…Calls for Collaboration to Reduce Production Cost In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.  Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this in a keynote address at the opening […]

TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%). The transaction is subject to final approvals from relevant authorities. Located within an […]

ARA Petroleum has disclosed that the Ministry of Energy in Tanzania (TPDC) has granted the company a 25-year Development Licence over the Ntorya gas discovery area to the Ruvuma joint venture. The gas development grant is sequel to the Field Development Plan (FDP) for the Ntorya area which has been submitted and approved by TPDC. […]

Chariot Limited, the Africa focused transitional energy group, is pleased to announce the results from the drilling of the OBA-1 well on the Dartois prospect, the second of a two well drilling campaign, in the Loukos Onshore licence onshore Morocco (Chariot, Operator 75%, ONHYM, 25%). OBA-1 well was safely and efficiently drilled, on time and […]

Halliburton Company has been awarded a deep water integrated multi-well construction contract by Rhino Resources Ltd., a private company engaged in both onshore and offshore energy exploration in Africa. Under this agreement, Halliburton will provide complete solutions to construct exploration and appraisal wells, along with testing services. Halliburton will also extend its country operation facilities […]

LONDON, April 11 (Reuters) – OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024, highlighting an unusually large gap between predictions of oil demand strength. The Organization of the Petroleum Exporting Countries, in a monthly report, said world […]

Following the Executive Order by President Bola Ahmed Tinubu GCFR, the Honourable Minister of State for Petroleum Resources (Oil) and the Honourable Minister of State for Petroleum Resources (Gas) will be delivering the Ministerial Addresses at the 23rd annual NOG Energy Week 2024 to shed light on the government’s strategies for strengthening Nigeria’s energy sector. […]

Chariot Limited the Africa focused transitional energy group, has announced receipt of all necessary Moroccan governmental and regulatory approvals as the company sealed Partnership Agreements with Energean plc group as  previously disclosed on 7 December 2023. Based on the aboved sealed partnership agreement, Energean is now holds 45% and 37.5% of the respective interests in, […]

The Nigerian National Petroleum Company Retail Limited a petroleum distribution and retailing downstream arm of NNPCL Group has signed a strategic partnership agreement with Azikel Petroleum Limited in the area Petroleum Products Sales and Purchase Agreement. The ground breaking ceremony is an healthy development for the downstream sector of the Nigerian oil and gas industry […]

Eni has announced the closing for the sale to Perenco of Eni participation interest in several upstream permits in Republic of the Congo, non-core to the Company strategy in the Country, after having obtained the approval of relevant authorities. The transaction is consistent with Eni’s strategy to focus its Upstream activities on major developments. Eni […]