Jude Atebe, managing director of Derotech Offshore Services, talks to The Energy Year about the investment momentum behind Nigeria’s offshore revival and the company’s strategy to expand into deepwater intervention and regional markets.
Tulcan Energy Exploration & Production Company has been awarded Petroleum Prospecting Licence (PPL) 2008 offshore Nigeria, marking the company’s entry into deepwater exploration and expanding its upstream portfolio.
Nigeria’s Indigenous firms are looking forward towards operational efficiency to drive Nigeria’s production target. Their new business outlook is adding value to Nigeria’s expanding production growth with oil production averaging 1.56 million barrels a day (mbpd) in June 2026. This marked the highest monthly crude output since April 2020 and exceeding Nigeria’s 1.5 mbpd OEC […]
An indigenous oil company, Nestoil Group, has strengthened Nigeria’s oil exploration and production capacity through the deployment of its wholly Nigerian-crewed drilling rig, the Pathfinder 500. The Group’s Chairman, Dr Ernest Azudialu-Obiejesi, disclosed this in a statement on Saturday, noting that the aim was to increase crude oil production from Oil Mining Lease (OML) 42. […]
Nigeria’s Dangote Refinery, the largest on the continent, is expected in October to seek to raise around $5 billion in Africa’s biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war.For potential investors, the question is whether Dangote, majority-owned by Africa’s richest man, Aliko Dangote, can avoid squeezing its profits […]
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at the Bumerangue field offshore Brazil, as the operator moves to further evaluate its deepwater discovery.
The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
Nigeria has made significant progress in attracting investment in the upstream oil and gas industry and has placed infrastructure development a priority to support expected growth in the sector. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), reflecting a continent-wide trend, recently stated it expects 22 major offshore oil and gas projects to begin between now […]
The much-touted multi-billion-dollar Nigeria-Morocco Gas Pipeline is yet to take off owing to the alleged ‘lukewarm’ attitude of Nigerian authorities
Nigeria’s plan to turn its state oil company, Nigerian National Petroleum Company Limited (NNPC), into a publicly traded firm is back on the table, ten years after officials first floated the idea in November 2016 and then let it stall.