Chevron, Shell and Petrobras Weigh Guyana Oil Auction Bids Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Chevron, Shell and Petrobras to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic…
Exxon Seeks to Unblock Stalled Sale in ‘Challenging’ Nigeria Exxon Mobil Corp (XOM.N) hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive disclosed. The largest U.S. oil company will keep its deep-water assets in Nigeria despite…
Prepare for Severe Flooding this Year — NEMA . The Director-General of National Emergency Management Agency (NEMA), Mr Mustapha Ahmed, has called on Nigerians to plan ahead as the country will be witnessing severe flooding this year as indicated by predictions from relevant agencies. He made the disclosure at a two-day Experts’ Technical Meeting on…
Oil Marketers, Tanker Drivers Resume Loading at Depots Nationwide — NMDPRA Following the successful conclusion of the nation’s Presidential national assembly elections, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has disclosed that operations in loading depots have resumed nationwide. The sector regulator said it was working with other stakeholders to mitigate the tightness…
Fencing of Tincan Port to enforce Automated Access Control Gate Usage – NPA The Nigerian Ports Authority (NPA) has said that the concrete fencing of Tincan Port would help enforce the usage of the automated access control gate. Mr Mohammed Bello-Koko, Managing Director, NPA, said this during a tour of the Tincan Port in Lagos,…
Oil & Gas Industry Overall Contract Value Increased in 2022 The roller coaster ride during the COVID-19 pandemic appears to be coming to an end, with contract activity returning to normal for the global oil and gas industry, despite the ongoing Russia-Ukraine conflict and volatility in crude oil prices. As a result, the oil and…
OPEC Output Raises in February OPEC oil output rose in February led by a further recovery in Nigerian supply, despite strong adherence by top producers to an agreement by the wider OPEC+ alliance to cut production to support the market. According to a survey by the Organisation of the Petroleum Exporting Countries, OPEC, has pumped…
Maiduguri Power Plant, Giant Step towards achieving Gas, Power Mandate – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) says the Maiduguri Emergency Power Plant (MEPP) project is a giant step towards achieving its gas and power mandate to add 50MW into the national grid generation. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPCL,…
EIB and Kenya Strengthen Green Hydrogen Cooperation The world’s largest multilateral bank and leading global financier of renewable energy, the European Investment Bank, is seeking to strengthen support for green hydrogen investment in Kenya. Thomas Östros, European Investment Bank Vice President and Professor Njuguna Ndung’u, Cabinet Secretary, National Treasury and Economic Planning signed the Joint…
Where is Russian Oil Going? Two months on from the initial sanctions on Russian crude, we take a look at the impact that these restrictions have had on the Tanker markets. Additionally, we analyse the impact of the new round of sanctions on refined petroleum products that came into force on 5th February 2023. In…
