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...
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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,...
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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...
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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...
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Nigeria to Award 45 Gas Flare licenses in June
As part of its efforts to end gas flaring in Nigeria and increase its gas footprint, the Federal Government of Nigeria will grant 45 licenses to qualified bidders in June...
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Oil Prices Rose on Monday Amid European Economies’ Reopening
Oil prices rose on Monday, May 24, 2021, kicking off the week on a positive note and continuing the steady recovery of oil prices as major economies across Europe reopen...
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Baker Hughes and Petrojet Have Signed an Agreement to Cooperate in Egypt
Baker Hughes and Egypt's Petrojet have signed a memorandum of understanding (MoU) to expand their collaboration in the areas of supplying specialised petrochemicals including well efficiency, petrochemical transportation, warehouse tests, sulfur...
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Seplat Petroleum Development Company to Change its Name to “Seplat Energy Plc”
At the annual general meeting of Seplat Petroleum Development Company Plc that held in Lagos, Nigeria, on 20th May 2021, shareholders of the company approved the change of name to...
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Sonatrach and Sinopec Sign MoU to Strengthen Partnership on Zarzaitine, Algeria
The Algerian oil company, Sonatrach, and its Chinese partner, Sinopec, have signed a memorandum of understanding (MoU) to show the commitment of both parties to consolidate their existing relations, to...
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Total to Change its Name to “Total Energies”
At the 5th Sub Saharan African International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PTAN), the Chief Executive Officer of Total, Mike Sangster, disclosed...
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