The Honorable Minister of State for Petroleum Resources (Gas) Hon. Ekperikpe Ekpo has described the 7th edition of the Nigeria International Energy Summit (NIES 2024) as highly esteemed gathering of energy stakeholders by providing a crucial platform for the exchange of ideas and strategies that will shape the future of our nation’s energy sector. With […]

The National Agency of Petroleum, Gas and Biofuels (ANPG) have finally disclosed the selected preferred bidders of the country 2023 onshore licensing bid round. The agency in its capacity as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola and acting as National […]

Rex International, a technology-driven oil exploration and production company, today announced that Akrake Petroleum SA, a wholly-owned subsidiary of Porto Novo Resources Ltd, Rex’s 70 per cent-owned indirect joint venture company, has signed a production sharing contract (“PSC”) for operatorship and a 76 per cent working interest in Block 1, Sèmè Field in Benin, West […]

The Republic of Congo Tango FLNG will produce its first LNG cargo by the first quarter of 2024. This milestone achievement is following the recent Eni announcement that it will be introducing first gas into the Tango Floating Liquefied Natural Gas (FLNG) facility which is currently moored in Congolese waters. This great feat has placed Republic of Congo on the list of LNG-producing countries. Gas introduction […]

ExxonMobil started production this week at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. Company’s third FPSO, Prosperity, starts up ahead of schedule and will add 220,000 barrels of oil per day Nearly 6,000 Guyanese support ExxonMobil activities The Prosperity floating, […]

Kosmos Energy announced  its financial and operating results for the third quarter of 2023. For the quarter, the Company generated a net income of $85 million, or $0.18 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net income(1) of $126 million, or $0.26 per […]

The Nigerian National Petroleum Company (NNPC) Ltd. has in 78th UNGA signed up as a participant of the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. In a short ceremony on the sidelines of His Excellency, President Bola Ahmed Tinubu’s session during the Global Africa Business Initiative […]

Angola, Namibia to replicate funding model The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the  Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with BoI to attract oil and gas equipment manufacturers to […]

The work scope will include specific maintenance of crane and lifting equipment, and onshore and offshore parts supply for three offshore sectors which include Likouf and Nkossa. The agreement also includes riser pulling systems, mooring and tensioning systems. EnerMech has established a new entity, EnerMech Congo, to carry out the work and has sub-contracted a […]

All is set for construction of energy transition hub in Congo – the Oyo Centre of Excellence for Renewable and Energy Efficiency. Eni has on April 22, 2023 inaugurated the energy transition for development and research hub, in the Republic of Congo. The event took place at the presence of the President of the Republic […]