African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking at the opening of the South […]

Waldorf Production has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of MOL Hungarian Oil and Gas Plc (MOL) for the acquisition of certain of MOL’s UK subsidiaries comprising their entire UKCS business. The key UKCS assets being acquired include non-operated interests of 20% in the Greater Catcher Area (GCA), […]

FAR Limited, an independent, Africa focused, oil and gas exploration company, advises that Catherine Norman has been given notice of termination from her role as Managing Director, effective immediately and has resigned as a director of the Company. Independent Chairman Patrick O’Connor will oversee the business during a period of transition. With more than three […]

PTT Exploration and Production Public Company Limited (PTTEP), through its subsidiary, PTTEP HKO, and its partner, SapuraOMV, have been awarded the exploration Block SB412, off the northwest coast of Sabah, by PETRONAS. This award is an outcome of the partnership’s successful bidding in the Malaysia Bid Round (MBR) 2021 that was hosted by the Malaysia […]

After the serious and unfounded accusations of “complicity in war crimes” leveled against TotalEnergies, the Company shares with its stakeholders its principles of conduct regarding its Russian related businesses in order to allow them understand how our Company is acting in a responsible manner. Considering the worsening conflict, TotalEnergies is also taking new steps.  TotalEnergies […]

ExxonMobil said today that Dan Ammann, former General Motors president and CEO of Cruise autonomous vehicle company, has been appointed president of ExxonMobil Low Carbon Solutions, effective May 1. Ammann replaces Joe Blommaert, who has elected to retire after 35 years of service.  “We welcome Dan to ExxonMobil and will use his knowledge and experience […]

Following the announcement on November 30 2021, with respect to the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). MC and NYK have acquired a respective 25% and […]

First ever pipe-in-pipe flowline for production in India as part of ONGC’s KG-DWN 98/2 project Deploying more than 2,000 crew members, McDermott successfully navigated both the challenges of COVID-19 and an active monsoon season to deliver a gas field, known as the U-Field, for ONGC’s KG-DWN 98/2 Block project. “Completing this season of the Bay […]

Panoro Energy ASA has appointment the new Country Managers to pilot the African affairs of the company. These reasoned technocrats include; Sofiane Gaied, who joined Panoro as Country Manager Tunisia in 2018, Ghislain Boukoubi has been appointed as Country Manager Gabon, and Antonino Edjang Ondo has been also appointed as Country Manager Equatorial Guinea. Panoro’s […]

As part of its commitment to empowering more Nigerians, stimulating economic activities, and widening the broadband envelope in Africa with affordable broadband connectivity, West Africa’s pioneer solar-based internet service provider, Tizeti, has partnered with Microsoft Corp. to roll out high-speed Airband internet infrastructure in Oyo State. With forty percent broadband penetration in December 2021, millions […]