Mele Kyari asserted. LEKOIL the oil and gas exploration and development company with a focus on West Africa, announces the signing of a new US$11.5 million debt facility. LEKOIL Oil & Gas Investments Limited, a wholly owned subsidiary of LEKOIL Nigeria Limited, has signed an agreement for a new US$11.5 million debt facility with FBNQuest […]

Sonadrill Holding Ltd., Seadrill Ltd.’s 50:50 joint venture with an affiliate of Sonangol E.P., has secured a nine-well contract offshore Angola for the drillship Libongos. The contract includes six one-well options. The estimated total tract value is $101 million with commencement expected in late 3Q 2019 and running to early 2021. The Libongos is the […]

RusselSmith, a Nigeria-based oilfield services provider, has chosen Saa Seaeye’s Cougar XT electric underwater robotic vehicle to boost its ROV fleet. “The Cougar is an ideal choice,” said RusselSmith CEO, Kayode Adeleke. “It is a powerful, highly manoeuvrable and capable ROV and we believe it will add a lot of value to our subsea operations.” […]

TOTAL Exploration and Production Nigeria Limited (TEPNG) has restated its commitment towards achieving 100 percent local content benchmark in projects delivery. The company expressed this assertion at the Saipem Contracting construction yard during the first steel cutting on the French oil giant’s Ikike Project in Nigeria. The project which is expected to generate 3000 jobs, […]

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector. By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will focus on specific prospects with […]

French Oil giant Total is set to spud Venus well the continent’s largest ever prospects off Namibia next year. Phil Birch, exploration director of block partner Impact Oil & Gas, said at the Africa Oil Week conference in Cape Town. that the oil giant will by next year spud an ultra-deepwater Venus prospect in Block […]

The Nigerian power sector regulator- Nigerian Electricity Regulatory Commission (NERC) has granted Green Energy International Ltd (GEIL), the Operator of the Otakikpo Marginal field an embedded Licence for forty Megawatts of electricity (40 MW) power plant.This is sequel to the company’s application for the power generation Licence for the company to utilize it’s gas resources […]

A(AGEL), the operator of the Ubima Marginal Field, OML 17 has commenced production and extended well test programme from the Nigerian onshore field. This is Sequel to triumphant re-entry, work over and completion of Ubima-01 well, The ground breaking event was observed by company’s top management and major stakeholders who gathered to usher in a […]

Green Energy International Limited, operator of the Otakikpo marginal field in Oil Mining Lease 11 in Rivers State has announced the signing of a $ 3 5 0 m M e m o r a n d u m o f Understanding with a consortium of international companies for the development of the marginal field […]