Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low-emission jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig will move to the Tambar field offshore Norway to drill the K-2B development well, with work expected to commence in […]

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary General; Professor Jonas Puck, the Academic Director of the Executive Academy at the Vienna University of Economics and Business which sponsored the event; Member Country representatives; and Members of Management from the OPEC Secretariat. The 2020 ASB provides a wide range of data on the […]

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said. The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations […]

In response to the current global COVID-19 pandemic and the associated crash in the price of oil, the African Energy Chamber (AEC) and the IAGC have proposed a number of mitigating measures on behalf of the oil and gas industry. These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile […]

London (Bloomberg) – Tullow Oil and Total are process to sell part of their stakes in oil discoveries in Kenya. According to familiar source, the French energy giant is planning to sell half of its 25% stake in the fields, said one of the people. Tullow said last year that it planned to reduce its […]

OILSERV a leading indigenous EPC Nigeria company with global presence has finally commenced the nation’s Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline project. The company has been awarded the engineering, procurement, construction, installation, testing, and commissioning of the first segment of the 614 km x 40-Inch Gas pipeline, which expanses from Ajaokuta to a mid-way between Abuja and […]

Savannah Petroleum has recently disclosed that it wouldc o n s i d e r  oil and  gas acquisitions in Nigeria with utmost priority, describing a purchase completed late last year as just warm up for further expansion. Savannah Petroleum recent purchase of Seven Energy International’s Nigerian gas assets, sub-Sahara Africa’s largest gas infrastructure and […]

The LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that, further to the Company’s announcement on 13 January 2020, it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the Company’s financial and operational obligations […]

ADM Energy, an exploration and production company has concluded in increasing its investment interest in the Aje oil field offshore Nigeria. The company disclosed that it had reached an agreement with EER, a partner in the block to acquire a participating interest of 2.25% from EER in oil mining lease no. 113, in which it […]

TechnipFMC an EPC company has been awarded a front end engineering design (FEED) contract for the development of the offshore IM gas condensate field at Etinde by Cameroon government. The Etinde Permit a formerly Block 7 lies in shallow water in the Rio del Rey Basin, offshore Cameroon, and comprises four proven reservoir intervals within […]