The Federal Government and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called for sustained investment in Nigeria’s oil and gas industry, stressing the need for policy stability, regulatory certainty, security and faster project execution to keep the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, […]
Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region. The crude for delivery in October and November will be sent via the Strait of Hormuz, said the traders, […]
NIPCO Group says it has invested approximately two billion dollars in Nigeria’s oil and gas sector, covering pipelines, CNG, LPG and retail infrastructure. Mr Nagendra Verma, Managing Director, NIPCO, disclosed this on Thursday while briefing newsmen on the company’s developments in Nigeria’s oil and gas sector. “Over the years, the group has invested approximately two […]
Tunde Afolabi’s Amni International Petroleum and TotalEnergies signed an $800 million final investment decision on Wednesday, Sept. 23, to develop the Ima gas field offshore Nigeria, 53 years after it was discovered.
Petrobras and ENH, the national oil companies of Brazil and Mozambique respectively, have signed a memorandum of understanding, establishing cooperation in oil and gas assessment and development. The agreement coincided with Mozambican President Daniel Chapo’s visit to Brazil, where he spoke at Rio Oil & Gas 2026. “We are not looking only for suppliers. We […]
The Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to enable it to establish and operate a world-class data centre. According to the Committee, access to the funds will strengthen the Commission’s capacity to manage critical upstream petroleum data and improve its operations. […]
The Acting Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle, says Ghana is preparing to drill its first onshore exploration well in the Voltaian Basin before the end of 2026. She says the Ghana National Petroleum Corporation (GNPC) and its exploration subsidiary, GNPC Explorco, are leading preparations to test the petroleum potential of the […]
Continental Resources has signed a memorandum of understanding (MOU) with Venezuela’s state-owned PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt, marking the U.S. independent’s entry into Venezuela. The 126,000-acre block in Anzoátegui state is estimated by Continental to contain approximately 30 billion barrels of oil resource in place. Continental […]
Petrobras has awarded Strohm B.V. and its Brazilian subsidiary a contract to supply thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province. The TCP will be deployed in water depths of up to 1,500 meters. The contract also covers qualification testing, project engineering, field services and support […]
Global oil markets may be pricing a faster recovery in war-damaged refining capacity than physical repair timelines support, with significant disruptions potentially extending into late 2027, according to new analysis from Enverus Intelligence Research (EIR). EIR estimates approximately 7 MMbpd of Middle Eastern and Russian refining capacity is currently damaged or constrained as wars in […]