All posts by Dominion


SacOil Still Far From First Oil

By Sully Manope

SacOil is still at least 18 months away from having a producing field to its name. The South African owned JSE and AIM listed company only just perfected the title to its working interest in one of two acreages in Nigeria. It is looking forward to achieving the same in a second one.

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‘Pipeline Losses Declined In 2014’-Mart Resources

Losses of crude oil via pipeline, largely through theft, declined in parts of the Western Niger Delta in the last one year, to go by data from Mart Resources.

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NPDC/FHN in A Five Well Drilling Campaign

Ogini-5, the first of a 37 well development, will take two months to drill.

By Fred Akanni

The Ogini-5 appraisal/development well on the Oil Mining Lease (OML) 26 in the western Niger Delta basin will likely be finalized at the end of September 2014. The well was spud on August 1,

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With Ubima in The Basket, Eland Is Spreading The Risk

…stuck in slow motion of unlocking the reserves in OML 40

Eland Oil & Gas Limited is hoping to spread its risk in Nigeria by agreeing to acquire a 40% participating interest in the Ubima Field, in the Eastern Niger Delta. The Scottish independent, through its wholly owned subsidiary Wester Ord Oil & Gas Limited, wants to pay a signature bonus of $7 million to All Grace Energy, the Nigerian holder of the marginal field.

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President Jonathan to Commission the Uquo Gas Plant

By Fred Akanni, in Eket

Goodluck Jonathan, the Nigerian president, is scheduled to commission the Uquo Gas Processing Facility, in Eket, in the south east onshore Niger Delta, on Thursday, August 14, 2014.

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Bicta Is Dragged To Court For “Reneging” On Contractual Obligations

The Nigerian independent, Bicta Energy, has been dragged to a Federal High Court in Lagos for allegedly reneging on payment of agreed fees for a range of services.

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Egypt Wears BG’s Clothes to Rags

 

BG, the British Gas company, was able to lift only one cargo of Liquefied Natural Gas from Egypt in the second quarter (2Q) of 2014. And the likelihood of it receiving additional cargoes of the product from Egypt “is very limited for the foreseeable future”, the company has admitted.

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Liberian Bid Round Kicks Off, Ends October 2014

By John Ankromah

The Liberian bid round is open for three months from 5 August to 31 October 2014. It features four (4) undrilled offshore petroleum exploration blocks over which TGS, the Norwegian geophysical company claims it  has comprehensive, high quality, data coverage constituting.

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Woodside Returns to Africa

It has chosen some of the continent’s riskiest basins

By Toyin Akinosho

Australia’s top exploration and production (E&P) company is firmly back in Africa, seven years after it sold off its entire hydrocarbon property on the continent, some of it at a loss.

Woodside Petroleum is in league with the American independent Noble Energy,

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GE and Standard Bank Collaborate in Lighting up The Continent

Standard Bank and General Electric reaffirmed their commitment to Africa at a power financing round table held in Washington DC, on the sideline of the US Africa Leaders’ Summit, the largest gathering of African heads of state and government as well as key stakeholders to visit Washington on any one occasion.

Standard Bank is the continent’s largest lender by assets. General Electric is an American multinational conglomerate corporation with revenue of $146 Billion in 2013.

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