Victoria Oil & Gas has announced that its wholly owned subsidiary Gaz du Cameroun (‘GDC’) has received the Decree signed by H.E President Paul Biya on December 17, 2018, authorising the transfer of interest in the Matanda Production Sharing Agreement (‘Matanda PSC’) licence assigned from Glencore in early 2016. Highlights GDC has now secured 75% ownership and is operator of the…
The Kenyan government is on the spot for ceding the importation of liquefied petroleum gas to a private company, something that has made efforts to make cooking gas affordable and accessible to the majority come to naught. Despite implementing fiscal policies, subsiding cylinders and going to the extent of launching a cooking gas programme to…
Sounde Energy, the Moroccan focused upstream gas company, announced December 27 the preliminary results of intermediate wireline logs at TE-10, which indicate the presence of gas bearing sands in the TAGI. James Parsons, Chief Executive Officer of Sound Energy, commented: ‘These positive initial results underscore our confidence in the exploration potential across the broader basin….
National Oil Corporation (NOC) and Sonatrach, the state-run firms of Libya and Algeria, respectively, met to discuss joint activities and balance sheets for 2018 for Blocks 65 and 95/96 in the Ghadames basin. The budget for 2019 covering the two blocks was also part of the discussion. The parties also discussed a report evaluating the…
Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update in relation to its Egyptian portfolio. Current production from the Abu Sennan concession is approximately 3,800 barrels of oil per day (“bopd”)…
Globally 71 FPSOs are expected to start operations by 2025. South America will continue to lead globally with planned deployment of 31 FPSOs, followed by Africa and Europe with 16 and seven FPSOs, respectively by 2025. Among countries, Brazil continues to dominate in terms of deployment of planned and announced FPSOs, followed by Australia, Angola…
The Business Development Manager Ecleroen GMBH, Ulf Lohse has emphasised the need for Nigeria to boost investment in solar energy to address the lingering power crisis in the country. He spoke at a two-day public forum organised by Econsultants Limited in conjunction with German eclareon GmbH, Ideas Into Energy GmbH and the German Federal Ministry…
The Federal Government has said the funding for early works of resettlement and surveys is ongoing for the $5.72 billion (about N2 trillion) Mambilla hydropower project in Taraba State expected to generate 3050 megawatts (MW). There have been legal crisis by acclaimed local partner, Sunrise Power and Transmission Company, that could derail the kickoff of…
The Transmission Company of Nigeria (TCN), says the Board of French Development Agency (AFD) has approved 245 million dollars for the implementation of transmission projects in northern corridor. Mrs Ndidi Mbah, the General Manager, Public Affairs, TCN, who made this known in a statement on Monday in Abuja said that the fund was approved on…
The power transmission capacity in the North-East has increased by 100 per cent, the Transmission Company of Nigeria has said. According to the TCN, the transmission capacity in the region doubled after the recent installation of two 330kV transmission substations in the North-East. On the transmission capacity in the North-East, he said, “We have concluded…