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Nigeria’s Fuel Demand to Hit 17.3mmt by 2025

The Nigerian National Petroleum Corporation (NNPC) yesterday said Nigeria’s demand for petroleum products is expected to grow from 15.1 million metric tons last year to 17.3 million metric tons by 2025. Its Group Managing Director (GMD), Malam Mele Kyari, made this known in a keynote address at the 15th Oil Trading and Logistics (OTL) Africa

Converted Rig in Frame for Kudu Gas Development Offshore Namibia

BW Energy has signed an agreement to acquire the 2021-built semi-sub drilling rig Leo from Aqua-drill for $14m. The company plans to re-purpose the rig as a floating production unit for the Kudu gas to power project offshore Namibia. BW Energy believes re-purposing will enable an optimization of the project timeline and significantly reduce capital

ExxonMobil to resume drilling offshore Angola in June 2022.

ExxonMobil’s affiliate in Angola has just awarded Valaris a two-year contract for drillship VALARIS DS-9. The rig is to be reactivated and mobilized to Angola in June 2022. This marks the resumption of drilling activities for ExxonMobil in Angola following a June 2019 agreement with National Agency for Petroleum, Gas and Biofuels (ANPG) to further

Ghana Offers Attractive Upstream Alternative to East Africa Dominion

For the last two decades, Africa has been considered the new frontier of oil and gas exploration, with many of the major global petroleum companies scrambling to acquire assets in an as-yet undeveloped reserve of natural resources which are crucial to the way we live our lives today. While the East African powerhouse of Kenya,

AOW – Facilitating Partnerships for Progress

Africa Oil Week the leading oil and gas show in Africa, has announced a stellar line-up of speakers for the 27th edition, scheduled to be held from 8-11 November 2021, at Madinat Jumeirah in Dubai. Attendees can look forward to engaging and forward-thinking discussions which are designed to support the African upstream as it emerges