88 Energy has announced the execution of a three stage farm-in agreement with a wholly owned subsidiary of Monitor Exploration to earn up to a 45% non-operated working interest in onshore Petroleum Exploration Licence 93 (PEL 93), located in the Owambo Basin, Republic of Namibia
Exploration
Tullow Oil signs oil marketing and offtake contracts with Glencore
Tullow Oil has entered into a US$400mn five-year notes facility agreement with Glencore Energy UK Limited (Glencore)
AVEVA expands strategic collaboration on data integration with Microsoft
AVEVA has expanded its strategic collaboration with Microsoft to further strengthen both companies’ data integration platforms to better prepare customers to incorporate AI in key industries across the world
SEPA to amend Petroleum Supply Act
Oil marketing companies (OMCs) under their umbrella body, Sustainable Energies and Petroleum Association (SEPA) want the amendment of the Petroleum Supply Act to take into consideration a provision to allow them import and supply special petroleum products
Afentra receives government approval on Sonangol acquisition
Afentra, an upstream oil and gas company focused on acquiring production and development assets in Africa, has provided an update regarding the previously announced Angolan acquisitions