The Sonatrach Group has signed a framework agreement in Algiers with the Algerian Institute for Standardization (IANOR), to support its various structures in the field of standardization, certification and training in this field.
A lot has changed in the past year. One thing that has remained constant is the state of stasis of South Africa’s new petroleum code.
Domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States.
Global Petroleum announced its updated estimate of Prospective Resources for Block 2011A, offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed.
Subsea 7 announced the award of a substantial contract by Cabinda Gulf Oil Company. The contract is for the Sanha Lean Gas Connection project comprising the construction and installation of the Lean Gas Platform system offshore Angola.
TDI-Brooks International has completed a geophysical and geotechnical (G&G) campaign for Trident Equatorial Guinea off the coast of Equatorial Guinea in the Elon Field.
Bowleven, the Africa focused oil and gas exploration group announced that New Age, Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA).
Egyptian Minister for Petroleum and Mineral Resources Tariq Al-Mulla, signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4.
With a rapidly growing, increasingly urbanized population – and associated needs for energy and infrastructure development – the African continent should be at the forefront of a U.S. investment agenda.
Energean announced that Final Investment Decision has been taken on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project in offshore Egypt.
Oil and gas exploration company FAR announced that Woodside Energy exercised its pre-emptive right to acquire FAR's interest in the Senegal RSSD Project.
ReconAfrica has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
Belltree awarded significant national benchmarking analysis contract by Angolan State Regulator ANPG
Belltree Limited, the energy consultancy and provider of industry-leading benchmarking software bMark, has been awarded a significant contract to assist the Angolan Petroleum Regulator (ANPG).
Heirs Holdings, the African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc, Nigeria’s largest publicly listed conglomerate, have announced the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets.
A pilot Power Purchase Agreement (PPA) has been fully executed between Tlou Energy and Botswana Power Corporation (BPC) for the first 2MW of power from the Lesedi project.
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.
The Shell Petroleum Development Company of Nigeria (SPDC), completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas.
Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014, as well as its compelling renewables potential.
The restructuring of the sector, that resulted in the creation of the ANPG and the reorientation of Sonangol, is arguably one of the greatest achievements of H.E. Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and Petroleum who was brought in to reform the sector.
For the second year, Eni and its Partners in Block 15/06, namely Sonangol P&P and SSI Fifteen Ltd., have renewed support to the NGOs VIS and ADPP, enhancing the commitment to promote sustainable development in the country.
Novatech, trading as Hesper Engineering, a ship repair, and general engineering company based in Cape Town, South Africa, purchased a 51% shareholding in Swift Engineering.
BW Kudu, a wholly owned subsidiary of BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) signed a Farm-In and Carry Agreement.
Norwegian TMC Compressors (TMC), global supplier of compressed air systems for marine and offshore use, has been contracted to supply a complete offshore topside compressed air system to the Bonga Main FPSO in Nigeria.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, is has appointed Tennyson Securities to act as the Company's Joint Broker alongside SP Angel Corporate Finance.
Cost reduction strategy in the oil industry is now being adopted by oil firms as a core strategy. With global economies facing recession and wide fluctuations in energy demands, it seems low costs is becoming the safety valve for oil firms.
NOC Libya and US Department of Energy launch initiative to support corporate governance in the oil sector
The National Oil Corporation, NOC, of Libya is partnering with the US Department of Energy to carry out a comprehensive study of the NOC’s medium to long-term development plan.
SOFEC announced first steel was cut on December 26th, 2020 for the turret mooring system for the RSSD Joint Venture FPSO External Turret Mooring System Project destined for the Sangomar Field Development offshore Senegal.
Reganosa awarded contract to operate sub-Saharan Africa's first offshore LNG receiving terminal in Ghana
Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana.
Zenith Energy announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
The U.S. Trade and Development Agency (USTDA) awarded grants to the Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) for feasibility studies to modernize each company’s refinery.
B Investments announced it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million.
United Oil & Gas (UOG) announced the completion of the ASH gas pipeline in the Abu Sennan Licence, Egypt, where UOG holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt.
What does the impending US presidential transition mean for Africa’s oil and gas sector? By virtue of my role at the African Energy Chamber, I simply have to ask: How will the Biden administration approach African oil and gas?
VAALCO Energy announced that in connection with its previously announced acquisition from Sasol Gabon, the other joint owners in the Etame Marin block have not exercised their pre-emptive rights.
Panoro Energy announced that PetroNor E&P and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Aje field offshore Nigeria.
The Nigerian Department of Petroleum Resources (DPR) shortlisted 161 successful companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country.
An international consortium led by Total and the Egyptian Natural Gas Holding company (EGAS) signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt.
BW Offshore signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2021, with options until Q2 2023.
Seplat Petroleum Development Company has announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited.
The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production.
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced the appointment of SP Angel Corporate Finance LLP as its nominated adviser with immediate effect.
The Global Oilfield Communications Market Size Grew from $3.4 Billion in 2020 to $4.5 Billion by 2025, at a Compound Annual Growth Rate of 5.5% during the forecast period according to the latest report by Research and Markets.
The travel restrictions imposed by the Covid-19 pandemic, coupled with a historic crash of oil prices, have sent Equatorial Guinea's hydrocarbons industry in a deep crisis of uncertainty.
GE releases position on climate change, calls for accelerated deployment of renewables and gas power
GE has shared its position that the accelerated and strategic deployment of both renewable energy and gas power can make substantial progress in combating climate change in the near-term.
Schlumberger and OMV Upstream have announced an enterprise-wide deployment of AI and digital solutions enabled by the cloud-based DELFI cognitive E&P environment, across OMV’s global operations.
The Department of Petroleum Resources (DPR) has shut down a filling station for dispensing adulterated products and seven unlicensed Liquefied Petroleum Gas (LPG) refilling plants in Rivers State.
Royal Dutch Shell and Equinor will develop the next generation of Shell Inventory Optimiser, a solution that leverages advanced analytics on historical data to optimise operational spare part inventory levels.
TG-GEOPARTNERS announced the signing of an agreement with the Petroleum Commission of Ghana to conduct a major Multi-Client 3D Geophysical Survey in the Keta Basin, offshore Ghana.
Further to its previous announcements regarding its proposed investment in Decklar Petroleum (Decklar) and the Oza Field in Nigeria, San Leon announced that the parties have agreed to extend the completion date to early in the new year.
Global oil and gas company Eni has signed sustainable financial agreements with leading banks for a total amount of Euro 4.35 billion linked to the achievement of the United Nations Sustainable Development Goals (SDGs).
Tower Resources announced that its subsidiary Rift Petroleum, together with Operator and 50% partner New Age Energy Algoa, has now formally agreed to enter the Second Exploration Period of the Algoa-Gamtoos license offshore South Africa.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) have signed an agreement on $30 million Working Capital Scheme that will support the operations of oil companies.
MODEC awarded operations & maintenance contract for Sangomar field development FPSO offshore Senegal
MODEC has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar Field Development Phase 1 project offshore Senegal.
Africa focused transition energy company Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore in Morocco.
Vroon, an international shipping company, announced it has been awarded a charter with ENI on a long-term drilling project off Mozambique, with platform-supply vessel VOS Princess to join sister vessel VOS Principle in support of the drillship SAIPEM 12000.
Norco Group, an established energy storage equipment manufacturer and service provider, will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on TEP Angola’s assets in offshore Block 17.
Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that its wholly owned subsidiary, Mayfair Assets and Trusts Limited has received a letter from Optimum Petroleum Development Company communicating its enforcement of the default clause.
Kosmos Energy announced it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in Suriname, Sao Tome & Principe and Namibia.
ADM Energy announced it has received ministerial consent from the Nigerian Minister of Petroleum Resources (DPR) to complete the transfer of a participating interest of 2.25% in OML 113 from EER (Colobos) Nigeria to the Company.
The National Hydrocarbons Company Sonatrach and the Italian energy group Eni have signed an agreement strengthening the partnership in the Berkine basin in Algeria.
Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71 per cent of the region’s total growth.
[Nigeria] Department of Petroleum Resources to collaborate with oil producers for business sustainability
The Department of Petroleum Resources (DPR) says it will collaborate with the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry for business sustainability in the oil and gas industry.
National Oil Corporation Libya ( NOC ) and KPMG International have signed a partnership for a project to develop an integrated system for financial and administrative systems, human resources, manufacturing, and production.
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
The Nigerian oil refining capacity has increased by 63 per cent between 2010 and 2018. The Nigerian oil & gas downstream sector is driven by the development of large and modular refineries.
CGG is mobilizing to acquire the industry’s first-ever multi-client airborne gravity and magnetic survey of the onshore Congo Cuvette Basin in the Republic of Congo after signing an agreement with the SNPC and the Ministry of Hydrocarbons.
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that Linda Beal, a Non-Executive Director of the Company.
As part of the efforts of the National Oil Corporation ( NOC ) through coordination and cooperation with the Libyan Investment Authority ( LIA ), to develop and support ways of joint cooperation with its partners.
VAALCO Energy announced that the acquisition of three dimensional (3-D) seismic data at the Etame Marin block offshore Gabon has been completed.
Africa Energy, an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce drill stem test results for the Luiperd-1X well, the second major discovery on Block 11B/12B offshore South Africa.
Africa Oil Corp and its joint venture partners have received extensions to their 10BB/13T blocks exploration licences in Kenya to the end of 2021.
TransGlobe Energy Corporation has announced it has reached an agreement with the Egyptian General Petroleum Corporation, EGPC, to merge the Company’s three existing Eastern Desert concessions.
Kinetiko completes third high resolution aeromagnetic survey on the Amersfoort project in South Africa
Kinetiko Energy announced that a high resolution aeromagnetic and radiometric survey has been completed to follow the success of similar adjoining surveys completed in June and August 2020.
Dangote Oil Refinery has been listed among the top 20 influential projects surveyed in the last 18 months by the renowned Project Management Institute (PMI) global, for the potential to fuel Nigeria’s economic transformation.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that it has appointed finnCap Ltd and Panmure Gordon (UK) Ltd to act as its joint corporate brokers.
Seplat Petroleum Development Company Plc, a Nigeria energy Company, continues to make notable strides with its drive to improve the standard of education in the country, particularly for its host States.
Afreximbank signs deal with African Energy Investment Corporation to support hydrocarbon and energy sectors
A framework agreement has been signed between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
Woodside has given notice exercising its right to pre-empt the sale by FAR to ONGC, of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture in Senegal.
Global Petroleum announced that regarding its licence PEL0094 (Block 2011A) in Namibia, the Company purchased the historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Block 2011A.
African Energy Chamber reports that Africa’s electricity generation capacity has grown at an average of 4.8 percent per annum since 2008.
United Oil & Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced the commencement of a drilling programme on the Abu Sennan concession in Egypt.
Waltersmith, UNIDO and UNECA have signed a technical support agreement with respect to the development of an Industrial Park by Waltersmith.
Norwegian oil services company Applied Petroleum Technology (APT) has received research funding to develop an artificial intelligence (AI) solution that can dramatically change how oil companies utilise biostratigraphic services to plan drilling programmes.
Eni has signed a series of agreements with the Arab Republic of Egypt, the EGPC, EGAS and the Spanish company Naturgy, which pave the way for the restart of the Damietta liquefaction plant in Egypt by the first quarter of 2021.
In order to respond to the current global crisis, manage through the uncertainties and seize the identified opportunities, the Managing Director of Total E&P Nigeria Ltd, Mike Sangster has advocated for the development of Nigeria’s abundant resources before it is too late.
The gas turbine market in Middle East and Africa (MEA) is expected to grow from $ 3383.00 million in 2018 to $ 5006.04 million by 2027at a compounded annual growth rate of 4.5% from 2019 to 2027 according to a new survey by ReportLinker.
Shell lubricant products will be widely available in the Nigerian market following a new deal with Ardova PLC(AP).
TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC).
[Nigeria] Department of Petroleum Resources sensitizes petrol stations on environmental safety rules
Mrs Roseline Wilkie, the Zonal Controller of Department of Petroleum Resources (DPR) in Imo, has advised Petrol station managers to observe environmental safety rules in their premises.
Eco Atlantic, an oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, has successfully negotiated the reissuance of its four licences in the Walvis Basin, Offshore Namibia.
Australian natural gas producer, Woodside Energy announced a delay in its drilling activities in Senegal’s Sangomar offshore wells.
In a move that will help tackle one of the biggest and most solvable contributors to the climate crisis, major players in the oil and gas industry have agreed to report methane emissions with a new, much higher level of transparency.
Nigeria’s Imo State Governor, Senator Hope Uzodinma led by a team of Seplat executives recently went on a tour of the ANOH gas plant facility sited at Asaa, Ohaji/Egbema in Imo state.
USAID’s Pay As You Go Liquid Petroleum Gas Program awarded a grant to Bboxx to test and scale up LPG technology in the Democratic Republic of Congo.
Total and its partners announced the first version of a high-performance simulator for large-scale geological CO2 storage.
Africa Energy Investment Corporation and Afreximbank reach agreement on deal to boost Africa's oil investments
Egypt Petroleum and Mineral Resources Minister Tarek el Mulla has said that the Africa Energy Investment Corporation (AEICORP) and the African Export-Import Bank (Afreximbank) have reached a preliminary framework agreement that is set to be signed in Cairo.
The Sonatrach Group's gas compression stations in Hassi-R'Mel (Laghouat) will come into service from the first quarter of next year, after the completion of the work which is coming to an end.
The Emerging Africa Infrastructure Fund (EAIF) is lending $31 million over 10 years to Access LNG B.V. to support the construction of a new Liquid Natural Gas (LNG) storage and regasification facility at Tema port in Ghana.