A glut of unsold Nigerian oil has built up again with as much as half of output due to be loaded next month still searching for buyers.
As part of his commitment to establishing more oil and free zones to boost the nation’s economy, the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Y. Kaura, seeks collaboration with the Rivers State government towards the development of Ikpokiri island, a green field with latent potential for wealth and job creation.
The Church of England is divesting from fossil fuels in its multibillion pound endowment and pension funds over climate concerns and what the church claims are recent U-turns by oil and gas companies.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, declared yesterday, that the Petroleum Industry Act 2021 established a clear distinction between upstream and midstream operations in the oil and gas sector in the country.
The Nigerian government and the United States of America on Monday expressed their willingness to strengthen partnership in Nigeria’s energy sector.
The Public Interest and Accountability (PIAC) has dismissed the perception that foreign oil-producing companies are shunning investments in Ghana because of the energy transition policies by their respective governments.
Their hand weakened by slumping crude output, Africa’s OPEC members were strong-armed into accepting lower quotas when the bloc and its allies last convened in Vienna, but say they are prepared to fight for their market share within the Saudi-dominated group.
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.
Kalyon Insaat has been awarded a $546 million contract to construct a 188.46-mile (303.3 kms) gas pipeline in Romania.
The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.