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 […]

Kosmos Energy said that together with its partners it hassigned an LNG supply deal with BP Gas Marketing for volumes from Phase 1 of the Greater Tortue A h m e y i m p r o j e c t . U n d e r t h e agreement with BP’s unit, the […]

Kosmos Energy has announced that total 1P reserves at year end 2019 were approximately 169 million barrels of oil equivalent (MMBoe) and 2P reserves were approximately 552 MMBoe. In addition, following the recent signing of the Sale and Purchase Agreement (SPA) for the Phase 1 LNG off take of the Greater Tortue Ahmeyim project, Kosmos […]

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 […]

quatorial Guinea’s Minister of EMines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, has announced that U.S oil major ExxonMobil plans to sell its oil assets in Equatorial Guinea, including its operating stake in the Zafiro oilfield, which currently produces 90,000 barrels a day. The oil company is planning to sell the stake in Equatorial Guinea […]

ADM Energy, an exploration and production company has reinvigorated its investment interest in Nigeria oilfield Sector. The Company Presently holds an operating interest in OML 113, offshore Nigeria, which contains the Aje field, has listed its future investment strategy for a larger portfolio of projects across Nigeria and West Africa in 2020 and beyond. The […]

ADM Energy plc an oil and gas investing company quoted on AIM, announces its unaudited half-yearly results for the six months ended 30 June 2019. The Aje Field, is part of OML 113, in which ADM Energy holds a 5% equity investment Oil production in Aje fields is at a broadly stable rate from two […]

Seplat Petroleum Development agreed to buy Eland Oil & Gas, adding resources in Nigeria as it seeks to become the country’s biggest independent exploration and production company. The acquisition of Eland, whose main asset is the OML 40 license in the Niger Delta, is set to boost Seplat’s production to 64,000 barrels of oil equivalent […]