Wood Energy said it has delivered crude oil production of 22.3 MMboe, down 1% from Q4 2021. According to the company’s first quarter report for period ended 31 march 2022 it has delivered sales volume of 25.5 MMboe, including a 2% increase in produced LNG sales volume from Q4 2021.  The average realised price increased […]

 French oil major TotalEnergies has been given more time to pay Petrobras for its 22.5 percent share in the Atapu offshore oil field. The Atapu block was acquired by the consortium composed of Petrobras which holds a 52.5 percent stake, Shell which holds 25 percent, and the remaining 22.5 percent is held by TotalEnergies. The […]

The Board of Directors of Seplat Energy Plc a Nigeria indigenous exploration and production company had  announced the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive Director. The three appointees will be joining the Seplat Board with […]

BUTEC based in UAE, a leading contracting group in the MENA and GCC regions, has recently completed the takeover of 17 Energy Services companies in Africa previously owned by the energy global player, ENGIE Group. The acquisition process was completed on the 31st of March 2022, following the initial agreement signed on the 16th of […]

BW Energy has decided to proceed with the Maromba development project offshore Brazil and signed an agreement to purchase the FPSO Polvo from BW Offshore. The FPSO will be upgraded and redeployed on the field. The development plan is based on an initial drilling campaign of three wells with planned first oil in 2025 and a second campaign with a further three wells in 2027. The investment decision is subject to certain conditions precedent, including completion of the project financing. Unlocking material production “We […]

Russian energy giant Lukoil, has announced the resignation of the Company’s President and member of the Board of Directors VagitAlekperov. VagitAlekperov has resigned as CEO and as a member of the board of directors. VagitAlekperov was a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC and his resignation […]

PETRONAS has disclosed that its subsidiary PC Ketapang has achieved its first hydrocarbon in the successful drilling of the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, offshore East Java, Indonesia.  The BTJTB-T2 well was spudded on 30 September 2021 and drilled with a target depth of 1,890 metres. This milestone is part […]

Noble Corporation and Maersk Drilling have said that the ongoing merger control process for the business combination announced on 10 November 2021 at this point in time, has been unconditionally approved by the competition authorities in Brazil, Norway, and the Republic of Trinidad & Tobago. Noble Corporation and Maersk Drilling merger is coming barely one […]

Further to the announcements of 7 April 2022 and  10 August 2021 United Oil & Gas PLC  has announced that the sale of 100% of the share capital of UOG Italia Srl to PXOG Marshall Limited, a subsidiary of Prospex Energy PLC for a consideration of 2,164,701  has now completed, having received the final approvals from the […]

The Gabonese authorities have decided for the 2022 financial year to allocate financing of 2 billion FCFA to the company AsonhaÉnergie, a project company owned 60% and 40% respectively by Meridiam and Gabon Power Company (GPC) to develop the Kinguelé dam. In the official journal which gives this information, it is indicated that this financing […]