Romania’s offshore drilling and service provider GSP Holdings has announced plans to establish its subsidiary in Nigeria. According to Gabriel Comanescu the CEO of GSP Holding and President of the Board, the company was already in talks with local partners. “We are targeting pipeline and offshore construction projects that will start from Q1 2016. Negotiations are well advanced with...

Four international oil trading companies have joined 96 other companies bidding for the Nigerian National Petroleum Corporation (NNPC)’s Offshore Processing Agreements (OPA), Vanguard reports. The companies namely, Glencore, Vitol S.A, BP Oil international and Total Oil Trading S.A are to lift approximately 210,000 bbls of the country’s crude oil within a period of 12 months starting from...

Swala Energy has said that its affiliated company Swala Oil and Gas (Tanzania) Plc and Tata Petrodyne Ltd (TPL) have concluded the outstanding terms of their farmout agreement for the Kilosa-Kilombero and Pangani licences in Tanzania. Subsequent to the finalization the parties shall now advance to payment of the reimbursable past costs of US$5.7 million, due within five working days from...

The former Minister of Petroleum Resources Mrs Diezani Alison-Madueke who was arrested last week by the United Kingdom’s National Crime Agency (NCA) will not be able to leave the United Kingdom, until April, next year when the investigations into allegations filed against her are likely to have been concluded, according to Judiciary sources. Alison-Madueke was arrested along with four others....

The National Petroleum Corporation of Namibia (Namcor) is firm that the much-expected N$35 billion Kudu gas-to-power project, which has been flaunted as the answer to the country's electricity woes, is feasible and bankable. In actual fact, Namcor has before now spent N$285 million in executing a cabinet directive to develop the Kudu gas field. Allafrica reports While presenting Namcor's annual...

Cameroon’s floating liquefied natural gas project (FLNG) has been approved by all parties of the Gas Convention for the project at a signing ceremony in Yaoundé, Cameroon on the 30th of September. Golar LNG Limited stated that Cameroon’s state-owned oil and gas company Société Nationale des Hydrocarbures (SNH), Perenco Cameroon (Perenco), Golar Hilli Corporation and Golar Cameroon...

South Africa’s recoverable gas reserves from both onshore shale and offshore gas fields were seen at around 19.5 tcf, according to a senior energy official.  “It requires significant evaluation activity, significant drilling for us to be able to quantify the gas more definitively and to also assess the economic case for the recovery of this gas,’’ Ompi Aphane (picture), Deputy...

The Group Managing Director, Obijackson Group and Chairman of Neconde Energy, Dr Ernest Azudialu-Obiejesi, has announced that some aboriginal firms are targeting between 90,000 and 100,000 barrels of oil per day in the next five years, Energymix reports. The Obijackson Group owns Nestoil and Neconde Energy, the operator oil mining lease (OML) 42, which has a joint-venture with the...