Shelf Drilling Awarded New Contract in Nigeria
Shelf Drilling has announced that it has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria. The contract has an estimated duration of … Read More
Tag: Nigeria
Africa Oil Announces Record Financial Results and 2022 Management Guidance
Highlights Record full-year net income of $190.7 million or $0.40 per share. Cash balance at December 31, 2021 of $58.9 million. Our corporate facility has been fully repaid and $100m of the facility remains available for general corporate purposes … Read More
Africa’s Regulatory Landscape Sees Critical, Industry-Advancing Reforms
The African Energy Chamber’s Q1 2022 Outlook, the State of African Energy, details regulations implemented in Nigeria and Egypt that are fast tracking sectoral growth. With the energy transition pressuring … Read More
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: Seplat Energy to Acquire ExxonMobil’s Shallow Water Business for $1.28B
Seplat Energy has announced that it has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation. According to financial … Read More
NIGERIA: Content Intervention Fund exceeds $500m-Wabote
The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said. … Read More
Gas Output from Sub-Saharan Africa set to Double by 2030, Driven by Deepwater Developments
Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in … Read More
NIGERIA: Savannah Energy Signs GSA with the Central Horizon Gas Company
Savannah Energy has announced that its Accugas subsidiary has entered into a new gas sales agreement (GSA) with the Central Horizon Gas Company (CHGC), a subsidiary of Axxela Limited (“Axxela”), … Read More
Fossil Fuels : Serial Polluters that Nigeria should abandon – Greenpeace
The explosion of the Trinity Spirit Oil vessel, owned by Shebah Exploration & Production Co and managed by Sepcol has caused the death of at least three crew members. Greenpeace … Read More
Ensuring Future Generations Benefit from Africa’s Oil and Gas Resources
John Hamilton, CEO of Panoro Energy, provides insight into how the continent can spur exploration and production in 2022 and beyond. While Africa looks to accelerate the development of its … Read More