Nigeria: Eni acquitted by Milan Court in OPL245 Trial
After almost three years of trial, the judgment by a Milan Court has finally established that the company, the CEO Claudio Descalzi and the management involved in the proceedings have … 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, Morocco Sign MOUs to Promote the Development of Hydrocarbons
The Federal Government and the Kingdom of Morocco on Tuesday signed five strategic Memorandum of Understandings (MOUs) that would foster Nigerian – Morocco bilateral collaboration and promote the development of … Read More
Shell Invests to Support Nigeria’s Domestic Gas Ambition for Industrialization
The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic … Read More
GABON: VAALCO Closes the Acquisition of Additional Interest in the Etame Field From Sasol
Key Highlights Nearly doubles VAALCO’s total net production and reserves; Expected to be immediately accretive to VAALCO, with minimal additional variable costs; Anticipated to materially increase free cash flow in 2021 … Read More
Nigeria, Equatorial Guinea Sign MoU to Consolidate New Opportunities for the Hydrocarbons Sector
H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met with H.E. Timipre Sylva, Minister of Petroleum Resources of Nigeria at the presidential palace in Malabo … Read More
SENEGAL: Lukoil Provides Non-Binding Indicative Proposal for the RSSD project
FAR Limited has announced it has received a conditional non-binding indicative proposal from PJSC Lukoil to acquire 100% of the shares of FAR . Lukoil has stated that the price … Read More
West Africa: Tullow Agrees US$180 million Sale of Assets to Panoro
Transaction Structure Tullow has signed two separate sale and purchase agreements with Panoro, pursuant to which Tullow has agreed to the sale to Panoro of its entire interest in Equatorial … Read More
GHANA: Tullow Oil Awards Maersk Drilling Campaign at the TEN and Jubilee fields
Maersk Drilling has received a conditional letter of award from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign … Read More
NIGERIA: San Leon Energy Provides Update on Investment in Oza Field
San Leon has provided an update on the funding arrangements by Decklar Petroleum Limited to develop the Oza Oil Field in Nigeria. When fully disbursed, the funding is expected to … Read More
CAMEROON: Victoria Oil & Gas Provides Q4 2020 Operational Update
SUMMARY · The Company remains vigilant in relation to the Covid-19 pandemic and adherent to the authorities’ guidelines in the jurisdictions in which it works: the lockdown in Cameroon was eased in May 2020 … Read More
