SENEGAL: FAR Sells RSSD Assets to ONGC
FAR Limited has announced it has entered into an RSSD Sale and Purchase Agreement with ONGC Videsh Vankorneft Pte Ltd (ONGC) in respect of FAR’s entire interest in the Production … Read More
Category: West Africa
West Africa or Western Africa is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo
Nigeria’s Changing Legal Regime: Is Africa’s Biggest Oil Producer Finally Within Reach of a New Oil Law?
By NJ Ayuk, Executive Chairman, African Energy Chamber This week, the African Energy Chamber will publish a report outlining its short-term predictions for the continent. That report, Africa Energy Outlook … Read More
Africa Oil Receives Fifth Dividend From Its Nigerian Asset
Africa Oil has announced that it has received its fifth dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets. … Read More
FAR Provides Quarterly Operations Update
RSSD (Rufisque, Sangomar and Sangomar Deep) Senegal The Rufisque, Sangomar and Sangomar Deep (‘RSSD’) Joint Venture continued to progress construction activities for the Sangomar Field Development. The construction of the … Read More
CAMEROON: Etinde Reviewing Commercial Options Regarding Gas Offtake & Condensate Marketing
The Etinde financing plan will likely comprise various layers, including senior project finance debt, vendor financing from contractors, offtakers and likely equity. The latter will be a function of the … Read More
NUPENG Accuses Valiant Energy Boss, Shell Petroleum Development Company of Planning to Defraud Oil Workers
The national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in a press release has reported of a sinister plot of SHELL Petroleum Nigeria and Mr ADOLOR … Read More
President Buhari Renews Appointments of NCDMB, PTDF, PEF, Bosses
President Muhammadu Buhari on Friday renewed the appointment of Engr. Simbi Kesiye Wabote as the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). Mr. President also … Read More
60 Years After Independence Nigeria’s Energy Industry Hasn’t Realized Its Promise — But It’s Getting Closer
On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation. During the newly independent nation’s earliest … Read More
NIGERIA: Africa Oil Announces Favorable Prime RBL Redetermination
Africa Oil Corp. has provided an update on Prime Oil & Gas B.V. Reserve Base Lending facility (RBL). Africa Oil has a 50% shareholding in Prime, a company with deepwater … Read More
NIGERIA: NNPC, SEEPCO Sign OML 143 Monetization Agreement
The Nigerian National Petroleum Corporation (NNPC) and Sterling Global have signed off on agreements for monetization of its fully operated Oil Mining Lease (OML) 143. According to NNPC this latest … Read More