Panoro Energy ASA and BW Energy have announced the signing of production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin (formerly named G12-13 and H12-13) with Gabon’s Petroleum Minister and Minister of Economy. BW Energy holds 37.5% working interest and is the operator of the blocks, which significantly expands the resource […]
The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments, and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling Business Environment Council (PEBEC). In the ‘2024 Half Year Transparency and Efficiency Compliance Report (January 2024-June 2024),’ released on Tuesday […]
The Federal Government of Nigeria through the Minister of State for Petroleum Gas has reiterated its commitment towards deepening the natural gas infrastructural development and utilization in the country. The current stride to achieve this aspirational economic goal is coming from the plan to establish 650MW gas Powered Plant in the Ibom Solutions Gas Hub, […]
Senegal’s government unveiled a 25-year development plan that it said would lay the foundations for economic sovereignty through competitiveness, sustainable resource management and good governance. The agenda was launched seven months after President Bassirou Diomaye Faye clinched a landslide election victory on a promise to improve livelihoods in the West African nation. “We aim to […]
Panoro Energy has safely and successfully delivered the current production drilling campaign at Dussafu, which was expanded to eight wells in order to accommodate the fast-track development of the two new discoveries which were announced in May 2024. With five out of the eight wells presently onstream, in addition to the six pre-existing wells at […]
…Celebrates Three Years Of Transformation And Innovation Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially unveiled the Commission’s initiative project to increase Nigerian crude oil production by an additional one million barrels per day (1mbpd) within a short-term period. The project launching event, recently held in Abuja, Nigeria, was attended by the crème de la […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) on Thursday signed a Memorandum of Understanding (MOU) to implement the NCDMB-UBEC Smart Schools Development Initiative (NUSSDI). The MoU will enable the provision of educational infrastructure, particularly in areas with high rates of out-of-school children as well as underserved rural […]
Tower Resources the AIM-listed oil and gas company focused on Africa, is pleased to provide an update on the farm-out process in respect of its Thali production-sharing contract in Cameroon (the “PSC”). The Company is also announcing a placing of 4,401,851,851 ordinary shares of 0.001p each (the “Subscription Shares”) at a price of 0.027p per Placing Share (the […]
In a bid to scale up investment in the Nigerian upstream sector, French Exploration and Production giant TotalEnergies EP has reiterated the company’s commitment to boost the nation’s crude oil production output through fresh investment in the Bonga North Offshore project and others. The company’s President EP TotalEnergies made this latest investment disclosure, Mr. […]
Petrofac confirms further growth in Africa, with a new Master Service Agreement (MSA) award, supporting Marathon Oil in Equatorial Guinea. Under the agreement Petrofac will provide technical authority and discipline engineering support, ensuring operational excellence, integrity and safety. It will support key onshore and offshore assets: including five offshore steel jacket facilities in the Alba […]
