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OPEC+ Oil-Supply Hike a tale-tell-sign towards economic

OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Before meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are […]

Oilfield Africa - Tuesday April 6, 2021
Tailwind Energy Ltd to acquire Decipher Energy Limited

Tailwind Energy has announced the acquisition of Decipher Energy Limited. This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio. The transaction is subject to statutory regulatory and government approvals. Tailwind is a privately owned, next generation oil and […]

Oilfield Africa - Tuesday April 6, 2021
Zephyr Energy Seals Acquisition in the Bakken Formation, North Dakota USA

Zephyr Energy, the Rocky Mountain oil and Gas Company, today announced the completion of its acquisition of non-operated working interests in currently producing and near-term production wells in the Bakken Formation, North Dakota, USA. All conditions of the Acquisition were satisfied yesterday, including the transfer of title of the Bakken Interests to Zephyr and the […]

Oilfield Africa - Saturday April 3, 2021
Cenovus and Husky Energy form one unified entity.

Cenovus Energy Inc has announced that effective March 31, 2021, its wholly owned subsidiary Husky Energy Inc. has been amalgamated with Cenovus under the provisions of the Canada Business Corporations Act. The company will continue to operate as Cenovus Energy Inc. As a result of the amalgamation, Husky will no longer be required to file reports […]

Oilfield Africa - Saturday April 3, 2021
Neptune acquires Wintershall Dea. oil & gas fields interests in German

Neptune Energy has announced that it has completed the acquisition of interests in several oil and gas fields in Emsland and the Grafschaft Bentheim region of Germany from Wintershall Dea. The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oil fields. It […]

Oilfield Africa - Saturday April 3, 2021
Romgaz acquires 100% shares of ExxonMobil Exploration and Production Black sea Assets

Taking into account the letter sent by ExxonMobil Upstream Business Development, on February 15, 2021, providing that, the deadline for buyers to submit the binding offer is March 31, 2021, S.N.G.N. Romgaz S.A. Board of Directors endorsed on March 30, 2021 the binding offer to acquire all shares (representing 100% of the share capital) issued […]

Oilfield Africa - Saturday April 3, 2021
CGG wins Three seismic Imaging Projects by BP

CGG is listed on the Euronext Paris SA has been awarded three major seismic imaging projects by BP, two from the deepwater Gulf of Mexico and one from offshore Trinidad & Tobago. These projects will start in Q1/Q2 this year and complete with cloud delivery of the data no later than Q4 of 2021. Utilizing […]

Oilfield Africa - Saturday April 3, 2021
Equinor is committed in improving total safety measures in its LNG facilities

Equinor experienced several serious incidents throughout the year, but also achieved a reduction in the number of serious incidents and personal injuries in 2020 compared to the previous year. The results support a good trend in safety performance during the last decade, but also demonstrate the need to further improve our safety work. “Fires and […]

Oilfield Africa - Thursday April 1, 2021
Nigeria SHELL, UNIPORT Inaugurate ARET Adams Chair for Petroleum Engineering

Nigeria’s leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC Joint Venture, and the University of Port Harcourt in Rivers State have appointed Sunday Ikiensikimama, a professor of Petroleum and Gas Engineering, on a four-year term to the SPDC JV Aret Adams Professorial Chair in Petroleum Engineering at […]

Oilfield Africa - Wednesday March 31, 2021
PGNiG Acquires INEOS Norwegian oil and gas business for $615m

INEOS Energy has announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway AS for a consideration of $615 million.  The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf. INEOS E&P Norge AS produces around 33,000 BOE […]

Oilfield Africa - Friday March 26, 2021

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