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Sonangol to Sell Stakes in Eight Onshore and Offshore Blocks in Angola

Sonangol, the state-owned oil company of Angola, has announced the start of a sale process for a portion of its stakes in eight offshore and onshore oil blocks (some in...
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Liberian Government Calls for Direct Negotiations for 33 Offshore Blocks

The Liberian government, through the Liberia Petroleum Regulatory Authority (LPRA), in collaboration with the National Oil Company of Liberia (NOCAL), has announced its intention to open 33 offshore blocks (LB-1...
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APPO Delegation attends NIPS2021

The 4th Nigeria International Petroleum Summit (NIPS) held in Nigeria's Federal Capital Territory, Abuja, earlier this month. Several delegates from Nigeria, Africa, and the rest of the world attended the...
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Enyo’s Downstream Assets in Nigeria Have Been Bought out Completely by AP

Ardova Plc (AP) has been strategically positioning itself in the Nigerian downstream industry since it acquired Forte Oil in 2019. To that aim, the firm announced earlier this week that...
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Nigeria has Flagged Off the NLNG Train 7 Project

Nigeria's President, Muhammadu Buhari, officially launched the Nigeria Liquefied Natural Gas Train 7 project in Bonny, Rivers State, yesterday, June 15, 2021. The Deputy Governor of Rivers State, Ipalibo Banigo,...
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TotalEnergies is very close to having 100% Nigerian content in its operations

Speaking at the recently concluded Nigeria International Petroleum Summit (NIPS) in Abuja, Mike Sangster, the Managing Director of TotalEnergies, Nigeria, noted that the company's largest operation in the country now...
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Tullow Oil has sold its Dussafu Marin permit to Panoro Energy in Gabon

Panoro has paid Tullow Oil $39 million for the Dussafu asset, as well as $5 million in contingent consideration for the Equatorial Guinea agreement. This transaction also includes contingent cash...
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World’s Largest Oil Exporters Disagree with IEA’s “Unrealistic” 2050 Net Zero Roadmap

Some of the world's most powerful oil and gas leaders have dismissed the International Energy Agency's proposal for an immediate halt to oil and gas investments to reach net-zero emissions...
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South Africa to Amend Electricity Regulation Act to Allow IPPs Generate Electricity

President Cyril Ramaphosa of South Africa has declared that the government intends to amend Schedule 2 of the Electricity Regulation Act, which is a critical new step in the restructuring...
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ReconAfrica Discovers Petroleum System at Kavango Sedimentary Basin in Namibia

In Namibia's Kavango Sedimentary Basin, ReconAfrica has announced the discovery of a functional petroleum system in the first part of its second well (6-1). The 6-1 and 6-2 wells, which...
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