Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1.3 billion agreement announced early in 2024.The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its deepwater and integrated gas positions…
Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa.DOF will deliver project management, engineering…
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…
Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking…
The Nigerian National Petroleum Company (NNPC) and its joint venture (JV) partner FIRST Exploration & Petroleum Development Company (FIRST E&P) have confirmed a significant hydrocarbon discovery in the Songhai Field, located the shallow water region of Bayelsa in Nigeria…
Tanzania said on Thursday it will launch its fifth oil and gas licensing round in May in which 26 exploration blocks will be put to auction to help draw fresh investment in the east African country's hydrocarbons sector.Of the blocks on offer…
BW Energy has made a ‘substantial’ oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu license, offshore Gabon. The well was drilled by Borr Drilling’s Norve jack-up rig to a total depth of 4,135 meters.Evaluation…
Africa-focused oil firm Tower Resources has agreed to purchase an additional 5% interest in the PEL96 license offshore Namibia from its local partner, ZM Fourteen Investment.The AIM-listed company will acquire additional share through its wholly-owned subsidiary Tower Resources (Namibia) Limited…
Africa-focused oil and gas company VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, which will be used for its investment programs across diversified asset base over the next few years…
BP has completed drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.Drilled using the Valaris DS-12 drillship…
A gas leak has been detected at a well of the BP-operated Greater Tortue Ahmeyim gas project offshore Senegal and Mauritania, the British company and Mauritania's environment ministry said on Wednesday.BP said the environmental impact from the leak was expected to be negligible…
BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, situated offshore between Mauritania and Senegal.The British multinational oil and gas firm anticipates the environmental…
The Ministry of Petroleum and Mineral Resources of Egypt has opened a licensing round, offering seven offshore blocks in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert in an effort to attract further investments in the country’s oil and gas industry…
Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), announced in a televised address on Monday.Libya is Africa's second-largest oil producer and…
Africa-focused oil and gas company VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, becoming the operator of the block with ‘significant prospectivity’.VAALCO will become operator of the block with a 70% working interest…
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