Saipem and Subsea7 have announced a memorandum of understanding (MoU) has been reached for a likely mega-merger to join the two companies.
Black Gold Exploration Corp. (BGX) has commenced drilling on the Fritz 2-30 oil and gas well in Clay County, Ind. BGX recently acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler Energy.
Pecan Energies aims to be one of West
Africa’s most efficient oil producers by
adhering to industry benchmarks for
energy intensity, particularly in ultradeepwater oil production.
African Export-Import Bank (Afreximbank) has unveiled plans to establish a $1 billion oil service financing facility in Guyana, which aims to enhance local participation in the country’s fast growing oil industry.
Ivory Coast has exceeded initial estimates for production from its Baleine oil and gas field, according to government spokesman Amadou Coulibaly.
The Nigerian government aims to boost the country’s oil production by 1 million barrels per day (bpd) by December 2026, from the current 1.75 million bpd, the head of the upstream regulator of Africa’s top crude producer said.
The African Energy Chamber calls for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa’s oil and gas industry.
The Bank of Ghana has released its report on the performance of Ghana’s Petroleum Funds for the second half of 2024.
Yinson Production Ghana has empowered over 100 scholars through career guidance and counselling programmes.
The Guyana-Suriname Basin has seen significant activity in recent years, with Guyana alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in the burgeoning energy powerhouse continue to explore and develop its resources, the focus on its coastal neighbor, Suriname, is growing.