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NIGERIA: Lekoil Announces Strategic Investment and Restructuring

LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement  with the Company in order to support the Company’s restructuring.   Highlights:  ·    The … Read More

NIGERIA: Baker Hughes Appointed Onshore Approved Services Provider of the OML 65 Licence

Sirius Petroleum has signed a Memorandum of Understanding (‘MOU’) with Baker Hughes Company Limited. The MOU appoints Baker Hughes as the approved services provider to Phase 1 of the approved … Read More

NIGERIA: Oil Giant Belemaoil Supports USAID’s HIV/AIDS Eradication Efforts in Akwa Ibom

As part of its efforts to deepen private sector involvement in Nigeria’s health sector, the U.S. Agency for International Development (USAID) accepted a contribution from a leading indigenous oil firm … Read More

PGS Data Covers Key Blocks for Nigeria’s 2020 Bid Round

The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria, recently launched its 2020 licensing round. A total of fifty-seven marginal fields are on offer, including … Read More

Atlas Petroleum Resumes Development of OML109 in Nigeria

Over the weekend, Atlas Petroleum International has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field. Awarded … Read More

Where, or what, are the most exciting opportunities to be found today in Africa?

By Charles Gurdon, Managing Director, Menas Associates Africa currently, undoubtedly, provides the world’s most exciting oil sector investment opportunities but, to be more precise in terms of where and what … Read More

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