EGYPT: ADES Holding Company Secures New Award
ADES Holding Company has announce that it has received a Direct Award of Contract (DAC) from Suez Oil Company (SUCO) in Egypt for a 21-Month jackup drilling contract in the … Read More
Category: Top News
MOROCCO: Chariot Commences Drilling Operations at the Loukos Onshore licence
Chariot Limited has announced that drilling operations have commenced at the Loukos Onshore licence onshore Morocco (Chariot, Operator 75%, ONHYM, 25%) with the spud of the RZK-1 well on the … Read More
PGS Data Supports Nigeria 2024 Bid Round
On Monday 29 April 2024, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) announced the opening of the Nigeria 2024 Bid Round. Twelve blocks are on offer: six located on the … Read More
ANGOLA: Yinson Production completes USD 1.3 billion debt financingfor the Agogo FPSO
Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. … Read More
NIGERIA: NNPC, Partner Unlock 12,000bpd Production From Awoba Unit Field
Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint … Read More
TANZANIA: Aminex Releases Positive Outlook Terms 2024 as Decisive
Outlook: • The operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited (APT) continues to progress operations at the Ntorya gas field, with the following planned for 2024, upon receipt of the Development … Read More
MOROCCO: Sound Energy Announces Audited final results for the year ended 31 December 2023
HIGHLIGHTS Substantial 2023 Project execution undertaken – positioned for significant operational and financial progress through development of pivotal Moroccan Tendrara Production Concession, with rig activities from June 2024 and plant commissioning … Read More
NAMIBIA: 88 Energy Raises Funds Towards Exploration Activities at PEL 93
88 Energy Limitedhas advised that it has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$9.9 million (approx. £5.23 million) before costs. Placement proceeds … Read More
EQUATORIAL GUINEA: Panoro Energy Secures Rig to Recommence Drilling Offshore Block G
Panoro Energy has announced that following an evaluation of available options the operator of Block G offshore Equatorial Guinea, Trident Energy, has on behalf of the joint venture awarded a … Read More
NAMIBIA: Updates on Successful Completion of Well Testing Operations at Mopane-1X PEL 83
Further to previous updates provided during Q1 2024, Galp (the license operator with an 80% interest) together with its partners NAMCOR and Custos, has successfully completed the first phase of the Mopane exploration … Read More