The investment will be channelled into drilling of more than 50 new oil wells and the installation of additional subsea infrastructure on the Jubilee and Tweneboa, Enyira and Ntomme (TEN) oilfields. It forms part of Tullow’s comprehensive plan to deliver maximum value for the country and stakeholders — Ghana Value Maximisation Plan. The Managing Director […]
Tower Resources plc the AIM listed oil and gas company with its focus on Africa, has announced an update regarding planned operations on the Thali license in Cameroon held by its subsidiary Tower Resources Cameroon SA, and the NJOM-3 well. The Government of the Republic of Cameroon has notified TRCSA that the President of the Republic has approved a further […]
The Exploration & Production arm of Shell Nigeria SNEPCO has appointed Elohor Aiboni as its first female Managing Director. The development was confirmed by one of the aides of President Muhammadu Buhari on Social media, Lauretta Onochie via her Twitter handle. She Tweeted: Shell Nigeria Exploration and Production Company has appointed Eloho Aiboni, as its […]
The Nigeria’s oil and gas regulatory boby Department of Petroleum Resources (DPR), has said that it generated over N2 trillion in 2020. Director/chief executive officer of DPR, Engr Sarki Auwalu, who made the disclosure while delivering a keynote address at the 2021 Oloibiri Lecture Series and Energy Forum, organised by the Nigeria Council, Society of Petroleum […]
Tullow Oil plc has announced the successful result of its general meeting to approve the disposal of all of the issued share capital of its subsidiary, Tullow Equatorial Guinea Limited (“TEGL”) held by Tullow Overseas Holdings BV, another subsidiary of Tullow, to Panoro Energy Holding BV, a subsidiary of Panoro. TEGL holds a 14.25% non-operated […]
Sequel to previous announcement made on 18 February 2021, ADM Energy PLC, a natural resources investing company, has announced that it has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria. The investment will be made by […]
A Nigerian court rejected Royal Dutch Shell Plc’s bid to overturn an order restricting access to the company’s bank accounts in the West African country, a spokesman said and reported by Bloomberg Aiteo Eastern E&P Co. obtained an injunction from a federal court in Lagos on Jan. 25 directing Shell and multiple Nigerian banks not […]
A crude production flow station operated by Conoil Production at Ango field in Koluama, Southern Ijaw Local Government Area of Bayelsa, has been shut by the host community according to the nation’s Daily Trust. The News Agency of Nigeria (NAN) has reported that the oil workers at the onshore facility connecting oil wells within the […]
Royal Dutch Shell has recently revealed that the volume of crude oil spills caused by sabotage in Nigeria’s oil-rich Delta dropped by 40% in 2020 to 1,400 tonnes as reported by Reuters. The revelation is coming not too long after the appeal court judgment passed on Shell Nigeria operations as regards to environmental pollution caused […]
VAALCO and its joint venture owners have said that they are evaluating the timing and budgeting for development and exploration activities on Block P offshore Equatorial Guinea. This latest information was disclosed in company’ The Block P production sharing contract provides for a term of 25 years from the date of approval of a development […]
