News Feeds

Author | Legal Icon | Energy Expert

A.A. Rano, Shafa, Emadeb, Matrix Among Nigeria’s Marginal Oil License Bid Round Winners

On Monday, May 31, 2021, the Nigerian Department of Petroleum Resources (DPR) granted marginal oil field licenses to winning bidders for the 2020 Marginal Oilfield Round in a ceremony held...
Read More

From Total to TotalEnergies

Following the prior announcement that Total would change its name to TotalEnergies to reflect its strategy transition into a comprehensive energy firm, shareholders unanimously approved the name change at the...
Read More

Senegal: FAR Receives Approval for Sale of its RSSD Interest to Woodside

FAR Ltd provides update on sale of its interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore project (RSSD) to Woodside. A released statement read: “FAR Limited has...
Read More

Nigeria: Successful Marginal Rounds Bidders will get award letters from DPR this week

According to the Nigerian Department of Petroleum Resources (DPR) Head of Public Affairs, Paul Osu, the award ceremony for the winning bidders in the 2020 marginal field bid round will...
Read More

NNPC to Purchase a 20% stake in Dangote Refinery; Says Nigeria has a Market for Hydrocarbons

The Nigerian National Petroleum Corporation's Chief Operating Officer, Refining and Petrochemicals, Mr Mustapha Yakubu, at the end of a two-day Nigeria Oil and Gas Opportunity Fair (NOGOF) titled "Leveraging Opportunities...
Read More

NIGERIA: Decklar Resources has Provided an Update on its Oza-1 Well Re-Entry

The Oza Field is a conventional stacked sands reservoir (12 zones) with proven reserves and identified exploration upside located onshore in the northern part of Oil Mining License (OML) 11...
Read More

Tema Oil Refinery Refutes Reports it is on the Verge of Shutdown

Contrary to allegations that the Tema Oil Refinery (TOR) is on the verge of failing due to its failure to pay utility bills, the refinery's managers have denied that the...
Read More

Aker Energy is Looking to Farm Down in the DWT/CTP Block Offshore Ghana

To mitigate the negative effects of COVID-19, Norwegian operator Aker Energy plans to sell a portion of its 50% participation interest in Ghana's Deepwater Tano Cape Three Points (DWT/CTP) block,...
Read More

In a historic AGM, ExxonMobil Loses Two Board Seats to Activist Investor

ExxonMobil, America's largest oil firm, lost two (2) board seats to Engine No. 1's nominated directors, an activist investor. The hedge fund intended to remove four directors from the board...
Read More

Dana Gas Searching for Financing Partner to Drill Thuraya Prospect in Egypt

Dana Gas, the operator of Block 6 off the coast of Egypt, is looking for a financial partner to help fund the exploration of a "primary" prospect in the Block...
Read More