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PIA to foster investment in 2022 – NNPC

By Udeme Akpan THE Nigerian National Petroleum Company (NNPC) Limited has identified the Petroleum Industry Act (PIA), as a major achievement in 2021 that would stimulate investment in 2022 and beyond. In its report sighted by Vanguard, the Company, which represents the federal government interest in the oil and gas industry, stated: “The PIA culminated in the

Royal Dutch Shell to temporarily halt it’s seismic survey in South Africa’s Wild Coast

The Grahamstown High Court in Makhanda, South Africa, December 28, 2021, directed Royal Dutch Shell plc to immediately cease its seismic blasting along South Africa’s Wild Coast. The court ordered Shell and Gwede Mantashe, minister of mineral resources and energy, to pay the costs of the application. Judge Gerald Bloem said Shell was under the

Angola Powers Through with 2021 Projects

By Charné Hundermark The COVID-19 pandemic and subsequent country-wide lockdowns have caused unprecedented impacts on Africa’s oil and gas industry. Project delays, tightening investment channels and re-directed national budgets have led to a global slowdown in oil and gas developments. However, Angola has emerged as a champion in ensuring energy sector developments continue, despite the

The Largest Oil Terminal In Africa Is Almost Complete

By Zeenat Ganie Kenyan president, Uhuru Kenyatta inspected the ongoing construction of the Shs40 billion (approximately $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96% complete, is wholly funded by the Kenya Ports Authority (KPA) and implemented by China Communications Construction Company.

Kenya Renews Lamu Oil Search Amid Somali Row

Kenya has stepped up oil and gas exploration activities in the Lamu Basin weeks after rejecting a ruling over a four-decade maritime dispute with Somalia. Petroleum commissioner James Ng’ang’a said that ENI Kenya Business Venture (BV), formerly Agip, started drilling last month at Mlima-1 well, which is also known as Block L11B. This follows seismic