Africa Oil & Gas: Uganda to finalise oil exploration deal with Nigeria’s Oranto Petroleum

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The deal with Oranto covers the Ngassa Shallow Play and Ngassa Deep Play exploration blocks

Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday. Continue reading

Africa Oil & Gas: Nigeria Oil Minister Warns OPEC Won’t Play Price Regulator Forever

Emmanuel Ibe Kachikwu

Nigeria Oil Minister Emmanuel Ibe Kachikwu

In the latest sign that OPEC is becoming increasingly nervous about the absent success of its oil production cut deal, Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu warned the U.S. and other non-OPEC producers that OPEC cannot continue indefinitely to just take the tank, take the blames and take the issues and yield the market space and also create the cuts that are essential to stabilise.” Continue reading

Africa Oil & Gas: LEKOIL receives Nigeria ministerial consent for OPL310 farm-in

LeKOIL

OPL 310, Image courtesy by Lekoil

AIM-listed LEKOIL, the oil and gas exploration, development and production company with a focus on West Africa, has announced that the Honourable Minister of Petroleum Resources of Nigeria has granted consent to complete the transfer of the original 17.14% participating interest that LEKOIL acquired in OPL 310 in February 2013 to Mayfair Assets and Trust, a subsidiary of LEKOIL.  Continue reading

Africa Oil & Gas: Nigerian Strike At Exxon Spills Over To Chevron, Shell, Eni

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Nigeria ExxonMobil headquarters

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Pengassan, started on Monday a three-day nationwide strike at Chevron, Shell, and Eni’s unit Agip in a solidarity protest over the layoff of union members from ExxonMobil, Pengassan’s general secretary Lumumba Okugbara told Reuters on Tuesday. Continue reading

Analysis: Gas-to-power supply chains in developing countries – the case of Nigeria, Bangladesh

Gastopower

Gas-to-power facilities

This is an excerpt from a paper by the Oxford Institute for Energy Studies published in March 2017. 

In a recent paper we provide a comprehensive analysis of the gas to power supply chains in Nigeria and Bangladesh. This short article draws on the results of that study. Continue reading

Africa Oil & Gas: Savannah Petroleum provides update on upcoming Niger drilling campaign

savannahThe Company can confirm that the focus of its initial three well drilling campaign is intended to be on the R3 PSC.  The R3 PSC Area sits within a proven petroleum ‘sweet spot’ in the basin, with some of the largest discoveries located in adjacent areas to the north and south, including the currently producing fields.  It is also located in close proximity to existing and planned infrastructure in the basin.  Continue reading