The Financial Times reported that indigenous downstream players Taleveras and Aiteo are bidding $2.6 billion for OML 29, the largest of the four concessions, which includes the 96-kilometer Nembe Creek Trunk Line.
Domestic operator Pan Ocean Oil Corporation is thought to be the frontrunner for OML 24 at an estimated price tag of $900 million, while a consortium of Eroton, Mart Resources, and Nigerian marginal field producer Midwestern Oil and Gas are seeks OML 18 for approximately $1.2 billion. Crestar has been earmarked for OML 25 for a fee of around $500 million.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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