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Nigeria

Africa Oil Announces Egina Operational Update, the Receipt of Prime Dividend

Africa Oil Corp. has announced that it has received its seventh dividend from Prime Oil and Gas Cooperatief UA. The Company is also pleased to update the markets on a significant increase in the Egina oil field production.  Prime has distributed a $75.0 million dividend with a net payment to Africa Oil of $37.5 million related to its 50% […]

Oilfield Africa - Friday July 2, 2021
Midwestern Oil reverse-takeover offer to San Leon Energy on course

Midwestern Oil & Gas Limited has recently revealed that the reverse take-over (RTO) offer to San Leon Energy Plc, an energy company listed in the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). Midwestern currently holds more than 10% of San Leon’s shares and would end up holding a majority of the shares […]

Oilfield Africa - Wednesday June 30, 2021
San Leon Announces 2020 Financial and Operational Updated

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced its audited final results for the year ended 31 December 2020.  Corporate ·Completed the return of approximately US$33.8 million to shareholders during the first half of 2020 delivering on the Company’s commitment to shareholder returns. ·The Company entered into […]

Oilfield Africa - Tuesday June 29, 2021
San Leon acquires further interest and option in New Oil Export System in OML 18 Offshore Nigeria

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the equity of Energy Link Infrastructure (Malta) Limited (“ELI”), the company which owns the Alternative Crude Oil Evacuation System (“ACOES”) project. The […]

Oilfield Africa - Friday June 25, 2021
Huawei unveils intelligent oil, gas solutions in Nigeria

A top global ICT infrastructure provider, Huawei, has introduced new ICT solutions for higher safety and efficiency in the oil and gas industry in Nigeria. While participating at the Nigeria International Petroleum Summit 2021, Huawei hosted a forum to discuss how to drive data to barrel and set up an exhibition booth to showcase its […]

Oilfield Africa - Thursday June 24, 2021
Nigerian oil production growth declines owing to Persistent operational issues

The West African country’s crude production has been languishing at only two-thirds of its full capacity this year due to these factors along with its obligations under the OPEC+ production cuts. And, with further fiscal and security uncertainties ahead, the outlook for the country’s oil sector is likely to come under pressure despite the implementation […]

Oilfield Africa - Thursday June 17, 2021
Nigeria’s Indigenous Companies Add to the Current 206.53 TCF Gas Reserves

Proven gas deposits in Nigeria have moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed that indigenous oil and gas companies are now contributing as much as 33 per cent to the nation’s crude oil reserves […]

Oilfield Africa - Thursday June 17, 2021
Nigeria’s Strides Energy and Partner T.D. Williamson Perform First SmartPlug® Isolation in Offshore Nigeria

T.D. Williamson (TDW), the global solutions provider, completed its first SmartPlug® isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime Ltd. (Strides). Isolating the 267-km (165-mi) natural gas pipeline enabled the safe change-out and leak testing of platform valves without depressurizing the system. This was the latest […]

Oilfield Africa - Thursday June 17, 2021
Nigeria Round off Marginal Field Bid Round, Present Letters to Successful Winners

The Department of Petroleum Resources (DPR) has concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with 57 marginal fields […]

Oilfield Africa - Monday June 7, 2021
Nigeria Indigenous Companies-Shafa, A.A. RANO, Matrix, Others Get Marginal Oil Field Licence

Nigeria Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer. The […]

Oilfield Africa - Wednesday June 2, 2021

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