When the Nigeria National Petroleum Company Limited (NNPC Ltd) began oil exploration in the North about two years ago under former President Muhammadu Buhari’s administration, it not only came as a sigh of relief for the region but a sign of progress for a country whose oil exploration has been in the southern part.
Namibia has ambitions to become one of the largest oil producers in Africa by 2035, with an average output of half a million barrels daily, displacing Egypt in the top five list, a government official has said.
Eni has finalized the divestment of its onshore oil and gas exploration and production subsidiary in Nigeria to local player Oando PLC for nearly $800 million.
In January this year, ONGC had started producing oil, which is converted into fuels like petrol and diesel in refineries, from the KG-DWN-98/2 or KG-D5 block.
Senegal has set up a commission of legal, tax, and energy sector experts to review its oil and gas contracts and work to rebalance them in the national interest, Prime Minister Ousmane Sonko said on national television on Monday.
BP has acquired an interest in a Chinese company that develops sustainable aviation fuel—an alternative to jet fuel seen as a tool for lowering the emissions footprint of the air transport industry.
OMV and its partners have discovered gas in wildcat well 6605/6-1 S in the Norwegian Sea.
Liberia has launched a direct negotiation licensing round for 29 offshore blocks, government authorities and partner TGS announced on Thursday.
Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni for a total consideration of $783 million.
The country is the second-largest producer of natural gas in the continent following Algeria, and the fourth-largest holder of natural gas reserves.