The most effective way to bring Africa’s oil and gas resources to market is through a quick, efficient partnership approach – as the West African nation has proved.
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has disclosed plans to reactivate shut-in wells as part of initiatives to increase oil and gas production in the country.
TotalEnergies EP Angola Block 20 has finalized the sale to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies, of a 40% interest in Block 20 in the Kwanza Basin in Angola. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments.
In June 2029, the Namibian government pays N$200 000 to 500 000 households from oil tax revenue. Desperate to win elections later that year, the ruling party raids the sovereign wealth fund and mortgages future oil revenue to afford the N$100 billion payout.
Energy Capital and Power (ECP) (https://www.EnergyCapitalPower.com) is proud to announce that Tom Alweendo, Namibia’s Minister of Mines and Energy, will deliver an address as a keynote speaker at the Angola Oil & Gas (AOG) 2023 Conference & Exhibition, scheduled for September 13-14 in Luanda. During the AOG 2023 conference – which convenes under the theme, […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it projects an increase in natural gas production from 8.0 billion cubic feet per day (bcfd) in 2020 to 12.2 bcfd in 2030 through its gas development efforts.
The near collapse of Venezuela’s once colossal oil industry under the weight of endemic corruption‚ and strict U.S. sanctions, along with Mexico’s sputtering mature oil fields, saw Latin America’s economically crucial hydrocarbon sector fall into decline.
RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time when demand is showing signs of recovery, research by the Federal Reserve Bank of Dallas has shown.
It was meant to be an arrangement by which Nigeria swapped crude oil for refined petroleum products but now it has emerged the country has accumulated up to $3 billion in debts owed to trading houses such as Vitol and oil majors like BP for fuel supplies.
ABUJA, June 12 (Reuters) – Nigerian President Bola Tinubu has been advised to reduce the state’s stake in the oil and gas sector to raise up to $17 billion to boost economic growth during his four-year term, a policy document showed.