NIGERIA: Eroton Exploration and Production Company Proposes Acquisition of an Additional Stake in OML 18

Eroton Exploration and Production Company Limited has signed a non-binding term sheet with Africa Import Export Bank (Afrexim) for a prospective US$750,000,000 senior secured reserve-based lending facility. The purpose of … Read More

NIGERIA: Zenith Energy, Noble Hill-Network Enter Option Agreement for OML 141 RSC

Zenith Energy has entered into an Option Agreement with Noble Hill-Network Limited, a private Nigerian oil and gas company. NHNL is the sole, 100% holder of a Risk Service Contract … Read More

CONGO: CEMAC Business Energy Forum Will Position CEMAC as a Globally Competitive Oil and Gas Market

The Oil and Natural Gas Industry is proud to endorse the upcoming Central African Economic and Monetary Community (CEMAC) Business Energy Forum, taking place on 29 – 30 November 2021 … Read More

Tullow Oil Commissions 1st Ghanaian flagged vessel, the MV Flat Confidence

Tullow Oil has commissioned the first Ghanaian-owned and Ghanaian flagged vessel, the MV Flat Confidence. The MV Flat Confidence was birthed out of Tullow’s marine sector adoption program. The vessel … Read More

Mozambique to Launch the Sixth Licensing Round

The Sixth Licensing Round for the Concession of Hydrocarbon Exploration and Production Areas is launched this Thursday, 25th of November. For this purpose, 16 new areas were defined, distributed by … Read More

Connectivity Issues are Disrupting IOT Rollouts Severely for Most Oil and Gas Businesses

Research by Inmarsat, the world leader in global, mobile satellite communications, reveals that, despite the accelerating speed of Internet of Things (IoT) adoption over the course of the Covid-19 pandemic, … Read More

NIGERIA: Updated CPR Report Increases Savanna Energy’s 2P Reserves by 27%

An updated Competent Person’s Report CPR was compiled by CGG Services (UK) Ltd covering Savanna Energy’s assets in Nigeria has placed them at 108.6 MMboe 2P Reserves up from 85.5MMboe … Read More

UGANDA/TANZANIA: EACOP to be Constructed at Rate of 100km Monthly Consuming 5.6M Manhours

The 1443km East Africa Crude Oil Pipeline (EACOP) will be constructed at a rate of 100 kilometers monthly for a period of 16 months according to EACOP General manager Martin … Read More