Leading (re)insurance companies SiriusPoint, Riverstone International, Enstar Group, and specialty insurers Blenheim and SA Meacock, have reportedly ruled out involvement in the controversial East African Crude Oil Pipeline (EACOP) project.
Italian ENI’s exploration in the “Cronos-2” target within Block 6 of Cyprus’ exclusive economic zone (EEZ) appears to have yielded positive results, as gas flaring reported from the drilling site indicates the discovery of a natural gas reservoir.
Anxiety prevails among the relevant state officials and officers, as well as the public opinion of Cyprus, for the announcement that is expected to be issued soon by the Italian ENI on the preliminary results of the successful drilling in Block 6, at the drilling target Kronos 2.
Eni SpA’s E subsidiary, Enilive, and renowned chemicals company LG Chem have solidified their commitment to a groundbreaking joint venture in a significant stride toward sustainable energy solutions.
The drilling by Italian energy giant ENI in the Cronos-2 field in Block 6 of Cyprus’ exclusive economic zone (EEZ) appears to have discovered another natural gas reservoir, with sources telling the Cyprus News Agency that gas flaring was successfully carried out on Thursday.
The Nigeria Upstream Petroleum Regulatory Commission, NUPRC, said it will soon unveil a new oil bid round during which 12 blocks in the continental shelf and deep offshore will be offered to bidders.
n its avowed bid to drive and grow sustainable investments in Nigeria’s upstream for energy security, national economic development, and return value to all stakeholders, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday met in Lagos with members of the Oil Producers Trade Section (OPTS) and Independent Petroleum Producers of Group (IPPG) to fine-tune strategies for the year 2024 and beyond.
Now, green hydrogen can be produced and used in Nepal. A meeting of the Council of Ministers held on Wednesday passed a policy to allow the production and use of green hydrogen.
According to Industry, Commerce and Supplies Minister Ramesh Rijal, Wednesday’s meeting passed the policy to allow the production and use of green hydrogen.
THE Dangote Petroleum Refinery, regarded as the world’s largest single-stream refinery constructed in Lagos, Nigeria, has produced its first batch of refined petroleum products.
This was stated in a press release issued by the refinery’s owner company, Dangote Petroleum Refinery, on the social networking site X (formerly Twitter).
British multinational oil and gas company Shell has decided to sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) – which owns onshore oil assets in Nigeria’s Niger Delta region – to a consortium comprising mostly local energy players ND Western, Aradel Holdings Plc, First E&P, the Waltersmith Group, Petroleum Development Company Limited and Petrolin. The transaction is measured at $1.3 billion, with further payments of up to $1.1 billion set to be made. The sale will come into effect following the relevant approval from government.