Uncategorised Archives | Page 59 of 119

3rd April 2021

Lukoil Withdraws from Purchase of FAR’s Interest in Senegal Project

Australian oil and gas company, FAR Ltd, has announced that Russia's Lukoil will not be making a legally binding takeover offer, which means that Woodside returns as the leading company...

2nd April 2021

Marketers Should be Allowed to Determine Gas Prices in Nigeria – DPR

At the Pre-Summit Conference of the Nigerian International Petroleum Summit (NIPS), on the theme: 'The Decade of Gas – Towards a Gas-Powered Economy’, the Director of the Nigerian Department of Petroleum...

2nd April 2021

Namibia’s NAMCOR Takes Charge of the National Oil Storage Facility

The National Petroleum Corporation of Namibia (NAMCOR) has taken charge of the operation and maintenance of the country's multi-million-dollar National Oil Storage Facility. The facility consists of a tanker jetty,...

1st April 2021

Tower Resources Granted Extension of PSC Exploration Period by Cameroon

The AIM-listed oil and gas company, Tower Resources, has announced an update regarding its planned operations on the Thali license in Cameroon held by its subsidiary Tower Resources (TRCSA) and...

1st April 2021

Several Vessels Waiting to Pass-Through Suez Canal as it Reopens

After the unblocking of the Suez Canal on Monday, 29th March 2021, several Liquefied Natural Gas (LNG) and other vessels are waiting for the canal to become fully operational. According...

31st March 2021

PGS Awarded High-Fidelity 3D Exploration Program Offshore Egypt

Petroleum Geo-Services (PGS) has been awarded a high-fidelity 3D exploration program offshore Egypt. The survey is to be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing...

31st March 2021

Invictus Energy Signs Petroleum Exploration Development and Production Agreement with Zimbabwe

Following approval from the President of Zimbabwe, H.E. Emmerson Mnangagwa, the Petroleum Exploration Development and Production Agreement (PEDPA) between Invictus Energy's 80% owned subsidiary, Geo Associates, and the Republic of...

30th March 2021

Nigeria’s Crude Oil Capacity Will Drop by 200,000 BPD by 2026 – IEA

In a new report titled 'Oil 2021: Analysis and forecast to 2026' the International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to 1.6...

30th March 2021

Iraq Signs Over $7 billion Energy Deal with Total

Iraq has signed a preliminary agreement with French oil and gas group, Total, that includes four (4) projects to develop oil fields, produce gas, build large energy infrastructure and generate...

29th March 2021

Gas Production in Nigeria Declined by 3% in One-Year

A report from the Nigerian National Petroleum Corporation (NNPC) which covers the period - November 2019 to November 2020, showed that the gas sector saw a marginal decline by 3%...