VAALCO Energy has announced that sequel to its former position on the acquisition from Sasol Gabon S.A. (“Sasol”) of Sasol’s 27.8% working interest(1) in the Etame Marin block offshore Gabon, the other joint owners in the Etame Marin block have not exercised their pre-emptive rights. As a result, VAALCO will now move forward with acquiring Sasol’s […]
Seplat Petroleum Development Company a Nigeria based exploration and Production Company has announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited (Waltersmith). The CPA is for the supply of between 2,000 and 4,000 bopd from existing working-interest production from the Ohaji South Field within OML53, for Waltersmith’s new 5,000 bopd modular refinery at […]
Employees of Pan Ocean Oil Corporation (Nigeria) Limited, under the aegis of the National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria, on Wednesday shut down the Oil Mining Lease, OML, 98 flow-station and the Ovade-Ogharefe gas processing facility in Delta State This has led […]
The Senegal Ministry of Petroleum and Energy has announced an extension to the deadline for submission of applications until 17:00 (GMT) on Sunday 30th may 2021.The Licensing Round is the second international competitive bidding round arranged by the Ministry of Petroleum and Energy in Senegal. There has been a significant increase in oil and gas […]
The Equatorial Guinea Ministry of Mines and Hydrocarbons has announced the conclusion of several meetings for the evaluation of the 2021 Work and Budget Programs pertaining to the development of the Republic of Equatorial Guinea’s oil & gas fields. The meetings were held in the cities of Malabo and Bata to carefully examine the country’s […]
LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa has announced operational and trading update in respect of the Otakikpo Marginal Field the Company’s sole producing asset. Otakikpo Joint Venture is made up of Green Energy International Limited, the Operator of the Otakikpo Marginal Field, and the […]
The recent unequivocal commitment shown by Nigeria present government on gas driven economic development has been seen as a good approach in monetization of the nation abundant natural gas reserves. This latest assurance is coming from the Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari in an interactive section with the media. […]
San Leon has announced that the parties have agreed to extend the completion date of Oza oilfield to first quarter of 2021. This is Further to its previous announcements regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, The company in its previous announcement has blamed the prevailing worldwide restrictions […]
The FPSO will be deployed at the Sangomar field located approximately 100 kilometers south of Dakar, Senegal. The Sangomar Field Development is expected to be Senegal’s first offshore oil development. Scheduled for delivery in 2023, the FPSO vessel will be permanently moored at a water depth of approximately 780 meters by an External Turret mooring […]
The Nigeria Petroleum regulatory body Department of Petroleum Resources (DPR) stated that it will collaborate with the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry for business sustainability in the oil and gas industry in creating wealth for the economy. A statement issued by Mr Paul Osu, Head, Public Affairs, […]
