Colombia’s government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million. Colombia recently modified contractual terms for offshore exploration and launched a Permanent Area Allocation Process so companies can apply to explore in…
Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the shutdown of the facility on February 28. A spokesperson for Aiteo Eastern Exploration and Production, the operator of the 97 kilometres crude oil pipeline, Masade…
LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce the following debt facilities update. In 2018, as announced, the Company agreed in principle to refinance a portion of and redenominate its outstanding Naira debt facilities, totaling approximately 3.08 billion Naira, into United States…
United Oil & Gas has signed an option agreement with Elephant Oil to farm in to the Block B onshore acreage in Bénin, potentially taking a 20% interest in the production sharing agreement (‘PSC’). The Bénin Onshore Block B is located in the Dahomey Embayment (Coastal Basin) and covers an area of 4,590 sq km…
Aptech Africa recently successfully designed, built and installed the first off-grid solar battery hybrid power system in South Sudan. This USAID-funded project, developed by AECOM International, incorporated a one-of-a-kind containerized PV storage solution by SustainSolar. In record time, Aptech Africa planned, installed and commissioned the 79kWp ground mounted solar power system which feeds the 125-kWh…
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad. OPIC’s loan will help FinLux Ellen Sarl distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Chad, providing them with an affordable…
Airlines operating from the Jomo Kenyatta International Airport (JKIA) in Nairobi were Thursday forced to divert to regional airports for fuelling as stocks of the commodity neared depletion. The fuel shortage, which is expected to persist till Sunday, has been blamed on inadequate orders by oil marketing companies that sell directly to airlines. In an…
Winners Recognized for Innovative Products for Offshore Exploration and Production Houston, Texas, USA (6 March 2019) –The Offshore Technology Conference (OTC) announces that 18 technologies will receive the 2019 Spotlight on New Technology® Award. The awards will be presented at 1600 hours, 6 May, in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a…
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil. With surging U.S. oil supply also unsettling markets, Brent crude futures fell $1.85, or 2.8 percent, to $64.45 a barrel…
As part of its corporate social responsibility as well as enhancing human capacity development, theNigerian Liquified Natural Gas Company Limited, NLNG on Thursday inducted 89 youths for its 2019 Youths Empowerment Scheme, YES. NLNG’s Acting Manager, Community Relations and Sustainable Development, Mr. Godson Dienye, said YES was launched in 2004 as one of the company’s…