The Managing Director of Omiti Engineering, Nduka Nwosu has said that the new licensing round for 19 oil blocks will unlock opportunites for indigenous firms.
The MD said this at the launch of the bid round by the Minister of Petroleum Resources, Heineken Lokpobiri and Nigerina Upstream Petroleum Regulatory Commission’s Chief Executive, Gbenga Komolafe.
Energy and commodities company Vitol will participate at the Angola Oil&Gas (AOG) 2024 conference (https://apo-opa.co/4b9OwCw) – scheduled for October 2-3 in Luanda – as a silver sponsor. The sponsorship demonstrates the company’s dedication to fueling the expansion of the Angolan oil and gas market by leveraging its extensive expertise and services.
Vice President and flagbearer of the NPP, Dr. Mahamudu Bawumia has outlined comprehensive measures he believes will address a general concern with regard to management of Ghana’s natural mineral resources.
Nigeria is inviting bids from international investors with financial and technical capacity for 12 onshore and deepwater oil blocks, its oil regulator said in a speech yesterday at a global oil conference in Houston, Texas.
The approval has been granted for offshore oil block S-4, which was offered as part of the auction initiated in September 2023.
The Mauritanian government has opted not to renew international oil company bp’s contract for the exploitation of the BirAllah gas field, located in the coastal basin of Mauritania.
With just about seven months to go for the general election this December and with possibly a new government to be sworn-in soon after that, dubious contracts worth millions of dollars are being awarded by the Akufo-Addo/ Bawumia government to their relatives and cronies. One of such dubious contracts is the award of the Ghana Gas Company Phase 2 project to a son of the Nana Asante Bediatuo.
Saudi Aramco’s net income for Q1 2024 fell due to lower crude sales.
The company maintained its $31.1 billion dividend payout despite the profit dip.
This prioritization of shareholder payouts over short-term profit raises questions about Aramco’s strategy.
BP’s new Azeri-Central-East (ACE) facility is expected to boost oil production by 25 percent.
The ACE facility has the capacity to handle up to 2.6 bcm of gas per year, which could help Azerbaijan meet its gas supply commitments to the European Union.
The launch of the ACE facility comes at a fortuitous time for Azerbaijan, which is heavily dependent on hydrocarbon exports.
The integrated engineering, procurement, construction and installation (EPCI) contract is aimed at expediting the subsea tieback process to extend the life of ageing platforms.