Blog - Ibe Kachikwu

21st April 2021

Algeria: Sonatrach Terminates Contract of Petroceltic Ain Tsila in the Ain Tsila Gas Field

Algerian national oil company, Sonatrach, has terminated the contractual interest held by Sunny Hill Energy through its wholly-owned subsidiary, Petroceltic Ain Tsila, in the Ain Tsila gas field in southeast...

21st April 2021

Panoro Energy Completes Farm-in to Block 2B Offshore South Africa

After receiving the necessary government approval, Panoro Energy has announced that it has closed the previously announced farm-out agreement (FOA) on Block 2B offshore South Africa. Last year, the company...

20th April 2021

Sonangol Sells its Puma Energy Shares for $600M to Trafigura

Angolan state-owned oil company, Sonangol, has agreed, in a tripartite agreement, to sell 31.78% of its assets held in Puma Energy to Trafigura at $600 million. In another transaction, the...

20th April 2021

ENI Signs PSA for Block 7 in Ras Al Khaimah, UAE

A subsidiary of Italian oil and gas giant, Eni RAK, has been awarded an upstream exploration block by the Ras Al Khaimah government. ENI RAK signed the exploration and Production...

19th April 2021

ReconAfrica Provides Update on ‘a working petroleum system’ in the Kavango Basin, Namibia

Namibia’s Ministry of Mines and Energy (‘MME’) and Reconnaissance Energy Africa (‘ReconAfrica’) have announced a preliminary analysis of the data from the 6-2 well, the first of a three well...

19th April 2021

Maersk Drillship to be Used in Drilling Block F13 Offshore Gabon

Maersk Drilling has been awarded a one-well contract from a subsidiary of Petronas, PC Gabon Upstream S.A., for the provision of a deepwater drillship to drill an ultra-deepwater exploration well...

17th April 2021

Total Postpones South African Drilling; Nigerian NETCO to Expand to Equatorial Guinea

SOUTH AFRICA According to Reuters, French oil and gas group, Total, through the consultant conducting the environmental and social assessment in Block 11B/12B, SLR Consulting, has written to postpone its...

16th April 2021

Nigeria: BUA’s Refinery in Akwa Ibom to be Operational by 2024

After the signing of a progress acknowledgement statement between BUA Group and Axens of France for the proposed 200,000 barrels per day refinery in Akwa Ibom State, Nigeria, the Group...

15th April 2021

NNPC Recorded N234.722b petrol sales in January; Reduction in Pipeline Vandalism

In the January 2021 edition of the Nigerian National Petroleum Corporation's (NNPC) Monthly Financial and Operations Report (MFOR), the national oil company recorded about N234,722,222,150 from the sale of the...

15th April 2021

Libya Submits Oil Production Figure to OPEC for the First Time Since 2015

For the first time since March 2015, Libya has officially reported a production figure to the Organisation of Petroleum Exporting Countries (OPEC), stating it pumped 1.283 million barrels per day...