Savannah Energy Terminates SPA for PETRONAS’ Chad and Cameroon portfolio

Savannah has announced the completion of the proposed acquisition of PETRONAS’ upstream and midstream asset portfolio in Chad and Cameroon that remained subject to the satisfaction of certain conditions precedent … Read More

COTE d’IVOIRE: Tullow signs Production Sharing Contract for CI-803 Offshore Exploration Licence

Tullow Oil plc (Tullow) has signed a Production Sharing Contract (PSC) for offshore exploration licence CI-803 in Côte d’Ivoire. Tullow will operate the licence with 90% equity, the remaining 10% … Read More

ADC Energy Awarded Operational Assurance & Rig Contract in West Africa

Reflective of the recent upturn in international drilling activity, ADC Energy has secured a new contract in West Africa providing operational assurance and rig acceptance. The contract, which is worth $250,000, is scheduled … Read More

NIGERIA: Chevron, NNPC Sign $1.4bn Financing Deal for Hydrocarbon Projects in Niger Delta

The Nigerian National Petroleum Company (NNPC) and Chevon’s subsidiary in Nigeria Chevron Nigeria have sealed  a $1.4 billion for “Project Panther” involving external project finance projects in the Niger Delta. The … Read More