30-10-2014 23:52:00 | by: Administrator | hits: 30956512 | Tags:

Global natural gas liquid market to reach $28.5 billion by 2030, report
27-09-2022 | 11:24:31
Natural Gas Liquids (NGLs) are those hydrocarbons in natural gas that are separated from the gas as liquids through various processes and the products thus obtained are majorly ethane, propane, butanes, pentane and pentane plus.
Invictus Energy spuds maiden Cabora Bassa oil and gas exploration well in Zimbabwe
26-09-2022 | 10:22:02
Invictus Energy announced that drilling of its 80% owned and operated Cabora Bassa project in Zimbabwe at the Mukuyu-1 exploration well in SG 4571 has commenced.
ECOWAS, Nigeria and Morocco sign MoU for a gas pipeline megaproject
23-09-2022 | 13:57:00
A gas pipeline megaproject Memorandum of Understanding (Mou) has been signed between ECOWAS, Nigeria and the Kingdom of Morocco.
ReconAfrica acquires half of NAMCOR’s interest in PEL 73 exploration licence onshore Namibia
23-09-2022 | 12:35:00
ReconAfrica has entered into a definitive purchase and sale agreement with its partner, NAMCOR, to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence in the Kavango basin, Namibia.
Decklar announces new arrangements for delivery and export of crude oil from Oza Field in Nigeria
20-09-2022 | 12:52:00
Decklar and its co-venturer Millenium, announced that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure crude handling facilities has now been delivered to the Forcados crude oil export terminal.
NNPC Limited signs MoU with Morocco and west African countries for $25 billion gas pipeline
19-09-2022 | 09:41:00
The agreement is set to reinforce European energy security and assist with the sustainable development of West African countries.
Signing of High-Profile agreements and MoUs Herald Conclusion of ACTIF2022
14-09-2022 | 12:59:30
The three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, ended on a high note with the signing of a total of 14 agreements and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean.
Pancontinental relinquishes PEL 37 offshore Namibia, considers bid for new extended Licence
12-09-2022 | 14:16:00
Pancontinental Energy’s 66.67% subsidiary, Pancontinental Namibia (Pancontinental), has decided to withdraw from the process of seeking an extension to the original PEL 37 Licence offshore Namibia.
Afreximbank will attend AEW 2022 to sign deals and forge partnerships
12-09-2022 | 12:33:00
Representing the official partner of AEW 2022,delegation from Afreximbank led by the organization’s Chairman and President, Prof. Benedict Oramah, will be coming to AEW 2022 to lead discussions, sign oil and gas deals, and reshape the narrative on Africa’s energy future.
Le président de la Côte d'Ivoire Alassane Ouattara rencontre le PDG d'Eni Claudio Descalzi
12-09-2022 | 11:12:00
Le président de la Côte d'Ivoire, Alassane Ouattara, a rencontré à Abidjan le PDG d'Eni, Claudio Descalzi, pour discuter de l'avancement des activités de la société dans le pays, des projets futurs et des domaines d'intérêt commun et de collaboration.
[Nigeria] NCDMB, NLNG to deepen partnership on projects, LPG penetration
08-09-2022 | 10:22:02
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects, ensure compliance with Nigerian Content obligations and promote other strategic alliances for the good of the nation’s economy.
RUBiS Energy launched ULTRA TEC advanced fuel technology
08-09-2022 | 09:21:00
RUBiS Energy Rwanda has launched UltraTec advanced fuel technology, an additivized fuel that contains high-performance additives that increase power and fuel economy at no extra cost.
[Column] NJ Ayuk: Could Nigeria’s oil industry be entering a new era?
06-09-2022 | 11:09:00
When Nigeria’s Petroleum Industry Act (PIA) was signed into law in August 2021, I spoke about the positive changes the law would be driving in terms of increased transparency and energy sector productivity.
Invictus raises $25m to fund Mukuyu-1 and Baobab-1 drilling campaign in Zimbabwe
06-09-2022 | 10:01:00
Invictus Energy announced a private placement to raise $25 million at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign in Zimbabwe’s Cabora Bassa Basin.
Caroline Mulwa appointed as OikoCredit Regional Director for Africa
01-09-2022 | 10:49:00
Experienced impact investment professional Caroline Mulwa promoted to Regional Director Africa - Oikocredit
The President of Egypt Abdel Fattah el-Sisi meets Eni CEO Claudio Descalzi
01-09-2022 | 10:26:00
The main issues addressed were the production of natural gas and LNG export, areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr. The company is committed to supporting gas production increase.
L'Algérie et la France se rapprochent d'un accord gazier
01-09-2022 | 09:25:00
La multinationale française ENGIE cherche à conclure un accord avec l'Algérie en vertu duquel le pays d'Afrique du Nord devrait augmenter ses exportations de gaz naturel vers la France.
Namibia and Equatorial Guinea strengthen Energy Relations
01-09-2022 | 08:50:56
A delegation led by Hon. Minister Tom Alweendo is currently in Equatorial Guinea, meeting with high-level industry executives and touring the country’s liquefied natural gas facilities.
NAMCOR to shape investment and Green Hydrogen Dialogue at AEW 2022
01-09-2022 | 08:38:57
The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen.
Italian group Eni aims invest in Libyan gas output
29-08-2022 | 12:36:06
The NOC Chairman, Farhat Omar Bengdara, along with a delegation of NOC’s senior executives, met Eni’s CEO Claudio Descalzi, to discuss Eni's activity in the country and strategic projects.
SONATRACH annonce une découverte à Hassi Illatou, Wilaya d’Adrar
29-08-2022 | 10:33:00
SONATRACH annonce la réalisation d’un résultat positif du forage HASSI ILLATOU EST-1 (LTE-1) réalisé dans la concession Sbâa (wilaya d’Adrar).
Sasol posts strong financial results supported by macroeconomic environment
29-08-2022 | 09:09:19
Sasol delivered a strong set of financial results against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply chain disruptions.
Vice-ministre russe de l’énergie discute du marché du pétrole et du gaz avec la Chambre Africaine de l’énergie
25-08-2022 | 13:24:00
La Chambre africaine de l’énergie a rencontré Pavel Sorokin, premier vice-ministre de l’énergie de la Fédération de Russie, pour discuter de la collaboration énergétique Russie-Afrique et de l’éradication de la pauvreté énergétique en Afrique d’ici 2030.
Russian Deputy Energy Minister Discusses Oil and Gas Market and Energy Transition with African Energy Chamber
25-08-2022 | 13:19:00
The African Energy Chamber met with Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, to discuss Russia-Africa energy collaboration and making energy poverty history in Africa by 2030.
UTM Offshore Limited (UTM) signs MoU to raise $2 billion for the floating liquefied natural gas plant
25-08-2022 | 11:25:07
UTM Group of Companies signed the MoU for the development of the first Floating LNG production plant with Afreximbank, raised an initial sum of $2 billion for the first phase, with a commitment for $3 billion in the second phase.
Side event at AEW 2022 to highlight lucrative Namibian investment opportunities
25-08-2022 | 10:51:18
This year’s edition of AEW 2022 will feature an Invest in Namibia side event, a forum dedicated to emerging investment opportunities across the Namibian energy landscape.
EG LNG to drive gas monetization and optimization dialogue as Silver Sponsor at AEW 2022
25-08-2022 | 09:07:49
EG LNG, the operator of Equatorial Guinea’s Liquefied Natural Gas processing facility, has confirmed its silver sponsorship for the African Energy Week 2022 conference and exhibition in Cape Town this coming October.
[Algérie] : Le secteur des hydrocarbures continuera d’alimenter la croissance en 2022
22-08-2022 | 10:54:00
Rapport de suivi de la situation économique en Algérie, le segment hors-hydrocarbures de l’économie devrait retrouver son niveau prépandémie en 2022, et les soldes extérieurs et budgétaires devraient également afficher une nette amélioration cette année.
[Column] Phumzile Mlambo-Ngcuka: Energy partnerships in Africa must benefit women and children through localization
19-08-2022 | 12:05:00
The upliftment of women and ensuring equality will contribute positively development and growth of countries. Diversified energy sources used together with rich energy reserves could act as a force multiplier for growth, economic upliftment, poverty reduction and improved health.
Overcoming the technical challenges facing Africa’s Oil and Gas future
18-08-2022 | 17:02:00
It is an exciting time for E&P projects in Africa, but in common with global developments they face a series of challenges that need to be addressed to deliver the anticipated results
The Birth of Nigerian National Petroleum Corporation (NNPC) Limited
17-08-2022 | 12:04:00
The Nigerian government made an official announcement confirming the complete transformation of the Nigerian National Petroleum Corporation (NNPC) into NNPC Limited (NNPCL).
Understanding Nigerian oil’s new dawn
17-08-2022 | 11:54:00
The recent passing into law of Nigeria’s Petroleum Industry Act (PIA), and the establishment of the Upstream Petroleum Regulatory Commission (NUPRC), marks the beginning of an exciting new era for the energy sector in Nigeria, West Africa and the continent at large.
Invictus expands Cabora Bassa exploration licence footprint in Zimbabwe
17-08-2022 | 10:09:52
Invictus Energy (Invictus) announced its 80% owned subsidiary Geo Associates, has executed agreement with Sovereign Wealth Fund of Zimbabwe (SWFZ) for assignment of exploration rights to Exclusive Prospecting Orders (EPOs) in Cabora Bassa Basin.
Savannah Energy signs new gas sales agreement with Notore Chemical Industries in Nigeria
16-08-2022 | 10:54:00
Savannah Energy announced that the Company's 80% indirectly owned subsidiary, Accugas, has entered into a new gas sales agreement (GSA) with Notore Chemical Industries (Notore).
The African Business Roundtable welcomes new members to its organization
15-08-2022 | 10:30:00
Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them.
SONATRACH a annoncé trois découvertes
15-08-2022 | 08:00:00
SONATRACH a annoncé d' avoir réalisé trois découvertes, dont deux découvertes de gaz en effort propre et une découverte de pétrole en partenariat avec Eni.
[Column] NJ Ayuk: International energy companies in Angola, Nigeria illustrate importance of creating enabling environments
12-08-2022 | 08:19:00
The joint venture between the Angolan businesses of UK oil major BP and Italian multinational Eni, finalized in early August, is big news in every sense.
First Gas introduced at Tinrhert Field Development project in Algeria
11-08-2022 | 14:12:00
A major milestone has been achieved in the delivery of Sonatrach’s Tinrhert Field Development Project in Algeria, with the safe introduction of the first hydrocarbons for the start-up of production.
Seplat begins commercial operation of 67km Amukpe-Escrabos pipeline
08-08-2022 | 10:43:00
Nigerian independent oil and gas company, Seplat Energy, has announced the commencement of commercial injection of crude oil through the 67km Amukpe-Escrabos Pipeline, linking two points in the Niger Delta.
Eni details the main outcomes and opportunities in the human rights field in its new report
08-08-2022 | 08:18:00
Eni publishes Eni for Human Rights 2021, the annual report that accounts the company’s approach to the matter, taking stock of the relevant outcomes, challenges and opportunities in terms of respect for human rights.
EXMAR vend une unité flottante de liquéfaction à Eni
08-08-2022 | 08:07:00
Eni informe qu'elle a acquis la société Export Tango LNG Ltd, propriétaire de l'installation flottante de liquéfaction Tango FLNG, auprès du groupe Exmar dans la République du Congo.
[Column] NJ Ayuk: The role of Algeria, Egypt and Nigeria in Africa’s search for European gas market share
05-08-2022 | 10:51:00
This search has drawn attention to a number of African gas projects that are likely to help Europe in the future, particularly as the EU looks to make a permanent shift away from dependence on Russian gas.
Rystad Energy becomes official partner of MSGBC Oil, Gas & Power 2022
05-08-2022 | 08:53:14
Global financiers and both public and private sector executives meet in Dakar for the MSGBC Oil, Gas & Power conference, Energy Capital & Power (ECP) is proud to announce that it has partnered with multinational energy market research firm Rystad Energy for the regionally focused event.
Azule Energy, Angola’s new largest independent oil and gas producer, begins operations
04-08-2022 | 14:03:00
bp and Eni confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.
[Nigeria] NCDMB, SPE to deepen partnership on local oil and gas content
03-08-2022 | 11:16:36
The Nigerian Content Development and Monitoring Board (NCDMB) has promised to deepen its collaboration with the Society of Petroleum Engineers (SPE) towards domesticating the technologies that are currently deployed to operate the energy industry.
Angola partners with AFC in new growth phase to boost value from commodity exports
03-08-2022 | 10:36:46
Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation (AFC) as a shareholder and its 35th member state.
Eni launches Eniverse Ventures to promote a just energy transition
02-08-2022 | 11:12:35
Proprietary technologies and innovation are a strategic and competitive business lever for Eni, as well as a fundamental pillar of its strategic transformation which aims to achieve carbon neutrality by 2050, according to the principles of the United Nations 2030 Agenda and the objectives of the Paris Agreement on climate.
SDX spuds MSD-27 infill development well in the West Gharib concession onshore Egypt
02-08-2022 | 10:15:00
SDX Energy, the EMEA-focused energy company, announced the spudding of the MSD-27 infill development well at the Meseda Field, West Gharib concession in Egypt, where SDX has a 50% working interest.
bp and Eni joint venture Azule Energy begins operations in Angola
02-08-2022 | 10:05:00
bp and Eni confirmed that Azule Energy, the new 50/50 independent joint venture (JV) combining the two companies’ Angolan businesses, has been officially established.
Eni successfully drills and tests Baleine East-1X well in Block CI-802 offshore Cote d’Ivoire
01-08-2022 | 14:43:00
Eni announced it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and second discovery on the Baleine structure, offshore Côte d’Ivoire.
TotalEnergies partners with ADNOC for fuel distribution in Egypt
01-08-2022 | 14:38:00
The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million.
MEDSAR a signé une nouvelle cooperation avec Algérie
01-08-2022 | 08:58:00
Le ministre de la Transition énergétique et des Energies renouvelables, le professeur Benattou Ziane a reçu, au siège de son département ministériel, l'ambassadeur des Emirats arabes unis à Alger, M. Youcef Saif Khamis Subaa Al-Ali, accompagné d'une délégation de la société émiratie Masdar.
Le puits Baleine Est 1X est foré et testé avec succès dans le bloc CI-802 en Côte d'Ivoire
01-08-2022 | 07:42:00
Eni a foré avec succès le puits Baleine East 1X, le premier puits d'exploration dans le bloc CI-802 et la deuxième découverte sur la structure de Baleine, au large de la Côte d'Ivoire.
PetroChad exports first oil via Chad-Cameroon pipeline
28-07-2022 | 13:09:42
At a time when global demand for oil is on the rise, the export marks a significant step towards restarting and rebuilding production in Chad, as the company aims to position the country as a globally competitive oil producer.
Une autre découverte dans le bassin onshore de Berkine Nord par Eni
28-07-2022 | 08:04:00
Eni et SONATRACH annoncent une nouvelle découverte dans la concession de Sif Fatima II, située dans le bassin de Berkine Nord, dans le désert Algérien.
Eni announces the completion of negotiations to start up New Gas Consortium in Angola
28-07-2022 | 07:55:42
The New Gas Consortium has reached Final Investment Decision for the Quiluma and Maboqueiro gas project, the first non-associated gas project in Angola
Decklar resumes production from Oza-1 well in Nigeria
27-07-2022 | 09:07:36
Decklar Resources (Decklar), announced the resumption of production from the Oza-1 well at the Oza Oil Field in Nigeria.
[Nigeria] NCDMB partners with Shell, Exxon, NAOC in oil and gas parks
26-07-2022 | 11:11:16
Major international operating oil and gas companies, notably Shell Petroleum Development Company (SPDC) and Exxon Mobil Nigeria, and the Nigerian Agip Oil Company (NAOC) have made significant investments in support of the ongoing development of the Nigerian Oil and Gas Parks Scheme.
TotalEnergies announces start of production from Ikike field offshore Nigeria
26-07-2022 | 08:31:00
TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announced the start of production from the Ikike field in Nigeria.
Eni announces further discovery in the Berkine North onshore basin, Algeria
26-07-2022 | 08:27:00
Eni and SONATRACH announced a further discovery in Sif Fatima II concession, located in the Berkine North Basin in the Algerian desert.
[Column] NJ Ayuk: Long-term sales contracts could be key to Senegal and Mauritania’s natural gas success
26-07-2022 | 08:22:08
In 2020, rich natural gas resources offshore Mauritania and Senegal were the subject of the biggest long-term liquefied natural gas (LNG) contract signed that year.
La RDC sollicite le soutien de l’APPO pour la réussite du processus d’appel d’offres pour les blocs pétroliers
21-07-2022 | 11:26:00
Ce soutien a été sollicité lors d’une visite de courtoisie au Secrétaire Général de l’APPO, Son Excellence Dr. Omar Farouk Ibrahim, par une délégation de la Commission de la RDC en charge du processus d’appel d’offres pour les bassins pétroliers du pays.
Afentra acquires additional interests in Blocks 3/05 and 3/05A offshore Angola
20-07-2022 | 14:58:00
Afentra announced that its wholly-owned subsidiary, Afentra Angola, has signed a Sale and Purchase Agreement (SPA) with INA - Industrija Nafte, d.d. to acquire a 4% interest in Block 3/05 and a 5.33% interest in Block 3/05A, offshore Angola.
[Algeria] TotalEnergies signs production sharing contract with sonatrach in the Berkine Basin
20-07-2022 | 14:26:31
TotalEnergies has signed with Sonatrach, Occidental and Eni an extension of its Production Sharing Contract for a period of 25 years for onshore Blocks 404a and 208 in the Berkine basin, in Eastern Algeria.
Nigerian National Petroleum Company (NNPC) transitions to a limited liability company
19-07-2022 | 16:59:00
The Nigerian National Petroleum Company (NNPC) has transitioned into to a private entity, thus initiating a monumental shift in active engagement, accountability and value that is expected to reshape Nigeria’s petroleum industry.
Coleman opens billion fibre optic cable factory, targets African market
19-07-2022 | 16:01:39
West African oil and gas service company, Coleman Technical Industries Limited (CTIL) has opened its multi-billion-dollar fibre optic cable manufacturing factory, hoping to take advantage of the African Continental Free Trade Area (AfCFTA) to play big in the African market.
Nigeria's Oilserv selects GEP's AI-driven software to manage its spend globally
19-07-2022 | 12:28:00
GEP, the provider of procurement and supply chain strategy, announced that Oilserv, the Sub-Saharan Africa oil & gas services company, selected GEP SOFTWARE, to support its entire source-to-contract (S2C) process.
[Column] NJ Ayuk: Senegal and Mauritania are rich in resources, poor in infrastructure, now is the time to change that
19-07-2022 | 08:51:38
While Senegal’s consistently low-volume Gadiaga project remains in operation, at Mauritania’s Deepwater Chinguetti project, production ceased altogether at the close of 2017.
EnerMech secures $128m new contract wins in Africa, Middle East and Caspian
18-07-2022 | 14:48:00
Global integrated solutions specialist EnerMech has secured a number of OPEX and CAPEX contracts in core and new markets totaling $128 million across its Africa, Middle East and Caspian locations.
Dr Omar Alieu Touray assumes office as new president of the ECOWAS Commission
15-07-2022 | 10:22:08
Dr. Omar Alieu Touray, a Gambian National, has assumed office as the new President of the ECOWAS Commission for a four-year tenure.
[Nigeria Business Week] Andrea Ayemoba: Nigeria battles odds to maintain productive economy
14-07-2022 | 14:11:00
According to the International Monetary Fund, Nigeria is being pushed to the brink by inflation. Banks however, one of the pillars of the economy, have remained in good standing.
Baker Hughes partners with Petrosafe to reduce emissions from flaring operations in Egypt
12-07-2022 | 12:32:29
Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), announced a contract that will mark the first deployment of Baker Hughes’ flare.IQ technology in refinery operations in Egypt.
Decom secures double engineering contracts in North Sea and offshore West Africa
11-07-2022 | 13:10:02
Decom Engineering (Decom) has secured two contracts worth more than £300,000 in the North Sea and offshore West Africa, further strengthening its reputation as a leader in decommissioning services.
Afreximbank will finance activities designed to progress a Floating Liquefied Natural Gas in Nigeria
11-07-2022 | 11:41:44
Afreximbank signs project preparation facility financing head of terms with UTM Offshore Limited, to progress Floating Liquefied Natural Gas project in Nigeria
Eni inaugurates new platforming unit at the Refinery of Luanda
11-07-2022 | 08:00:31
Eni inaugurates new platforming unit at the Refinery of Luanda and signs MoU with Sonangol at the presence of the President of the Republic of Angola
Bowleven announces change of partner and operator at the Etinde Licence in Cameroon
08-07-2022 | 14:09:00
Bowleven announced the expiry of the 30 day right of pre-emption period pertaining to New Age's definitive conditional agreement with a subsidiary of Perenco, to transfer all of New Age's participating interests in the Etinde permit to Perenco.
San Leon Energy announces proposed Midwestern reorganisation and proposed further ELI investments in Nigeria
08-07-2022 | 14:03:32
San Leon announced it has entered into a series of agreements with Midwestern to consolidate Midwestern's holdings in San Leon.
CGG awarded industry-first 3D OBN Nile delta imaging contract by bp in Egypt
06-07-2022 | 09:12:00
CGG has been awarded a project by bp and JV Partner Pharaonic Petroleum Co for the 3D seismic imaging of the first OBN survey ever conducted in the Nile delta covering the Atoll and Atoll North fields in Egypt.
Sasol South Africa divests 30% equity interest in ROMPCO
05-07-2022 | 10:28:00
iGAS, a subsidiary of CEF SOC (CEF), together with Companhia Mocambiçana de Gasoduto (CMG), announced they had exercised their pre-emptive rights to acquire a 30% equity interest in the ROMPCO pipeline.
Tullow partners with Petrofac to provide operations services for Jubilee Development in Ghana
05-07-2022 | 09:53:00
Petrofac, the provider of services to the global energy industry, sees further growth in Africa having been selected by Tullow Oil to provide operations services for their world-class Jubilee Development in Ghana.
IFC investit dans BOCOM Petroleum afin d’améliorer l’accès à des combustibles de cuisson propres au Cameroun
01-07-2022 | 11:43:00
Afin de favoriser l'accès à des combustibles de cuisson plus propres et plus fiables au Cameroun, en particulier pour les ménages ruraux mal desservis, IFC a annoncé un partenariat avec BOCOM Petroleum SA (BOCOM), l'un des principaux importateurs et distributeurs camerounais de produits pétroliers.
Vivo Energy Kenya launches anti-counterfeit platform to verify authenticity of Shell Lubricants
01-07-2022 | 10:03:00
Vivo Energy Kenya, the company that distributes and markets Shell products and services in the country, launched an anti-counterfeit consumer platform to enable consumers verify the authenticity of the Shell Lubricants they consume.
Tower Resources executes term sheet with BGFI Bank as partial financing of NJOM-3 well in Cameroon
01-07-2022 | 08:46:12
Tower Resources Cameroon (TRCSA), announced it has executed a term sheet with BGFI Bank (BGFI), for a medium term loan of $7.1 million, as partial financing of the NJOM-3 well on the Thali block in Cameroon.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
30-06-2022 | 13:25:00
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
PGS releases additional 3D data for West Africa Transform Margin and Côte d’Ivoire
29-06-2022 | 09:14:00
In partnership with PetroCi and Direction Générale des Hydrocarbures, PGS has expanded the Côte d’Ivoire MegaSurvey, bringing the total coverage to 33 941 sq. km of 3D and 31 743 line-km of 2D.
[Namibia] ReconAfrica, NAMCOR announce spudding of first of four oil targets in the Kavango Basin
29-06-2022 | 09:05:00
Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR, the state oil company of Namibia, announced the spudding of 1819/8-2 (8-2) well in the Kavango Basin.
[Egypt] SDX spuds MSD-23 well, commences production from MSD-24 well at West Gharib
29-06-2022 | 08:55:00
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-23 infill development well at the Meseda Field, West Gharib concession, Egypt.
BP awarded new offshore exploration block in Egypt
28-06-2022 | 11:45:41
Oil major BP has today announced that it has been awarded an offshore exploration block in Egypt following its successful participation in last year’s limited bid round organised by the Egyptian Natural Gas Holding Company.
Savannah Energy announces first gas sales to TransAfam Power in Nigeria
28-06-2022 | 10:25:32
Savannah Energy announced that Accugas, the Company's 80% indirectly owned subsidiary, has commenced gas sales to TransAfam Power Limited (TAPL) in relation to the provision of gas for use at its power plants in Rivers State, Nigeria.
Savannah Energy commences first gas sales to Central Horizon Gas Company in Nigeria
27-06-2022 | 14:51:38
Savannah Energy announced that Accugas, the Company's 80% indirectly owned subsidiary, has commenced gas sales to Central Horizon Gas Company (CHGC), a subsidiary of Axxela, and a major gas distribution company in Nigeria.
Eco Atlantic acquires additional interest in Block 3B/4B offshore South Africa
27-06-2022 | 14:39:00
Eco Atlantic signed a farmout agreement (the Agreement) pursuant to which its wholly owned subsidiary, Azinam, will acquire an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa.
Egypt, EU and Israel sign agreement to export natural gas to Europe
27-06-2022 | 14:33:00
Egypt, EU and Israel signed on Wednesday in Cairo a framework agreement to export natural gas from Israel via Egypt to Europe.
Sound Energy appoints Morocco's Attijariwafa Bank for debt financing of Tendrara Production Concession
24-06-2022 | 15:33:00
Sound Energy announced it has entered into an Arrangement and Mandate letter with Attijariwafa bank of Morocco, in relation to the arrangement of debt financing in relation to the development of Sound Energy's Tendrara Production Concession.
Namibia approves increase in work program and licence extension for PEL 83
24-06-2022 | 15:21:30
Sintana Energy announced that the Ministry of Mines and Energy in Namibia has approved an extension to the First Renewal Exploration Period for Petroleum Exploration License 83 (PEL 83).
[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency
23-06-2022 | 13:16:00
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.
United Oil & Gas announces spudding of AJ-14 development well onshore Egypt
22-06-2022 | 10:15:35
United Oil & Gas announced the spudding of the Al Jahraa-14 development (AJ-14) well in the Abu Sennan licence, onshore Egypt
Savannah Energy commences first gas sales to FIPL's Trans Amadi power plant in Nigeria
22-06-2022 | 10:05:00
Savannah Energy announced that Accugas, the company’s 80% indirectly owned subsidiary, has commenced gas sales to First Independent Power Limited’s (FIPL) Trans Amadi power plant in Port-Harcourt, Nigeria.
[Mozambique] First gas introduced to Coral-Sul Floating Liquefied Natural Gas (FLNG)
21-06-2022 | 21:11:39
Italian energy major Eni has announced first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique.
Help us fight back against the attack on African oil and gas, a call by African Energy Week
21-06-2022 | 21:02:00
Representing the voice of the African energy sector, the African Energy Chamber (AEC) has become an invaluable advocate for Africa’s oil and gas industry at a time when global stakeholders are calling for the immediate end to fossil fuel utilization.
[Nigeria] NCDMB, NAICOM launch insurance services guideline for the oil and gas industry
21-06-2022 | 14:09:54
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guideline which will oblige the oil and gas industry to patronize the local insurance sector, thereby retain spend in the economy.