Blog - Page 60 of 124 - Ibe Kachikwu

26th April 2021

US Import of Nigeria Crude Oil Dropped to the Lowest in Five Years in 2020

According to data from the US Energy Information Agency, the United States imports of Nigerian crude oil fell by 64.12%, the lowest in five (5) years, in 2020. The US...

25th April 2021

Nostra Terra Announces Progress on its Potential Entry into Tunisian Oil Sector

AIM-listed oil and gas exploration and production company, Nostra Terra Oil & Gas, has announced that it has made progress with the strategic expansion of its portfolio into North African...

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...