Kazakhstan Offers Technical Expertise to Boost Nigeria’s Oil Transportation
Kazakhstan Offers Technical Expertise to Boost Nigeria’s Oil Transportation Nigeria has expressed strong interest in obtaining Kazakhstan’s advanced oil and gas transportation expertise, both overland and maritime, during meetings between Kazakhstan’s Energy Minister Yerlan Akkenzhenov and Nigerian traditional ruler Oba Adeyeye Enitan Ogunwusi. The Nigerian delegation specifically emphasized needs for state-of-the-art transportation methods and specialist […]
SBM Offshore Exits Equatorial Guinea with FPSO Divestment Deal
SBM Offshore Exits Equatorial Guinea with FPSO Divestment Deal Netherlands-based SBM Offshore is completing its withdrawal from Equatorial Guinea through a strategic divestment of its FPSO Aseng interests to the country’s national oil company GEPetrol. The transaction involves SBM’s full equity stake in the lease and operating entities, with operational transition expected to take up […]
Petrobras Declares Interest in Ivory Coast Offshore Exploration Blocks
Petrobras Declares Interest in Ivory Coast Offshore Exploration Blocks Brazilian oil giant Petrobras has submitted declarations of interest for nine exploratory blocks in Ivory Coast’s offshore waters, marking the first phase of the company’s African expansion strategy. The Ivory Coast government’s Council of Ministers has approved the declarations, providing Petrobras with negotiation exclusivity for the […]
Addax Petroleum Secures Extended Drilling Campaign Off Cameroon Coast
Addax Petroleum Secures Extended Drilling Campaign Off Cameroon Coast Addax Petroleum has contracted ADES Holding Co. to provide the Admarine 510 jackup rig for an extensive offshore drilling program in Cameroon waters. The 12-month firm contract, valued at $34.7 million including mobilization costs, includes options for two six-month extensions, potentially extending operations to 24 months. […]
Egypt’s Petrojet Lands $21.76 Million Jordan LPG Infrastructure Deal
Egypt’s Petrojet Lands $21.76 Million Jordan LPG Infrastructure Deal Egyptian construction specialist Petrojet has secured a substantial $21.76 million contract to develop liquefied petroleum gas storage infrastructure in Jordan’s port city of Aqaba. The project involves engineering, procurement, and construction of two spherical tanks, each with 2,000-ton LPG storage capacity, supporting Jordan’s growing energy demands. […]
Eco Atlantic Gains Approval for Strategic South African Block Acquisition
Eco Atlantic Gains Approval for Strategic South African Block Acquisition Independent exploration company Eco Atlantic Oil & Gas has received official approval from South Africa’s Department of Mineral and Petroleum Resources to secure 75% operatorship of Block 1 in the highly prospective Orange Basin. The 19,929 square kilometer block straddles the South Africa-Namibia maritime border […]
Angola Welcomes Game-Changing Oil Platform Months Ahead of Schedule
Angola Welcomes Game-Changing Oil Platform Months Ahead of Schedule Angola has received a significant boost to its oil production capabilities with the early arrival of the Agogo floating production, storage and offloading unit (FPSO), delivered by China’s Cosco Shipping months ahead of schedule. The advanced platform will enable operations to begin as early as November […]
Niger State Courts Dangote Group for Major Oil Basin Development Partnership
Niger State Courts Dangote Group for Major Oil Basin Development Partnership Niger State Governor Umaru Muhammed Bago is actively seeking partnership with the Dangote Group to unlock the massive crude oil potential discovered in the state’s Bida Basin. Speaking at the Dangote Special Day event during the Niger National Trade Fair in Minna, the governor […]
Oando Secures Massive $375 Million Financing Boost, Targets 100,000 Barrels Daily
Oando Secures Massive $375 Million Financing Boost, Targets 100,000 Barrels Daily LAGOS – Nigerian energy giant Oando Plc has successfully secured a substantial $375 million capital injection from African Export-Import Bank and Mercuria, dramatically expanding its reserve-based lending facility as the company aggressively pursues ambitious production targets. The refinancing deal extends the facility’s maturity to […]
Brazil’s Petrobras Sets Sights on Africa as Primary Expansion Target
Brazil’s Petrobras Sets Sights on Africa as Primary Expansion Target RIO DE JANEIRO – Brazil’s state oil giant Petrobras is making Africa its main exploration frontier outside Brazil, with CEO Magda Chambriard revealing ambitious plans to leverage geological similarities between the regions. The announcement comes as Ivory Coast extends a “red carpet” welcome, granting Petrobras […]