NNPC Replaces EROTON with another Operator to Manage OML 18 The Nigerian National Petroleum Company Ltd and its partners have appointed NNPC Eighteen Operating Limited as operator of OML 18 to replace EROTON Exploration and Production Limited. The move according to the company is to curtail further degradation of the asset and revamp production of…
NNPC Releases 439 Million Litres of Petrol to Bridge Distribution Gap The Nigerian National Petroleum Company (NNPC) Ltd says it has supplied Premium Motor Spirit commonly known as (petrol) into the market across the 36 states and the Federal Capital rose by an additional 439.54 million litres in a week as the government seeks to…
Tanzania Completes Negotiations with Shell, Equinor on $30 bln LNG Project Tanzania’s energy ministry has disclosed that negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Britain’s Shell, and Norway’s Equinor are complete and contract preparations are underway. The development of Tanzania’s vast offshore gas resources has been held…
TotalEnergies Launches Integrated FEED Papau LNG Project in New Guinea TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of the project, has announced the launch of the fully integrated Front-End Engineering and Design (FEED) for the Papua LNG project. Following pre-FEED studies, in order to maximise synergies and minimize the costs, Papua LNG partners have selected a concept…
Namibia: Eureka! Third Oil Discovery Announced The National Petroleum Corporation of Namibia (NAMCOR), in partnership with Shell and QatarEnergy has announced a light oil discovery of oil in the Jonker-1X deep-water exploration well. The well was drilled in Block 2913A & 2914B (PEL 0039) in the Orange Basin, offshore southern Namibia, NAMCOR said in a…
Equinor buys Suncor Energy’s UK Oil Assets For $850 Million Equinor has signed a deal to buy for $850 million the UK assets of Canada’s Suncor Energy, including a stake in a massive producing oil field and an interest in one of the major planned developments in the UK North Sea. The transaction, subject…
Russia’s Oil Revenues Plunged by 48% in February Russian tax revenue from crude oil and petroleum products plummeted by 48% in February from a year earlier due to the much lower price of Russia’s flagship crude grade after the EU banned imports of Russian oil, according to Bloomberg estimates based on official Russian data. Total…
Shell to Investigate Oil Pipeline Explosion in Rivers The Shell Petroleum Development Company of Nigeria Limited says an investigation into fire explosion in Rumuekpe community, by a government-led joint investigation team will commence to ascertain the cause of the incident. Recall that another fire explosion from an illegal crude oil tapping point rocked Rumuekpe community…
Dozens Killed in Crude Oil Explosion in Rivers State The Youths and Environmental Advocacy Centre (YEAC-Nigeria) through its Crude Oil Spill Alert System (COSAS) and members of its “One Million Youth Volunteers Network of Human Rights Defenders and Promoters in the Niger Delta” in Rumuekpe Community in Emohua Local Government Area has confirmed that there…
ACWA Power Inks Major Renewable Development Deal Kazakhstan ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has announced a ground-breaking partnership agreement with the Republic of Kazakhstan’s Ministry of Energy and Samruk-Kazyna, the sovereign wealth fund of Kazakhstan to lead and develop a 1GW…