Dubai-based Shelf Drilling has landed new contracts for two jackup rigs in Nigeria. The Oslo-listed jackup rig pure-play has firmed up the letter of award from September into a three-year contract for the Shelf Drilling […]
Africa’s largest oil producers, like Nigeria and Libya, have struggled to capitalize on recent high oil prices. International oil companies have reduced investments in Africa’s traditional oil fields, focusing on offshore opportunities in regions like […]
NNPC, which has a 49 percent stake in Nigeria LNG, the operator of the six-train 22 mtpa facility on Bonny Island, said in a statement on Monday it has achieved the milestone through the collaboration of […]
Nigerian regulators said they expect to formally consent to Exxon Mobil Corp.’s sale of its oil and gas assets to Seplat Energy Plc within four months, ending a hiatus that has stalled the conclusion of a transaction that […]
THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]
State-run Nigerian National Petroleum Corp and its partners plan to build three liquefied natural gas (LNG) stations for vehicles in Nigeria. NNPC said in a statement that the LNG stations would be located Ajaokuta, but […]
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey published on Tuesday. OPEC’s all 12 producers pumped 26.7 million barrels per […]
Almost half the world — over three billion people — live on less than $2.50 a day and billions living with little to no access to electricity, like those living in places like Africa, Brazil, China, India, Indonesia, […]
France’s TotalEnergies and Nigeria’s NNPC have taken the final investment decision for the development of the Ubeta gas field to supply Nigeria LNG’s Bonny Island plant. TotalEnergies, operator of OML 58 onshore license in Nigeria […]
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