Africa Energy Corp. an oil and gas exploration company, has announced financial and operating results for the three and six months ended June 30, 2023. OUTLOOK The Block 11B/12B1 joint venture has applied for the Production Right and is contemplating an early production system (“EPS”) for a phased development of the Paddavissie Fairway. The EPS would provide first […]

Neptune Energy has declared its financial results for the six months ended 30 June 2023. The company half year operation and the financial report is coming barely months after Neptune announced the Signing of a sale and purchase agreement with Eni International BV to acquire Neptune Energy Group Limited, with Vår Energi ASA simultaneously signing […]

(YENAGOA Reuters) – Nigeria LNG said on Wednesday the force majeure it declared in October due to widespread flooding that disrupted supply is continuing. Force majeure refers to unexpected external circumstances that prevent a party to a contract from meeting obligations “The force majeure still subsists as the unavailability of upstream gas suppliers’ major liquids […]

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has handed over the leased site at the Continental Shipyard Limited (CSL) of the Nigerian Ports Authority to the technical partners, Melsmore. The technical partners are to liaise with the Management of the Nigerian Ports Authority in finalising site management, which include risk assessment […]

Baker Hughes an energy technology company, announced Tuesday a memorandum of understanding (MoU) with airport management and operations company Avports to develop, implement and operate onsite microgrid solutions for the airport industry. The collaboration agreement addresses emissions reduction and the global industry’s goal to focus on zero-emission buildings, horizontal airport infrastructure, vehicles and aircraft systems. […]

  Chevron Corporation a world leading integrated energy companies has announced that it has finalized the acquisition of PDC Energy, Inc. this following the approval by PDC Energy shareholders on the acquisition deal.  “We’re pleased to welcome PDC Energy into Chevron,” said Bruce Niemeyer, Chevron’s president for Americas Exploration & Production. “Our companies have similar […]

A proposed mega joint venture between SLB, Subsea7 and Aker Solutions cleared regulatory review and is moving toward a Q4 2023 closing has been secured. The joint venture is planned as a milestone in subsea production economics by helping customers unlock reserves, reduce time to first oil, lower development costs and achieve decarbonization goals. The […]

Azule Energy has awarded Aker Solutions a fresh major contract to provide subsea umbilicals for the Ndungu project in Angola. The contract which includes delivery of eight infield umbilicals including spares totalling over 25 kilometers in length according to Aker Solutions is quite a sizeable contract and will cost between NOK 0.5 billion and NOK 1.5 […]

TGS-Petrodata said it has secured a Petroleum Exploration License (PEL) with support from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the commencement of the Awele South 3D multi-client survey offshore Nigeria. This project was previously announced at the TGS Capital Markets Day on 7 March 2023. “TGS-Petrodata has an extensive multi-client data library in […]

In addition to the recent Bonga contract extension in Nigeria, Valaris said that the company has been awarded a 12-well contract offshore West Africa for drillship VALARIS DS-7, which will be reactivated for this contract. The Company also announced that it is increasing its 2023 share repurchase target from $150 million to $200 million. The […]