Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico. The discoveries in Mexico’s Block 29 are 88 kilometers from the Mexican coastline of Tabasco and approximately 50 kilometers west-northwest of the world class Zama discovery, where Wintershall Dea holds a 40…
Total, one of the leading multinational oil and gas company is presently targeting gross renewable power generation capacity of 25GW by the year 2025 as it plans to continue expanding into renewable energies. The company has also set a target of net-zero emissions by 2050 or sooner for its worldwide operations. According to the company…
The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government spent N752 billion on petrol subsidy in 2019, According to NNPC’s operations and financial activities for January 202 the government through the Corporation spent the sum of N594,525,670,942 as subsidy payments captured as under-recovery in its financial statement for January 2019 and January…
A coalition of 14 Civil Society Organisations (CSO), has urged the Federal Government to privatise the nation’s four refineries in order to enable it reduce its huge dependence on imported petroleum products. In a statement obtained by The Daily, www.thedaily-ng.com, they also called for the repeal of the Acts establishing the Petroleum Products Pricing Regulatory…
Rivers State is set to start testing for COVID-19 in Port Harcourt with the receipt of the state’s first set of testing equipment from the Shell Petroleum Development Company (SPDC) among many other medical hardware and consumables presented to the state governor, Chief Nyesom Wike on Wednesday. SPDC’s Managing Director and Country Chair, Shell Companies…
World’s leading provider of advanced pipeline coating systems, Shawcor Pipeline Products International BV, has appointed Field Joint Coating Limited (FJCL) as its sole distributor in the Nigeria. Shawcor is a world’s leading integrated energy services company working in a variety of industries, including oil and gas, petrochemical, industrial, electrical, electronic, automotive and communications. The company…
The West African Gas Pipeline Company Limited (WAPCo) said it has invested over $2.6million (N988,000,000.00) in the past seven years in form of Scholarship Program for Tertiary Institutions and Skill Acquisition programs for those interested in learning a skill among its host communities. According to the Managing Director of WAPCo, Mr. Gregory Germani, the…
One month after it announced the waiving of its fees for oil service companies in the country, Equatorial Guinea has granted E&P companies a two-year extension on their exploration programmes. The grant, the country says, “will also ensure flexibility on the work programmes of producing companies to ensure growth and stability in the market”….
The International Association of Geophysical Contractors IAGC, is asking for financial relief from regulatory authorities and banking institutions in hydrocarbon prospecting and producing countries in Africa. Such relief is being sought in order to mitigate the negative effects of the global crisis In collaboration with the Johannesburg based African Energy Chamber, the contractors are making…
AIM Listed LEKOIL says it reached an agreement with Optimum Petroleum Development Company, the Operator of the Oil Prospecting Lease (OPL 310), on deferring the final tranche of payment of $7.6Million due on or before 2 May 2020. The companies had earlier jointly decided that final payment of $9.6Million, in aggregate, would be made…
