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Chevron Commits $300 million Toward Low-Carbon Technology Investments

Chevron Technology Ventures (CTV) has announced the launch of its $300-million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all. With the first Future Energy Fund launched in 2018, CTV invested in more than 10 companies with more than 150 other investors to support […]

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Algeria Hydrocarbons law to be passed soon, Appoints new Energy Minister

Politically volatile and fiscally challenged Algeria has replaced its energy minister again, in yet another cabinet shuffle, putting familiar face Mohamed Arkab back in charge of the OPEC member’s stagnating oil and gas portfolio. Arkab replaces Abdelmadjid Attar, the former Sonatrach CEO who had been named to the post just last June, supplanting Arkab, who […]

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Tullow divests US$180 million of assets in West Africa to Panoro

Tullow Oil plc (Tullow) is pleased to announce that it has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction). Rahul Dhir, Chief Executive Officer of Tullow, and Les Wood, Chief Financial Officer, will […]

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Egypt: Zenith enters new acquisitions agreement for MENA region

Zenith Energy has announced that it has entered into a cooperation agreement with Fleet Oil & Gas, privately owned Oil and Gas Company led by the former Egyptian Petroleum Minister, His Excellency Eng. Mahmoud Latif Amer based in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the cooperation agreement is to jointly identity, […]

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NIGERIA: INVITATION TO TENDER (“ITT”) FOR THE 2021 – 2022 DIRECT SALE OF CRUDE OIL AND DIRECT PURCHASE OF PETROLEUM PRODUCT (DSDP)

1.       INTRODUCTION: Nigerian National Petroleum Corporation (NNPC) is empowered pursuant by the NNPC Act (LFN Cap. 320) to engage in all commercial activities relating to Petroleum Operations. In compliance with the Public Procurement Act 2007 and NNPC’s Policy and Procedures, NNPC intends to engage qualified and credible companies in a Direct Sale of Crude Oil […]

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Specs Done

done deal

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Marking Touch

Touch that are bright

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Impact Acquires 100% Interest in Transkei & Algoa and Tugela South Exploration off South Africa

Impact Oil & Gas Limited, a privately-owned, African-focused, exploration company, has announced that its wholly-owned subsidiary, Impact Africa Ltd, has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa, on a 100% operated basis. ExxonMobil Exploration and Production […]

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Impact Oil & Gas in for Area 2 Farm-in Agreement with Silver Wave Energy off South Africa

Impact Oil & Gas Limited, a privately-owned, African-focused, exploration company, is pleased to announce that its wholly-owned subsidiary, Impact Africa Ltd, has entered into an agreement with Silver Wave Energy Pte Ltd for the farm-in of a 90% working interest and operatorship of Area 2, offshore South Africa (Exploration Right reference 12/3/276). Under the terms […]

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Hurricane Closes 92% of Gulf of Mexico Oil Output in Biggest Shutdown in 15 Years

…….As crude oil price rallies A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output MarineLink reported. An already large and powerful storm, Delta could intensify further on Friday as it churns through […]

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