Africa Oil & Gas

Invictus secures long leads for 2-well drilling campaign at Cabora Bassa, Zimbabwe

01-11-2022 | 08:51:00
Invictus Energy confirmed it has secured the necessary casing, wellheads and ancillary long lead items for a 2-well drilling campaign at Cabora Bassa, Zimbabwe, commencing in May 2022.

PGS starts new MegaSurveyPlus reprocessing in Nigeria

01-11-2022 | 08:32:13
PGS has added 10 700 sq. km of 3D MultiClient data to its data library coverage of the Niger Delta, kick-starting a major reprocessing project. This will be the cornerstone of a new regional-scale MegaSurveyPlus dataset for Nigeria.

Eco (Atlantic) announces strategic acquisition offshore South Africa and Namibia

01-11-2022 | 08:21:00
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, announced it has signed a Memorandum of Understanding to acquire 100% of Azinam, including Azinam's entire offshore asset portfolio.

Eni awarded five exploration licenses in Egypt

01-11-2022 | 08:14:57
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum.

Egyptian Ministry of Petroleum awards Eni five new exploration licenses

01-11-2022 | 08:06:50
Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore.

Dana Gas Egypt collections reach $39 million in December 2021

01-03-2022 | 10:15:00
Dana Gas PJSC has received a payment of $39 million from the Egyptian Government in December to its lowest levels since commencing operations there in 2007.

[Nigeria] NUPRC announces plans to close 2020 marginal oilfield bid

12-30-2021 | 11:59:00
The Nigerian Upstream Petroleum Regulatory Commission has announced plans to complete the 2020 marginal field bid round program in compliance with the Petroleum Industry Act 2021.

APA Corporation to invest $3.5bn in oil exploration in Egypt

12-29-2021 | 10:56:00
The Minister of Petroleum and Mineral Resources has signed an agreement with the Egyptian General Petroleum Corporation and American Apache to invest $3.5bn on exploration, development and production in the concession areas of the Western Desert.

Ghana Oil opens new auto center in Accra

12-28-2021 | 11:51:00
Ghana Oil Company (GOIL) has unveiled its latest one-stop shop Auto and Lube centre in its Dahwenya station, located in the Greater Accra region of Ghana.

Nigeria targets $62bn oil price in 2022 budget

12-27-2021 | 12:07:03
Nigeria's parliament Dec. 22 approved a Naira 17.126 trillion ($38 billion) budget for 2022, anchored on an oil price benchmark of $62b.

Egypt signs $1bn oil exploration deal with Italy’s Eni

12-27-2021 | 10:28:00
Egyptian General Petroleum Corporation has signed a $1 billion agreement with the Italian energy company Eni, for oil exploration in the Gulf of Suez and Nile Delta region in Egypt.

SDX Energy completes drilling at MSD-21 well at West Gharib concession, Egypt

12-23-2021 | 12:16:00
SDX Energy, the MENA-focused energy company, announced the completion of drilling at the MSD-21 infill development well on the Meseda field in its West Gharib concession, Egypt, where SDX has 50% working interest.

TransGlobe announces ratification of consolidated and amended Eastern Desert Production Sharing Contracts in Egypt

12-22-2021 | 13:18:35
TransGlobe Energy announced it received notification that its agreement with the Egyptian General Petroleum Corporation (EGPC) to merge, amend and extend its three existing Eastern Desert concessions, has been ratified into Egyptian Law.

Maersk Drilling launches Horizon56 to drive digitalisation of the industry

12-21-2021 | 08:01:52
For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalisation of offshore drilling processes. The solution, known as RigFlow, has now been segregated.

Sirius Petroleum executes MSA with Baker Hughes relating to OML 65 development onshore Nigeria

12-20-2021 | 12:41:24
Sirius, the Africa focused oil & gas production and development company announced it has executed a legally binding Master Services Agreement (MSA) with Baker Hughes relating to the development of OML 65 onshore Nigeria.

Global oil and gas investments to hit $628 billion in 2022 led by upstream gas and LNG, Rystad Energy

01-12-2022 | 09:08:00
Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant.

[Column] NJ Ayuk: Why we need African energy banks now

01-05-2022 | 14:20:59
For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry.

[Column] NJ Ayuk: Developing marginal oil fields is more important than ever for Africa

12-22-2021 | 16:35:40
Nigerian energy-industry leaders have been reminiscing lately about the country’s earliest efforts to develop marginal oil and gas fields.

[Column] NJ Ayuk: Oilfield services companies represent important opportunities for Africa’s energy sector in 2022

12-03-2021 | 07:09:43
Oil and gas in Africa especially the central African region is just starting to hit its stride, OPEC Secretary General H.E. Mohammed Barkindo, told a meeting of major oil companies a few months ago, and the future is especially bright in sub-Saharan Africa.

[Column] NJ Ayuk: Energy transition must be guided by reason, not panic

11-25-2021 | 11:00:00
Increasingly this year, African oil- and gas-producing nations are being told that protecting the planet from climate change will come at the cost of their petroleum industries.

[Colum] Gabriel Mbaga Obiang Lima: This is not the time to halt natural gas production in Equatorial Guinea

11-08-2021 | 12:51:37
Since Ireland in 2018 became the first country to say it would divest entirely from fossil fuels, governments, activists, and agencies worldwide have begun reciting the same rallying cry: ban all financing on hydrocarbons development and production.

[Column] NJ Ayuk: Gas to power: An opportunity that Africa can't toss away after COP26

11-05-2021 | 07:12:00
With dire warnings about the impending dangers of climate change clouding the headlines on a daily basis, energy transition from fossil fuels to renewables is a hot topic.

[Column] NJ Ayuk: What does international oil companies’ divestiture mean for Africa?

10-29-2021 | 09:53:02
With the growing demands from Western environmental campaigns to curb petroleum production as part of a journey to net-zero carbon emissions, the pressure is on international oil companies (IOCs) to cease exploration and production activities in Africa.

How the African Continental Free Trade Agreement is scaling up local content initiatives in Nigeria

09-29-2021 | 09:26:56
With industries such as energy, manufacturing, agriculture and mining contributing significantly to GDP, all of which are expected to grow exponentially with the increase in technology and investment, the country is well on its way to become a multi-sector giant.

[Column] Charné Hundermark: MSGBC natural gas to accelerate regional economic growth, position Africa as a global competitor

09-01-2021 | 15:42:00
The MSGBC region, covering Mauritania, Senegal, Gambia, Guinea Bissau, and Guinea Conakry, unlike other high production markets in West and Northern Africa, has seen relatively small-scale energy sector developments since the early 2000s.

[Column] NJ Ayuk: Oil and Gas industry and green advocates have a duty to make energy poverty history in Africa

08-11-2021 | 09:54:24
Many in Africa, including the African Energy Chamber, recommend a multi-pronged approach to addressing energy poverty, one that harnesses both renewable energy sources and fossil fuels.

[Column] Verner Ayukegba: Angola's oil and gas industry provides huge opportunities for investors despite energy transition

07-13-2021 | 10:42:31
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers. It is for that reason, that the country is host to all major International Oil Companies.

[Column] Grace Goodrich: Equatorial Guinea models success of U.S. investment in African gas

07-02-2021 | 09:01:42
The African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition.

Driving Africa’s energy future with the African Continental Free Trade Area agreement

07-01-2021 | 08:07:07
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.

[Column] Duggan Flanakin: Cape Town and Dubai battle over Africa’s energy future

06-25-2021 | 07:28:32
The Cancel Fossil Fuels movement is currently being led by the International Energy Agency, which recently declared that all oil and gas exploration must cease immediately in order to achieve compliance with the Paris climate accords – and save the world from the mythical fires of hell on Earth.