Eni, the Italian multinational oil and gas giant, has officially concluded the sale of its Nigerian subsidiary, Nigerian Agip Oil Company (NAOC), to Oando PLC, a prominent energy solutions provider headquartered in Nigeria. The transaction, valued at $783 million, represents a significant development in the West African oil sector and marks a strategic realignment for […]
Afentra plc (AIM: AET), the upstream oil and gas company with a focus on African assets, has officially been awarded the KON 19 onshore license in Angola, further cementing its strategic footprint in the region. The formal agreement, signed with the Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), follows the initial announcement made on […]
Aker BP, along with its partners, has made headlines with the discovery of a significant gas deposit in wildcat well 7324/8-4 (Hassel) located in the Barents Sea, roughly 300 kilometers off the northern coast of Norway. This discovery is situated within production licence 1170, a territory awarded during the APA 2021 rounds. This marks the […]
Vår Energi, alongside its partners, has made a notable oil discovery in the Cerisa exploration well within production license PL 636 in the Norwegian Continental Shelf, marking a significant step forward in the region’s oil exploration endeavors. The Cerisa well, operated by Vår Energi and its partners, yielded an estimated gross recoverable resource of between […]
Aker BP has reported a notable gas discovery at the exploration well 7324/6-2, known as “Ferdinand nord,” located in the Barents Sea. This discovery is the first for production licence 1170, which Aker BP was awarded during the Awards in Predefined Areas in 2022 (APA 2021). The exploration well was drilled using the Scarabeo 8 […]
CNOOC Limited has announced the commencement of production at the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project, marking a significant advancement in its operations. Located in the central Bohai Sea with an average water depth of about 23 meters, this project plays a critical role in the company’s expansion strategy. The […]
In a strategic move set to impact the Australian energy sector, Bengal Energy Ltd. (TSX: BNG) announced the completion of its Field Resource Maturation and Development Plan (“Plan”) for its Tookoonooka Potential Commercial Area (“PCA”) 332 (“PCA 332”). This plan signifies a pivotal step in harnessing the untapped potential of PCA 332, which spans a […]