Oslo-listed oil and gas E&P player BW Energy has struck oil at a pilot appraisal well located on a field in the Dussafu license off the coast of Gabon. The drilling activities were carried out with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.
Stakeholders in the oil and gas industry have been encouraged to adopt innovative pricing and decarbonisation strategies to drive Africa’s energy transition.
The newly established Sentuo Oil Refinery Limited stands to receive the highest tax exemption among 42 companies if Parliament approves a request for exemptions totalling $335,072,712.13 under the government’s One District One Factory (1D1F) initiative
Gross productions from Jubilee reached 93 kbopd (36 kbopd net) while surpassing expectations, TEN yielded 19 kbopd (10 kbopd net). The interim gas sales agreement that is currently in place for Jubilee associated gas has been extended for 18 months at US$2.95/mmbtu with applicable indexation.
Seatrium Limited has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel offshore Guyana to support ExxonMobil’s Stabroek block development.
The Chairman of the Dangote Group, Aliko Dangote has announced that Nigeria will no longer need to import gasoline by June thanks to the Dangote Refinery.
Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mackenzie.
Foreign oil companies in Venezuela are concerned they won’t get licenses from the US in time to allow them to operate after May 31.
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km off the coast of Angola. The value of the contract is around $850 million.
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday.