As the country continues to grapple with Covid-19, President Muhammadu Buhari has been hoping to generate cash from a marginal field bid that looks at last about to close. The Department of Petroleum Resources has sent the first letters to inform the successful bidders of its choice. Terra Energy Services receives hers.

The Department of Petroleum Resources (DPR) oversaw the marginal field round, which began in June 2020. DPR director Sarki Auwalu set out production expectations on May 26, during talks in Lagos. “We expect first oil from most of the marginal fields, for which we just concluded the bid round, around January 2022,” he said, according…

After careful evaluation of government guidelines and consultation with our customers, Africa Oil Week 2021, originally scheduled from 1-5 November in Cape Town, South Africa will be moving dates and location and will now take place in Dubai (United Arab Emirates) on 8-11 November 2021 in the Madinat Jumeirah. Delivering the event to the high…

Hyve Group Plc, organizers of Africa Oil Week have confirmed that business opportunities and discussions at the 2021 edition will remain focused on driving investment into Africa for its sustainable socioeconomic development, as it has done for the past 27 years. The event which will temporarily move to Dubai for 2021 due to COVID-19 restrictions…

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