Petrobras signed, after negotiation with its partners in the BM-S-11 Consortium, Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%), commitment to purchase the P-71 platform, subject to previous conditions related to milestones in the physical advancement of the unit. It was also agreed to develop a new Development Plan (PD) for the Tupi […]

Eunisell Production Solutions has pioneered a new business model, enabling NOCs to realise their development goals and bring their fields up to optimum operating potential, without relying on external investment.  The delay between when the blocks are awarded and when development commences is a tangible concern for any investor or financial institution. Obstacles to the […]

Eni has been confirmed today, for the third year, as a Global Compact LEAD participant, in a sign of its ongoing commitment to the United Nations Principles for responsible business. Eni was identified as being among the most highly-engaged participants of the world’s largest corporate sustainability initiative. LEAD is a platform for highly-engaged participants in […]

Zenith Energy Ltd, the listed international oil & gas Production Company focused on pursuing African development opportunities, is pleased to announce that it’s wholly owned subsidiary Zenith Energy Netherlands B.V.  has signed a conditional sale and purchase agreement(SPA) with CNPC International (Tunisia) Ltd., a 100% subsidiary of CNPCI, CNPC International Ltd., for the acquisition of a working interest in, inter alia, the […]

Polarcus Limited a global focused geophysical company that operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities,has announced the award of an XArray™ 3D marine seismic acquisition project in West Africa. The XArray™ 3D marine seismic acquisition project is expected to commencce in October 2020 with duration of approximately 2 […]

LEKOIL an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia has termed the company’s operation in 2019 as a pivotal year. Operational Highlights Otakikpo *Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) *Updated Competent Person’s Reports announcing a significant upgrade to 2P oil reserves […]

Africa Oil has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime says it has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. The Company has […]

Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well. The contract has an estimated duration of 85 […]

Australian firm Woodside has moved to corner the purchase of Cairn Energy’s 40% stake in the Sangomar project off Senegal out from under the nose of Russian firm Lukoil. Lukoil is a Russian major exploration and production company with headquarter in Moscow has last month struck a deal to buy Scottish firm Cairn’s entire interest […]

Neptune Energy and its partners has announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year. The volumes are estimated to be in the range of 6.3 – 19.0 million standard cubic meters (MSm3) of recoverable oil […]