Oil & Gas

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria, dated 1 April 2022, offering to purchase the OPL 310 loan and to repay the outstanding amount under the Savannah Energy Investments Limited Convertible Facility Agreement (Savannah” and “Savannah CFA). The Company […]

COMMUNIQUE MOMAN, Energy Correspondents Workshop Series – March 2022 James Gooder, Vice President, Crude and African Markets, Argus Media: • Oil prices hit near 14-year highs – The Russia-Ukraine conflict has supercharged existing upward market momentum. – Recovering global demand and constrained OPEC + output, low stocks and high refining costs have all played a

By Eyo Nsima The continuing oil market fundamentals and the consensus on the outlook have pointed to a well-balanced market, according to the Organisation of Petroleum Exporting Countries, OPEC and non-OPEC Ministers. Following the conclusion of the 27th OPEC and non-OPEC Ministerial Meeting, held via videoconference on March 31, 2022, OPEC and non_OPEC ministers, noted

TotalEnergies is publishing a new tax transparency report designed to provide its stakeholders with a better understanding of the Company’s tax position, with detailed information on the taxes paid in its main countries of operation. “TotalEnergies has developed a responsible tax approach, based on clear principles of conduct and rigorous governance rules. The Company believes

… Exploration work to commence by end of 2022 The Federal Government’s Nigerian Petroleum Development Company (NPDC), Operator and Natural Oilfield Services Limited (NOSL) received a great boost on Friday,25th March 2022, with the recognition of its efforts in Oil and Gas exploration by His Excellency Governor Udom Emmanuel of Akwa Ibom State in the