Oil & Gas

Oil & Gas

U.S Entrepreneurs, Politicians & Attorneys visit Nigeria’s Nestoil Limited.

  A delegation of Entrepreneurs, Politicians and Attorneys from the ...

Woodside Energy selects Wood for FPSO unit development offshore Seneg

Wood has received a contract from Woodside Energy to provide ...
Shell Declares $20.1 Billion Profit

Shell Declares $20.1 Billion Profit

Royal Dutch Shell has declared a net profit of $20.1 ...
Pan Ocean appoints new GMD, Unfolds Succession Plan

Pan Ocean appoints new GMD, Unfolds Succession Plan

Pan Ocean Oil Corporation has named a new Group Managing ...
Seplat, Sahara Group, Heirs Oil in race to buy Shell’s $4 billion oil stake – Report

Seplat, Sahara Group, Heirs Oil in race to buy Shell’s $4 billion oil stake – Report

Seplat Energy, Nigeria’s biggest energy company by market value, Sahara ...
India looks to other markets for oil as Nigeria battles with production

India looks to other markets for oil as Nigeria battles with production

India, the biggest buyer of Nigeria’s crude oil is currently ...
NNPC GMD reveals how adulterated fuel was imported, names 4 oil companies involved

NNPC GMD reveals how adulterated fuel was imported, names 4 oil companies involved

The Nigerian National Petroleum Company (NNPC) Limited has explained how ...
New Progress in EA Crude Oil Pipeline Project.

New Progress in EA Crude Oil Pipeline Project.

ALL is now set for execution of the East African ...
South Sudan’s oil sector needs to become more transparent

South Sudan’s oil sector needs to become more transparent

By Alan Boswell South Sudan’s fortunes have always been tied to ...
Uganda: French and Chinese oil giants launch megaproject

Uganda: French and Chinese oil giants launch megaproject

Critics have warned of the damage to biodiversity and local rights, ...
Nigeria: Downstream Authority Decries Poor State of Petroleum Storage Facilities in Lagos.

Nigeria: Downstream Authority Decries Poor State of Petroleum Storage Facilities in Lagos.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has ...
Rising crude price pushes petrol subsidy to N16bn per day

Rising crude price pushes petrol subsidy to N16bn per day

The price of Nigeria’s Bonny Light, yesterday, surged further to $91.38 ...
TotalEnergies’ full-year profit leaps by 711% amid global oil rebound

TotalEnergies’ full-year profit leaps by 711% amid global oil rebound

TotalEnergies Marketing Nigeria Plc, the local unit of France-based oil ...
NNPC secures $5bn funding from Afreximbank for Nigeria’s oil industry

NNPC secures $5bn funding from Afreximbank for Nigeria’s oil industry

The Nigerian National Petroluem Company Ltd has secured a $5bn corporate ...
Soot: Presidency seeks review of Petroleum Refining Regulations Act

Soot: Presidency seeks review of Petroleum Refining Regulations Act

In a bid to address soot and other environmental pollution ...
Dangote Refinery Begins Processing 540,000bpd in Q3

Dangote Refinery Begins Processing 540,000bpd in Q3

Dangote Industries Limited has said its oil refinery will start ...
PIA to foster investment in 2022 – NNPC

PIA to foster investment in 2022 – NNPC

By Udeme Akpan THE Nigerian National Petroleum Company (NNPC) Limited has identified ...
Royal Dutch Shell to temporarily halt it’s seismic survey in South Africa’s Wild Coast

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, ...
Angola Powers Through with 2021 Projects

Angola Powers Through with 2021 Projects

By Charné Hundermark The COVID-19 pandemic and subsequent country-wide lockdowns ...
The Largest Oil Terminal In Africa Is Almost Complete

The Largest Oil Terminal In Africa Is Almost Complete

By Zeenat Ganie Kenyan president, Uhuru Kenyatta inspected the ongoing ...
Kenya Renews Lamu Oil Search Amid Somali Row

Kenya Renews Lamu Oil Search Amid Somali Row

Kenya has stepped up oil and gas exploration activities in ...
Uganda: Cnooc, Standards Agency Trains Oil Sector Vehicle Drivers

Uganda: Cnooc, Standards Agency Trains Oil Sector Vehicle Drivers

Kampala, Uganda — CNOOC Uganda Limited, an oil and gas ...
IsDB to Loan XAF55 Bln to Cameroon for Oil Products’ Purchases

IsDB to Loan XAF55 Bln to Cameroon for Oil Products’ Purchases

By Business in Cameroon On December 29, a Presidential decree ...
Egypt, Italy Discuss Bilateral Cooperation in Oil, Gas Sector.

Egypt, Italy Discuss Bilateral Cooperation in Oil, Gas Sector.

Petroleum and Mineral Resources Minister Tarek el Molla had talks ...
Egypt Awards 8 Oil, Gas Exploration Concessions to International Companies.

Egypt Awards 8 Oil, Gas Exploration Concessions to International Companies.

DAILY NEWS EGYPT. Eni, British Petroleum, Apex International, Energean Egypt, ...
ADNOC Invests $946 Million for Umm Shaif Development

ADNOC Invests $946 Million for Umm Shaif Development

Mikaila Adams of Oil & Gas Journal. Abu Dhabi National Oil ...
ExxonMobil Discovers More Oil Offshore Guyana.

ExxonMobil Discovers More Oil Offshore Guyana.

By Alex Procyk of Oil & Gas Journal Fangtooth-1 was ...
Chappal Petroleum Development Company Contends for ExxonMobil Nigeria Oil and Gas Assets.

Chappal Petroleum Development Company Contends for ExxonMobil Nigeria Oil and Gas Assets.

An indigenous company, Chappal Petroleum Development Company, is one of ...
2021 In View: Biggest Oil discoveries Across Africa.

2021 In View: Biggest Oil discoveries Across Africa.

As the lifeblood of industrialized nations, oil and gas are ...
Outages in Nigeria, Others Push Oil Price to $80pb

Outages in Nigeria, Others Push Oil Price to $80pb

Production hitches in Nigeria, Libya and Ecuador pushed oil price ...
Oil Spills Hit 14m Litres as Shell’s N800b Judgment Upsets Industry

Oil Spills Hit 14m Litres as Shell’s N800b Judgment Upsets Industry

As International Oil Companies (IOCs) are planning to divest from ...
2 Ship Officers Plead Guilty to Light Charges in Mauritius Oil Spill

2 Ship Officers Plead Guilty to Light Charges in Mauritius Oil Spill

By Abdi Latif Dahir The leak was an environmental calamity for ...
Namibia: Namcor Opens New Service Station in Ekuku

Namibia: Namcor Opens New Service Station in Ekuku

The National Petroleum Corporation of Namibia (Namcor) has inaugurated its ...
Council of Ministers of African Petroleum Producers’ Organization (APPO) Meet in Algeria.

Council of Ministers of African Petroleum Producers’ Organization (APPO) Meet in Algeria.

The Council of Ministers of the African Petroleum Producers’ Organization ...
Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn
Nigeria’s Petrol Imports Jump by 55%, Hit N2.52tn in Nine Months

Nigeria’s Petrol Imports Jump by 55%, Hit N2.52tn in Nine Months

The cost of Premium Motor Spirit, also known as petrol, ...
UTM, Afreximbank Sign $5bn Financing MoU for Nigeria’s First Floating LNG

UTM, Afreximbank Sign $5bn Financing MoU for Nigeria’s First Floating LNG

Nigeria’s marine and services group, UTM Offshore Limited, and the ...
Nigeria Regains Top Crude Oil Production Spot in Africa, Says OPEC Report

Nigeria Regains Top Crude Oil Production Spot in Africa, Says OPEC Report

Nigeria has regained the top spot among crude oil producing ...
Chevron, Equatorial Guinea sign production sharing contract for Block EG09

Chevron, Equatorial Guinea sign production sharing contract for Block EG09

Chevron has signed an agreement with the government of Equatorial ...
Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09.

Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09.

American multinational energy corporation, Chevron has signed an agreement with ...
Petrol May Sell Above N340/litre, Marketers Plan Imports Amidst Forex Crisis.

Petrol May Sell Above N340/litre, Marketers Plan Imports Amidst Forex Crisis.

The pump price of Premium Motor Spirit, popularly called petrol, ...
Uganda, Tanzania asked to Relax Trade Laws

Uganda, Tanzania asked to Relax Trade Laws

The private sector, specifically those in businesses relating to the ...
Zambia Places Sole Petroleum Refinery Under Care and Maintenance

Zambia Places Sole Petroleum Refinery Under Care and Maintenance

By Chris Mfula   LUSAKA, Nov 26 (Reuters) – Zambia will ...
Kenya’s New Oil Terminal Ready for Test Run

Kenya’s New Oil Terminal Ready for Test Run

The terminal is expected to cut cost of petroleum products ...
Despite Emergency Oil Releases, Omicron Fears, OPEC Sticks to 400,000bpd Supply Hike

Despite Emergency Oil Releases, Omicron Fears, OPEC Sticks to 400,000bpd Supply Hike

Despite concerns over the new Covid-19 variant, Omicron, and recent ...
Nigeria’s Seplat in talks to buy Exxon’s Local Shallow-water Oilfields

Nigeria’s Seplat in talks to buy Exxon’s Local Shallow-water Oilfields

Nov 29 (Reuters) – Nigeria’s Seplat Energy along with a partner ...
Russian Investors Targets Nigeria’s Oil & Gas Sectors

Russian Investors Targets Nigeria’s Oil & Gas Sectors

Russian investors have Announced Plans to Invest in Nigeria’s Agriculture ...
USA+ vs OPEC+

USA+ vs OPEC+

Last week, the US made an important announcement. It will ...
AITEO Navigates Stern Nembe Oil Spill

AITEO Navigates Stern Nembe Oil Spill

On November 5, Aiteo Eastern Exploration Company (AEEPCO) reported a ...
Nembe creek OML 29 wellhead still spewing crude oil, 19 days after

Nembe creek OML 29 wellhead still spewing crude oil, 19 days after

NINETEEN days after the spill at the Santa Barbara Well ...
Oil Production May Decline As FG Shuts Santa Barbara Fields

Oil Production May Decline As FG Shuts Santa Barbara Fields

Nigeria oil production output would suffer some decline, following the ...
Energy Transition: Nigeria, Africa need more Oil, Gas Investment.

Energy Transition: Nigeria, Africa need more Oil, Gas Investment.

Despite renewed calls for a shift from fossil fuel investments,  Nigeria ...
Nigeria’s Oil Production Falls Further, Libya Now Africa’s Top Producer

Nigeria’s Oil Production Falls Further, Libya Now Africa’s Top Producer

Nigeria is no longer the largest crude oil producer in ...
We’ll Hit 600tcf of Gas if Subsidy is Removed – Nigeria’s Petroleum Minister.

We’ll Hit 600tcf of Gas if Subsidy is Removed – Nigeria’s Petroleum Minister.

Amid the virulent diatribe against Federal Government’s desire to end ...
Gas Remains Priority, Transition Fuel for Nigeria — Buhari Tells Investors in Paris

Gas Remains Priority, Transition Fuel for Nigeria — Buhari Tells Investors in Paris

PRESIDENT Muhammadu Buhari Thursday in Paris, France, assured investors that ...
Ghana’s Oil Production Set for Decline in 2022

Ghana’s Oil Production Set for Decline in 2022

Ghana’s oil production is set to decline in 2022 as ...
BP Won’t Quit Controversial US Oil Lobby. Its CEO Explains Why.

BP Won’t Quit Controversial US Oil Lobby. Its CEO Explains Why.

BP’s (BP) pledge to slash oil production by 40% this ...
A Glimmer Of Hope For Libya’s Long-Suffering Oil Industry

A Glimmer Of Hope For Libya’s Long-Suffering Oil Industry

Just as it appeared that all hope for Libya’s struggling ...
Two Oil Firms Hit Malami, Others with $10m Suit

Two Oil Firms Hit Malami, Others with $10m Suit

Two firms have dragged the Attorney General of the Federation ...
Here’s Why We’re Wary Of Buying Seplat Petroleum Development’s (LON:SEPL) For Its Upcoming Dividend.

Here’s Why We’re Wary Of Buying Seplat Petroleum Development’s (LON:SEPL) For Its Upcoming Dividend.

It looks like Seplat Petroleum Development Company Plc (LON:SEPL) is about to ...
Fossil Fuel Industry Delegates, Tops COP26.

Fossil Fuel Industry Delegates, Tops COP26.

Campaigners led by Global Witness assessed the participant list published by ...
Shell Unveils New Energy Business Line in Nigeria

Shell Unveils New Energy Business Line in Nigeria

A global energy company, Shell, says it has established a ...
Rainoil Acquires Majority Stake in Eterna Plc

Rainoil Acquires Majority Stake in Eterna Plc

Rainoil Limited, a major player in the downstream oil and ...
OPEC+ Members Shun Biden’s Calls to Boost Oil Output.

OPEC+ Members Shun Biden’s Calls to Boost Oil Output.

OPEC+ headed for a clash with the U.S. as more ...
OGA Opens Investigation into North Sea Sale

OGA Opens Investigation into North Sea Sale

The UK Oil and Gas Authority (OGA) has announced that it ...
Nigeria’s Fuel Demand to Hit 17.3mmt by 2025

Nigeria’s Fuel Demand to Hit 17.3mmt by 2025

The Nigerian National Petroleum Corporation (NNPC) yesterday said Nigeria’s demand ...
Converted Rig in Frame for Kudu Gas Development Offshore Namibia

Converted Rig in Frame for Kudu Gas Development Offshore Namibia

BW Energy has signed an agreement to acquire the 2021-built ...
ExxonMobil to resume drilling offshore Angola in June 2022.

ExxonMobil to resume drilling offshore Angola in June 2022.

ExxonMobil’s affiliate in Angola has just awarded Valaris a two-year ...
AOW – Facilitating Partnerships for Progress
It’s mixed fortunes over rising crude price

It’s mixed fortunes over rising crude price

By Taofik Salako, And Muyiwa Lucas. Rising oil price improves ...
Winners and Losers in the Energy Transition

Winners and Losers in the Energy Transition

Commodity markets can make or break economies. In the first ...
Sahara Group plans $1bn LPG investment in Nigeria, others

Sahara Group plans $1bn LPG investment in Nigeria, others

An energy and infrastructure conglomerate, Sahara Group, has said it ...
Vår Energi confirms discovery of oil and gas in the Rødhette exploration well

Vår Energi confirms discovery of oil and gas in the Rødhette exploration well

The exploration well proved successful with the latest preliminary estimates ...
Nigeria Spends 40% of FX on Importation of Petrol

Nigeria Spends 40% of FX on Importation of Petrol

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday ...
Ivory Coast celebrates oil find as west turns away from fossil fuels.

Ivory Coast celebrates oil find as west turns away from fossil fuels.

Abidjan hails biggest discovery in two decades but critics raise ...
Halliburton launches iStar Intelligent Drilling and Logging Platform.

Halliburton launches iStar Intelligent Drilling and Logging Platform.

Halliburton Company released the iStar Intelligent Drilling and Logging Platform, ...
With N200bn Capitalisation, President Tells NNPC to Compete with Global Best

With N200bn Capitalisation, President Tells NNPC to Compete with Global Best

The newly incorporated Nigerian National Petroleum Company (NNPC) Limited has ...
Africa Energy and Infrastructure Magazine, Partners Leading E & P Event, Africa Oil Week in Dubai.

Africa Energy and Infrastructure Magazine, Partners Leading E & P Event, Africa Oil Week in Dubai.

Africa Energy and Infrastructure Magazine – AEI, is pleased to announce it’s ...
Senegal’s Rising Petroleum Industry Incurs Additional Investments

Senegal’s Rising Petroleum Industry Incurs Additional Investments

As one of Africa’s top emerging natural gas producing markets, ...
Nigerian Upstream Regulatory Commission to replace DPR.

Nigerian Upstream Regulatory Commission to replace DPR.

The Department of Petroleum Resources (DPR) will soon cease to ...
Anxiety as $15bn Petro Union judgement hangs over Nigeria, amid rising debt

Anxiety as $15bn Petro Union judgement hangs over Nigeria, amid rising debt

The Federal Government’s recent move to borrow an additional $4.179 ...
Nigeria’s petroleum imports exceeded exports by $43.56bn – OPEC

Nigeria’s petroleum imports exceeded exports by $43.56bn – OPEC

The amount spent on the importation of petroleum products into ...
OPEC+ grapples with mixed rising oil prices

OPEC+ grapples with mixed rising oil prices

A grade of crude oil, Brent, rose above $79 a ...
Oil and gas investors make significant investments in MSGBC Basin.

Oil and gas investors make significant investments in MSGBC Basin.

Oil and gas investors with an interest in Africa, have ...
ENI begins production, offshore Angola

ENI begins production, offshore Angola

Italian oil and gas major Eni has started production from ...
U.K. Takes Emergency Steps as Forecourts Run Dry

U.K. Takes Emergency Steps as Forecourts Run Dry

The U.K. government took emergency measures late Sunday to try ...
2% Annual Increase on Price Royalty for Nigeria’s Crude Oil.

2% Annual Increase on Price Royalty for Nigeria’s Crude Oil.

The Nigerian Government has introduced a two per cent annual increase ...
Oil Prices Rise on Tight Supply, Hit Three-month High

Oil Prices Rise on Tight Supply, Hit Three-month High

Oil prices extended gains yesterday riding higher on growing fuel ...
Borr Drilling Secures Contracts for Rig Duo in West Africa

Borr Drilling Secures Contracts for Rig Duo in West Africa

Shallow water contractor ‘Borr Drilling’, said Tuesday, August 31st, it ...
Petrofac Secures Libya EPCC Contract

Petrofac Secures Libya EPCC Contract

Petrofac has secured a contract valued at over US$100 million ...
COVID-19 IMPACTED COST OF OIL PRODUCTION IN NIGERIA – Timipre Sylva.

COVID-19 IMPACTED COST OF OIL PRODUCTION IN NIGERIA – Timipre Sylva.

The Minister of State for Petroleum Resources, Chief Timipre Sylva ...
Nigeria Oil and Gas 2019

Nigeria Oil and Gas 2019

Nigeria Oil and Gas 2019 holds from the 1st-4th of ...
5th Annual Upstream West Africa Summit 2019, 18th to the 20th June, Dakar, Senegal

5th Annual Upstream West Africa Summit 2019, 18th to the 20th June, Dakar, Senegal

“Developing the Deepwater Hydrocarbon Potential of West Africa”  The Upstream ...
Using African Gas For Africa First

Using African Gas For Africa First

by NJ Ayuk JD/MBA A private sector initiative called LNG2Africa ...
Ivy Manly-Spain: Imprints Of An Energy Amazon

Ivy Manly-Spain: Imprints Of An Energy Amazon

Ivy Manly-Spain has defied the odds and risen above the ...
Senyo Hosi: A Voice For Ghana Industry Players

Senyo Hosi: A Voice For Ghana Industry Players

The Ghana chamber of Bulk Oil Distributors, CBOD, has become ...