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Zenith Energy Completes the Acquisition of Candax Energy’s Interest in Tunisian Assets

Zenith Energy has announced that its fully-owned subsidiary, Compagnie Du Desert (‘CDD’), has completed the acquisition of a 100% interest in the fully owned subsidiary of Candax Energy in Barbados,...
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PGS to Provide Modern MultiClient Seismic Data for Egyptian Offshore Licensing Round

Following the Egyptian Ministry of Petroleum's announcement of an Offshore Licensing Round in a highly prospective area of the eastern Mediterranean, Petroleum Geo-Services (PGS) has announced that it has 3,400...
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DMRE South Africa Announces Reduction of Petrol Price for May

The Department of Mineral Resources and Energy, South Africa, has announced that the price of petrol will reduce by nine (9) cents a litre in May. The reason for this...
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Nigerian UTM Offshore to Sign Pre-FEED Contract for its LNG Plant with JGC Corporation

Indigenous oil and gas company, UTM Offshore, has commenced the development of its 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant with the Pre-Front End Engineering...
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OPEC Discusses Impact of COVID-19 Surge in India in latest MOMR; 2021 Demand Forecast Unchanged

In the latest edition of the Organisation of Petroleum Exporting Countries’ Monthly Oil Market Report (MOMR), the Group did not change its projected global oil demand forecast for 2021 due...
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Panoro Energy Says DHIBM-2 Extension Well Found no Hydrocarbon Reserve

Panoro Energy has announced that the Borr Norve jack-up rig that is currently drilling the DHIBM-2 Hibiscus Extension well has drilled through the main targeted Gamba sandstone in a structurally...
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Total begins Production from Zinia Phase 2 on Block 17 in Angola

The operator of Block 17 in Angola, French oil and gas group, Total, and the Angolan National Oil, Gas and Biofuels Agency have announced the start of production from the...
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Shell to Hand Over Tunisian Upstream Concessions by 2022

Oil and gas giant, Shell, has officially informed the Tunisian Ministry of Energy Transition of its decision to hand over the Miskar concession (Gabes) upon the license expiry in June...
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Brent Crude Rises to Almost $70; May Pose Threat to Nigerian Government’s Subsidy Payment

The international oil benchmark, Brent Crude, was just about 30 cents away from hitting $70 amid market optimism on the United States and Europe reopening.  According to data from Oilprice.com,...
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Kenya and Tanzania Sign Gas Pipeline Deal; To Jointly Combat COVID-19

East African countries, Kenya and Tanzania, have signed a gas pipeline deal that is to run between the coastal cities of Mombasa in Kenya and Dar es Salaam in Tanzania....
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