United Oil & Gas, the full-cycle multinational oil and Gas Company, has announced the last quarterly production update for the period to the end of 2020. United Oil stated that the H2 2020 net working interest production averaged 2,340 boepd in line with guidance for the period of 2,300 boepd, while the Q4 2020 net working […]

McDermott International, Ltd today announced it has completed the KG-D6 R Cluster subsea field development project and achieved pre-commissioning and ready for startup for Reliance Industries Ltd., in the Krishna Godavari Basin, located off the east coast of India. “The safe and successful completion of Reliance’s KG-D6 R Cluster project is a testament to McDermott’s […]

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, has said that following the resignation of Mark Simmonds, the Board has appointed Mr. Michael Ajukwu as Chairman of the company with immediate effect. Mr. Simmonds before his appointment as chairman of Lekoil has served in […]

FAR Limited has announced update on The Remus conditional non-binding indicative proposal of a potential offer from Remus Horizons PCC Limited to acquire 100% of the shares in FAR at 2.1c cash per share.  The company said that the proposed sale by FAR of its interest in the RSSD project to Woodside Energy (Senegal) BV […]

C&I Leasing Plc  hereby notifies The Nigerian Stock Exchange (The Exchange) and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each or its US$ equivalent in C&I Leasing Plc by Peace […]

After a decade of meritorious service as pioneer Chief Executive Officer of a reputable Indigenious Exploration and Production company with global expertise, Mr Austin Avuru has honorably exchanged an experienced loaded baton to Roger Brown as the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc. Mr Brown is expected to lead the […]

INEOS, one of the world’s largest manufacturing companies, has today completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business. The businesses […]

Savannah Energy the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that its Accugas subsidiary has entered into a revised gas sales agreement (“GSA”) on favourable terms with Lafarge Africa PLC, part of the LafargeHolcim Group, for the supply of gas to its Mfamosing […]

ReconAfrica announced a highly anticipated operations update, confirming that it has spudded the high impact 6-2 exploration well on the Company’s Petroleum Exploration License 73 (PEL) in Namibia. The well is the first of three planned exploration wells to evaluate the presence of an active conventional system in the Kavango Basin. While geochemical work and […]

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse effects of COVID-19 Pandemic and loss of contracts due to low oil price. The Executive Secretary of NCDMB, […]