Crude Oil

Nigeria’s Seplat completes acquisition of ExxonMobil oil assets HIGHLIGHTS $1.28 billion deal covers four oil licenses, two terminals Makes Seplat largest local company with 122,400 boe/d Feb 2022 deal faced official opposition, lawsuits Nigerian oil company Seplat has completed its acquisition of ExxonMobil’s onshore and shallow water business after an almost three-year process, in the…

ANPG estimates that more than $60bn (Kz54.75trn) in new investment will be directed into currently producing fields over the next five years. Angola plans to repeat its multi-year licensing round for oil and gas acreage starting in 2026, reported Reuters, citing a senior government energy official. This move aims to enhance production and attract more investment…

GUYANESE-OWNED company, Sispro Inc., which is led by four women, was able to secure two oil blocks following the conclusion of the International Licensing Round 2022.People’s Progressive Party (PPP) General Secretary, Dr. Bharrat Jagdeo, on Thursday during a press conference at Freedom House, commended the local company for their efforts in the competitive oil and…