NIGERIA: Chevron, NNPC Sign $1.4bn Financing Deal for Hydrocarbon Projects in Niger Delta

The Nigerian National Petroleum Company (NNPC) and Chevon’s subsidiary in Nigeria Chevron Nigeria have sealed  a $1.4 billion for “Project Panther” involving external project finance projects in the Niger Delta. The … Read More

PGS’ First Nigeria MegaSurveyPlus Provides 11 230 sq. km of 3D data

The MegaSurveyPlus concept revitalizes PGS’ Nigeria MultiClient data library by reprocessing 3D data from field tapes. Modern techniques such as optimized denoising algorithms and a full deghosting sequence have improved … Read More

Africa Oil Reports Q3 2022 Financial Results with Record Realised Oil Price

The Company received one dividend from its shareholding in Prime for $50.0 million(1) in Q3 2022 (first nine-month 2022 total of $212.5 million). Total amount of the dividends received so … Read More

Glencore fined $314M for ‘Highly Corrosive’ and ‘Endemic’ Corruption in 5 African Oil States

Glencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes to gain preferential access to oil … Read More

NIGERIA: San Leon Energy Recommences Loading Crude Oil into Trucks at the Oza Oil Field

San Leon notes the announcement made on 27 October 2022 by Decklar Resources Inc. in Canada.  San Leon has a 11% shareholding in Decklar Petroleum Limited, the local subsidiary of … Read More

OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk)

By NJ Ayuk, Executive Chairman, African Energy Chamber  After U.S. energy company Enron made global headlines in the early 2000s for accounting and corporate fraud, attention quickly shifted to the … Read More

NIGERIA: Decklar Announces New Arrangements for Delivery and Export of Crude Oil From Oza Oil Field

Decklar and its co-venturer Millenium Oil & Gas Company Limited have announce that the 7,800 barrels of crude oil (“bbls”) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling … Read More