The Jinja Storage Terminal (JST) that has been managed under a joint venture partnership between One Petroleum Limited (OPL) consortium and Uganda National Oil Company Limited (UNOC) is now fully under the management and operatorship by UNOC with effect from December 23, 2022. In 2017, UNOC entered into a joint venture partnership with the consortium […]

TAG Oil announced that the company has commenced the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG Oil’s Phase 1 development program of the unconventional Abu Roash “F” (ARF) reservoir in the Badr Oil Field (BED-1) located in Egypt’s Western Desert. More specifically, the company says […]

The acquisition is being financed in part through a senior secured borrowing base facility with The Mauritius Commercial Bank Limited (MCB) acting as Mandated Lead Arranger, Modelling Bank and Hedging Bank Press Release PORT LOUIS, Mauritius, January 26, 2023/ — Zaahir Sulliman (MCB): “This landmark transaction demonstrates the ability of MCB to develop and offer […]