Energy

Invictus Energy has reported fluorescence end elevated gas shows of up to 65 times above background levels in the Upper Angwa primary target of its Mukuy-1 well onshore Zimbabwe. The well is yet to reach total depth and has confimed a working conventional hydrocarbon system in the Cabora Bassin. “We still have several hundred metres […]

Reconnaissance Energy Africa has announced that’s its first wildcat onshore Zimbabwe, the Makandina 8-2 well, has been a geological success but failed to show commercial quantities of hydrocarbons. The well reached total depth in mid-August and confirmed the presence of a working petroleum system by encountering intervals rich with methane and hydrocarbon gas liquids such […]

Nigerian LNG distribution company Bridport Energy has made new appointments to its Board of Directors, the company has said today. Engr. Ahmadu-Kida Musa and Mr. Auwalu A. Ilu, two experienced energy executives, have joined the company as Non-Executive Directors effective 1st October 2022. Both directors are well-known within the Nigerian oil & gas sector, where […]

Angola’s National Oil, Gas and Biofuels Agency (ANPG) has announced a new discovery at the Bavuca Sul-1 well on Block 15. The block is operated by ExxonMobil (36%) in partnership with Azule Energy (42%), Equinor (12%) and Sonangol E&P (10%). ExxonMobil is currently executing a redevelopment programme on the block, following a June 2019 agreement […]

Sonadrill, the joint-venture between Seadrill and Sonangol, has secured a 12-well extension in Angola for the Libongos drillship, Seadrill announced today. The firm portion of the contract is worth $327m with commencement expected in Q4 2022 with a firm-term of approximately 25 months. The Libongos drillship was already under a multi-year contract with Eni Angola, […]

On November 1st, Addax Petroleum Development Nigeria Ltd signed a Transfer, Settlement and Exit Agreement (TSEA) with NNPC Ltd for offshore blocks OML 123, OML 124, OML 126, and OML 137. The subsidiary of the Sinopec Group has now ceased to be the production sharing contractor on these assets, after two decades operating in Nigeria. […]

Borr Drilling’s Prospector 5 jackup drilling rig has reached the Central African coast where it is expected to start drilling soon for Eni Congo. In August 2022, Borr Drilling had announced the signing of a letter of intent worth $68.9m for Prospector 5 to execute a 6-well firm program expected to start in Q4 2022 […]

While in South Korea last week, President Muhammadu Buhari witnessed the signing of a letter of intent (LoI) between NNPC Ltd and Daewoo E&C for the revised strategy to fix the state-owned Kaduna Refinery in northern Nigeria. According to officials, Daewoo E&C intends to complete the Kaduna refinery rehabilitation project by signing the official contract […]

TechnipFMC foresees between $4.5bn and $7bn of subsea opportunities in Angola, Nigeria, and Côte d’Ivoire over the coming 24 months, according to its latest earnings presentation. Angola Angola will continue to dominate the market in terms of projects’ scope and value, as it has for the past couple of years. The implementation of an enabling […]

Shell still has four major pre-FID options to develop its reserves offshore Nigeria, according to the major’s latest quarterly presentation. These represents the biggest share of the company’s pre-FID options across its global upstream portfolio. Most projects are concentrated on and around the Bonga deep-water field on OML 118, where the production sharing contract (PSC) […]

Nigeria LNG, Africa’s biggest LNG exporter, has clarified that its terminal on Bonny Island in the Niger Delta is still operating despite a force majeure issued by the company earlier this week. “The company’s plant is in operation though at limited capacity due to reduced gas supply from some of its upstream suppliers,” Nigeria LNG […]

Coastline Exploration has announced receipt of final authorization to proceed with its exploration programme in Somalia after paying a $7m signature bonus to the Somali Central Bank. The oil & gas independent had announced last February that it had signed seven Production Sharing Agreements (PSAs) for deep-water blocks offshore Somalia. “We want the first exploration […]

VAALCO Energy delivered First Oil to the Teli floating, storage, and offloading (FSO) vessel at its Etame Field offshore Gabon on October 18, the company has revealed. The installation of the FSO had been ongoing for several months to replace the previous Petróleo Nautipa FPSO vessel operated by BW Offshore, whose contract expired in September […]

Petralon 54 Ltd has announced that it recently held a meeting with its host and impacted communities around the Dawes Island Field south of Port Harcourt in the Niger Delta. The company officially presented its Petroleum Prospecting License No. 259 (PPL 259) to the Royal Fathers and the people ahead of starting sustained commercial production […]

A series of force majeure events have been declared by oil & gas operators in the Niger Delta, leading Nigeria LNG to declare its own force majeure on product supplies from the Bonny Island LNG terminal, the company has said today. Nigeria LNG is owned by NNPC (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite […]

bp and Kosmos Energy have signed a new Exploration & Production Sharing Contract over the BirAllah gas discovery offshore Mauritania on October 11th. A new agreement was required after the exploration period over Block C8 expired last June. The BirAllah gas field was discovered 60km north of the Greater Tortue-Ahmeyim (GTA) gas field that straddles […]

The Presidency of Niger has revealed last week that the Niger-Benin Oil Export Pipeline is 30% complete, during an official inspection on October 10th by President Mohamed Bazoum. “Over 600km have already been laid across several sections,” the Presidency said. The $4bn pipeline will be 2,000km long and link Niger’s oilfields in the Agadem Basin […]

Cabeólica S.A., owner of the four wind farms on the islands of Santiago, São Vicente, Sal and Boa Vista in Cape Verde, has signed an MoU for the expansion of its facilities. The MoU targets an expansion of the Santiago facility at Monte São Filipe by 13 MW, along with the installation of 2 x […]

CrossBoundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria have announced a new project finance agreement to build $60m worth of mini-grids in Nigeria. Undea the deal, both companies target the connection of 150,000 Nigerians to electricity. CBEA will finance the development and construction activities and own the projects, while ENGIE will provide long-term […]

Cameroon’s SONARA, which operates Central Africa’s biggest refinery, has reached a deal with oil trader Vitol to restructure its commercial debt. The deal had been in the making for some time as the state-owned refining company seeks to restructure its debt, which amounted to 3% of GDP and 6.6% of total public and publicly-guaranteed debt […]

TotalEnergies has filed the Production Right Application for Block 11B/12B offshore South Africa, where it has made significant gas and condensate discoveries at Brulpadda (2019) and Luiperd (2020). Along with its partners Qatar Energy, CNR International and Main Street 1549 (Africa Energy Corp,), the French major has decided to relinquish the northern portion of the […]

Total Eren and Chariot Ltd have announced the launch of feasility studies to do-develop Project Nour, a large-scale green hydrogen project in Mauritania. In September 2021, Chariot had already signed an MoU with the Mauritanian Ministry of Petroleum, Mines & Energy to progress the venture. The agreement notably gave Project Nour exclusivity over 14,400km2 of […]

Senegal’s Petrosen Trading & Services, a subsidiary of the country’s national oil company, has signed a Memorandum of Understanding (MoU) with Turkey’s Çalık Enerji and Japan’s Mitsubishi for the pre-feasibility study of an ammonia and urea manufacturing unit. The agreement was signed in the presence of Senegalese President Macky Sall during the 8th Tokyo International […]