In recent months, Iranian President Masoud Pezeshkian, along with his deputies and other officials, have been frequently addressing the nation about the ongoing gasoline crisis and the country’s excessive fuel consumption. These repeated appearances seem to signal a coordinated effort to prepare the public for an imminent increase in gasoline prices.
The federal government at the weekend said it was eyeing the production of an additional 40,000 barrels per day to boost the country’s current output from the ongoing Floating Production Storage and Offloading (FPSO) facility in Lagos.
Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria. The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed.
A new energy mix with a high renewables component would hold massive advantages for people in Africa – and the economics mean it is likely to be implemented sooner, rather than later.
Oil marketers on Sunday, confirmed that the Nigerian National Petroleum Company Limited (NNPC) had started refunding the N15 billion owed its members by the national oil company.
AOW – Investing in African Energy, the continent’s premier energy event, is charting a new course, announcing its move to Accra, Ghana, for its 2025 edition.
Iran was the fourth-largest crude oil producer in OPEC in 2023 and the third-largest dry natural gas producer in the world in 2022.1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third-largest oil and second-largest natural gas reserve holder in 2023.
British oil giant BP is abandoning its plan to cut back its oil and gas output and planning fresh fossil fuel investments, all while pushing for billions of dollars in government subsidies for climate technologies.
West Africa is endowed with vast yet undeveloped gas resources that could support its industrialisation and the expansion of its power infrastructure.
Shelf Drilling has announced new contracts for two jack-up rigs in Nigeria. With reference to the press release dated September 6, 2024 regarding the award in West Africa, the Company has now fully executed a three-year contract for the Shelf Drilling Achiever jack-up rig for operations offshore Nigeria.