The company has published an updated competent persons report (CPR) compiled by CGG Services (UK), covering its assets in Nigeria. (Image source: Adobe Stock)

British independent energy company Savannah Energy has signed separate share purchase agreements (SPA) with Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company Nigeria Limited (SIPEC) 

Preparations to commence fracture stimulation are underway. (Image source: TAG Oil)

Noting a smooth exploration and development process in the Badr Oil Field (BED-1), TAG Oil has announced that it has successfully completed the drilling phase for the BED4-T100 horizontal well in the Abu Roash 'F' limestone formation (ARF)

The survey reveals that the total disclosed contract value stood at US$187.48bn in 2023. (Image source: GlobalData)

Data and analytics company, GlobalData, has found a significant decline of 22% in disclosed oil and gas contract volume from 7,550 contracts in 2022 to 5,915 in 2023 

The East African region has rose to prominence with the abundance of its reserves. (Image source: Adobe Stock)

Liberty Petroleum Corporation has signed three production sharing agreements (PSAs) between the Federal Government of Somalia and Liberty’s affiliated company, Petro Quest Africa Corporation