Africa's Oil, Gas and Energy News.
The ASD-2 development well, which was drilled to test the north-western culmination of the commercial discovery in the ASD field last year, safely reached total depth of 3,631 metres. The … Read More
FAR Limited has advised it has commenced steps to withdraw from its interests in the Esperanca Blocks 4A & 5A and Sinapa Block 2 offshore Guinea Bissau. FAR says it … Read More
2D Seismic Interpretation Helium One’s ongoing interpretation of Phase II 2D Seismic data has identified multiple areas of interest with potential closure at both the Lake Bed and Karoo Group levels. The … Read More
BP and Eni confirmed today that they have signed an agreement to form a new 50/50 independent company, Azule Energy, a BP and Eni company, through the combination of the … Read More
The Duport Modular Refinery financed with equity participation by the Nigerian Content Development and Monitoring Board (NCDMB) will be ready for commissioning by end of March 2022, the Executive Secretary … Read More
The prevailing system in African NOCs means a growing social and financial burden to oil producing countries that translates into low wages, poor quality goods and services By Leoncio Amada … Read More
Eco (Atlantic) Oil & Gas Ltd. has confirmed that it and Azinam Group Holdings (Azinam) have completed all conditions required to be completed in order to close Eco’s acquisition of … Read More
Companies operating gas-producing assets in North Africa have started targeting the commodities-strapped European market as geopolitical tensions escalate as Russia continues its offensive in Ukraine. The companies hope to ride … Read More
The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to … Read More
