NOC Libya Lifts Force Majeure on Marsa el-Hariga Terminal
In a statement on Monday, 26th April 2021, the National Oil Corporation of Libya (NOC) stated that crude loadings out of the 250,000 b/d Marsa el-Hariga terminals were set to...
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ADM Energy Completes Barracuda Field Acquisition Offshore Nigeria
ADM Energy has announced the completion of its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, offshore...
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Algerian Natural Gas Exports Increased in Q1 2021 – Sonatrach
In a statement released last week, the national oil company of Algeria, Sonatrach, announced that Algerian gas exports recorded an increase in the first quarter of 2020, due to an...
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BP Announces Gas Production from the Third Stage of West Nile Delta Development in Egypt
BP has announced gas production from the Raven field, off the Mediterranean coast in Egypt. This is the third stage of its major West Nile Delta (WND). The WND development...
Read More 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...
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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...
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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...
Read More 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...
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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...
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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...
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