The board of Seplat Petroleum has given a go-ahead for the Assa North – Ohaji South gas developmental project, SweetcrudeReports has learnt. The development of the Assa North – Ohaji South, ANOH project in Oil Mining Lease, OML, 53, is at the core of Seplat’s plans to significantly increase gas production and operated processing capacity…
London — Some April-loading Angolan crude cleared on Monday while some fresh tenders were issued and were expected to mop up some Nigerian crude. BP sold a cargo of Kissanje to Unipec. BP was previously offering the cargo at dated Brent plus $1.30 a barrel. The deal price did not immediately emerge but it was below…
Mexican Energy Minister Rocio Nahle said on Monday that the oil refinery that the new administration seeks to build will cost between $6 billion and $8 billion and be ready in three years. Speaking on local radio, Nahle’s cost and timing estimates for the project are in line with what President Andres Manuel Lopez Obrador…
Colombia’s government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million. Colombia recently modified contractual terms for offshore exploration and launched a Permanent Area Allocation Process so companies can apply to explore in…
Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the shutdown of the facility on February 28. A spokesperson for Aiteo Eastern Exploration and Production, the operator of the 97 kilometres crude oil pipeline, Masade…
LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce the following debt facilities update. In 2018, as announced, the Company agreed in principle to refinance a portion of and redenominate its outstanding Naira debt facilities, totaling approximately 3.08 billion Naira, into United States…
United Oil & Gas has signed an option agreement with Elephant Oil to farm in to the Block B onshore acreage in Bénin, potentially taking a 20% interest in the production sharing agreement (‘PSC’). The Bénin Onshore Block B is located in the Dahomey Embayment (Coastal Basin) and covers an area of 4,590 sq km…
Aptech Africa recently successfully designed, built and installed the first off-grid solar battery hybrid power system in South Sudan. This USAID-funded project, developed by AECOM International, incorporated a one-of-a-kind containerized PV storage solution by SustainSolar. In record time, Aptech Africa planned, installed and commissioned the 79kWp ground mounted solar power system which feeds the 125-kWh…
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad. OPIC’s loan will help FinLux Ellen Sarl distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Chad, providing them with an affordable…
Airlines operating from the Jomo Kenyatta International Airport (JKIA) in Nairobi were Thursday forced to divert to regional airports for fuelling as stocks of the commodity neared depletion. The fuel shortage, which is expected to persist till Sunday, has been blamed on inadequate orders by oil marketing companies that sell directly to airlines. In an…
