Anglo African Oil & Gas has provided an update on the repayment of funds owed to it by SNPC, a Congolese national oil company, in regards to SNPC's 44% holding in the Tilapia Licence.
SDX Energy Inc. has announced that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners signed a Final Investment Decision agreement for a 300 million cubic feet of gas on Wednesday in Abuja.
Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
Egyptian authorities have granted Eni two exploration blocks onshore Egypt, the first block assigned within the EGPC 2018 competitive bid round
Seadrill Limited announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
Oil and gas exploration company Total has made a significant gas condensate discovery on the Brulpadda prospects.
A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied.
Anadarko Petroleum Corporation has announced the signing of a Sale and Purchase Agreement between LNG and Shell for 2 million tonnes of LNG per annum for a period of 13 years.
Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd has signed a Sale and Purchase Agreement (SPA) with CNOOC.
The African Energy Chamber has entered into an agreement with the Ministry of Petroleum of South Sudan to strengthen the country’s capacity to manage its hydrocarbons sector.
The Nigerian National Petroleum Corporation has proposed collaboration among African countries in the area of oil and gas infrastructure in order to remain competitive on the global stage.
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
Sirius has signed an agreement with Barak for the provision of a US$20 million debt facility, to contribute to the funding of the first phase (Ororo-2 and Ororo- 3 wells) of the Ororo field development.
An intergovernmental ministerial committee meeting between the governments of Uganda and Tanzania agreed to sign the Host Government Agreement for the East Africa crude oil pipeline by the end of June.
African independent RoyalGate Energy has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as the oil price stabilizes and the market recovers.
Oil and gas exploration company Eni has announced that it has successfully started production of a well in the Vandumbu field, located 350 km northwest of Luanda.
African Trade Insurance Agency, AFC support a €577 million debt financing facility for West Africa’s largest oil refinery
Côte d’Ivoire’s economy is one of the strongest in sub-Saharan Africa with an anticipated 2018 GDP growth of 7.6 per cent.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
The Federal Government in Nigeria will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter's refinery, petrochemicals and fertilizer projects come on stream.
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.
Vivo Energy Côte d'Ivoire is strengthening its presence in the Ivorian market with the opening of a new Shell service station in the Municipality of Taabo.
The Nigerian National Petroleum Corporation has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products.
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of major components used in the production of cooking gas.
Egypt Petroleum Minister Tareq el Mulla has held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects.
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.
Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, in the North Alexandria region, Egypt.
Vivo Energy Côte d'Ivoire has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.
The directors and management of Strata-X Energy Ltd have announced that the company has entered into a turnkey contract for 1 firm plus one optional vertical well with Danos Drilling of Gabarone, Botswana.
Tunde Ajala is the founding executive director of Dovewell Oilfield Services Ltd, a Nigeria oil and gas company.
Vivo Energy Ghana, the marketers and distributors of Shell branded products and services has appointed Mr. Ben Hassan Ouattara as the new Managing Director (MD), effective 1st January, 2019.
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it is about to complete a successful drilling operation of the Pecan-4A appraisal well offshore, Ghana.
Waha Oil Company (WOC), a National Oil Corporation subsidiary, has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production.
National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase.
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in outgone 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels.
Ophir Energy has announced that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended.
The Nigerian National Petroleum Corporation has announced a trading surplus of ₦9.85billion for the month of September 2018, a figure higher than the previous month’s deficit of ₦3.90 billion.
Fairfax Africa Holdings Corporation has acquired 178,995,353 ordinary shares of Consolidated Infrastructure Group Limited at a price of ZAR4.00 per share.
Total has started up production from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria.
The Nigerian Stock Exchange, NSE, has announced the review of the NSE-30, and the eight sectoral indices of the Exchange
Africa Energy Corp. has announced spud of the Brulpadda-1AX re-entry well on Block 11B/12B offshore South Africa.
Oil and gas company Wentworth has announced that it intends to relinquish the onshore Tembo block in Rovuma Basin.
China National Offshore Oil Corporation, CNOOC, has announced Egina Field, located in deepwater offshore Nigeria, has commenced production.
Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners.
Sonangol EP and ExxonMobil Corporation have signed a Memorandum of Understanding defining the intention of signing the risks with service contracts.
Petroleum and natural gas company Sonangol has announced the signing of a US $ 1 billion financing agreement, fully subscribed by the African Export-Import Bank.
The Angolan National Fuel Company Sonangol and Total have signed an agreement in Luanda in the "downstream" segment, with an emphasis on logistics and distribution of refined petroleum.
Angola’s economy is set for recovery in 2019, in large part due to a series of regulatory reforms opening the country to new investment.
Africa Oil Corp. (AOC) has made further investments of $20.5 million in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West Africa.
National Energy Services Reunited Corp., has reported awards of major multi-year contracts in North Africa and the Gulf region for its Drilling & Evaluation product line.
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries.
Mauritania government has awarded Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Republic of Mozambique.
Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
The Nigerian National Petroleum Corporation has fast-tracked agreements with bulk purchase marketers in the country
The sale of a 20% participating interest to Mubadala Petroleum and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, have today been approved by the Egyptian Government.
The Nigerian National Petroleum Corporation and the Nigerian Content Development and Monitoring Board have committed to growing Local Content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027.
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has entered into a conditional sale and purchase agreement with Precision Energy Group (“PEG”) to acquire a 75% shareholding.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has described the national oil company as the most open and transparent government-owned corporate entity.
The Shell Petroleum Development Company of Nigeria and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State.
The Chairman and General Director of Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have inaugurated a 10 MW solar plant in Bir Rebaa North in Algeria.
The oil sector will soon liberalize, in its entirety, the market for importing petroleum products into the country to oil companies interested in the business.
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior and the Chairman and CEO of Total have inaugurated the Kaombo project.
Endeavor Management, a Houston based international oil and gas management consulting and business advisory firm, has announced a Strategic Alliance with Centurion Law Firm a Pan-African legal and business advisory group.
Eni and the Food and Agriculture Organization of the United Nations have commissioned a model solar powered borehole for the Internally Displaced Persons in Waru, Abuja.
Air Products global industrial gas company, and Sonatrach, the largest state-owned oil and gas company in Africa, have signed two gas production and delivery agreements.
The CEO of Petroleum & Petrochemicals, Mubadala Investment Company, Musabbeh Al Kaabi, and the CEO of Eni, Claudio Descalzi, have today signed an agreement for the sale of a 20% participating interest to Mubadala Petroleum.
Panoro Tunisia Exploration has signed a Heads of Terms with Tunisian state-owned drilling contractor, for the use of the CTF-4, a 2,000-horsepower onshore rig.
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
A consortium led by Vitol has entered into a Share Purchase Agreement to acquire a 50 per cent ownership interest in Petrobras Oil and Gas.
The Nigerian National Petroleum Corporation has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million.
Oil marketer Kenol Kobil has acquired 33 service station from each of Delta Petroleum Uganda and Rwanda by asset sale.
Greenpeace Africa has blown the whistle on the Republic of Congo's most recent greenwashing campaign by exposing its plans to tender three oil blocks in the heart of newly-discovered peatlands.
The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient.
A total of 230.35Billion Cubic Feet of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet, NNPC Monthly Financial and Operations report for July 2018 has stated.
GE’s Power Services has signed a multiyear service agreement with GEL Utility Limited to support the power generation requirements of the Nigerian National Petroleum Corporation’s wholly owned subsidiary.
The Nigerian National Petroleum Corporation has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s trading arm, BP Oil International, for the supply of Premium Motor Spirit, also known as petrol.
Oando has announced unaudited results for the nine months period ended September 30, 2018.
The Nigerian National Petroleum Corporation (NNPC) has announced the re-entry of its subsidiary, NIDAS Shipping Services, into the international shipment of crude oil and petroleum products
The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation in the upstream, midstream, downstream and services sectors to further boost their various economies.
Nigeria-based Oranto Petroleum has signed a Memorandum of Understanding with the Ministry Petroleum of the Republic of Niger.
The Capital Markets Authority (CMA) has received a Notice of Intention by Rubis Énergie to make a cash offer (the “Offer”) to acquire 100% of the ordinary share capital of KenolKobil Plc.
Sonatrach, Eni and Total have today signed two agreements during the Algeria Future Energy Summit in Algiers, which include an exclusive partnership for offshore exploration in Algeria.
The Nigerian Petroleum Development Company, an Upstream Subsidiary of the Nigerian National Petroleum Corporation, has achieved a 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility.
International oil company Etablissements Maurel & Prom has announced the signature of a sale and purchase agreement for the acquisition of the 20 per cent working interest owned by Angola Japan Oil Co., Ltd.
Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 km to the north east of the capital Maputo.
A major stride in the drive for optimization of the nation’s vast gas resources has been recorded with the execution of a novel contract between the Nigerian National Petroleum Corporation and a private firm for the activation of virtual gas pipeline network for power generation.
American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub on the maritime border between Senegal and Mauritania.
Nigerian Content Development and Monitoring Board has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises over its adherence to the local content law in the execution of its projects.
Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks to reduce its reliance on Russian supplies.
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
Azinam Group Limited, the Seacrest Capital-backed South West African oil exploration company, announces that the Prospect S Well in Petroleum Licence (PEL) 71 offshore Namibia, was safely drilled.
Sirius Petroleum has announced that it has decided, by mutual agreement with COSL, to abrogate its agreement with COSL for the supply of a jack-up rig for the drilling programme on the Ororo field, OML 95.
Sonatrach and Total have signed two agreements as part of the comprehensive partnership announced in 2017.
Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.