTM Offshore Limited, an indigenous oil […]