Sierra Leone said on Thursday it had signed a petroleum licence agreement with Nigeria‑based Marginal Energy Limited, granting the company offshore exploration and production rights as the government seeks to revive interest in its under‑explored upstream sector.The licence, signed through the Petroleum Directorate of Sierra Leone (PDSL), covers offshore blocks G‑145, G‑146, G‑147, G‑160 and G‑161…
Nigeria could double investment into its energy sector within five years after joining the International Energy Agency, its chief Fatih Birol said on Thursday, as nations seek partners they can 'trust' after supply disruptions from the wars in Iran and Ukraine…
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments…
Nigerian oil producer Renaissance Energy said on Tuesday it had made an oil discovery offshore Nigeria after drilling an exploration well in Oil Mining Lease (OML) 74, its first major success since taking over the asset last year.Preliminary results showed about 1…
TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday.The deal is part of efforts to consolidate…
Subscribe
