INTERNATIONAL oil and gas companies and various stakeholders positively respomded for the first round of Zanzibar block allocations where bids were invited last March, the government has declared.
Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said.
Brevity Anderson, a strategic advisory and consultancy firm specializing in facilitation and optimising international trade and business operations has signed a landmark Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO).
The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million, says Chief Corporate Communications Officer Olufemi Soneye.
David Ampofo, the Chief Executive Officer of the Ghana Upstream Petroleum Chamber, has raised alarm regarding the declining state of the oil and gas industry, highlighting that significant potential benefits for Ghanaians are jeopardized by a troubling decrease in production over the past years.
Springfield Group will test the Afina-1x well on West Cape Three Points Block 2 offshore Ghana (WCTP2) after signing a strategic alliance agreement and contract with Northern Ocean Ltd. for the Deepsea Bollsta drilling unit.
China’s economic woes and property crisis have been weighing on global oil demand consumption and growth expectations this year.
Despite some renewed optimism in the wake of the Fed’s jumbo cut, concerns about China aren’t going away.
OPEC trimmed its oil demand growth forecast for 2024, citing concerns in China.
The Petroleum Technology Association of Nigeria (PETAN) has launched an ambitious advocacy to promote sustainable local content development in Africa especially in Nigeria where the Association has made great progress in training local engineers.
Commercial exports are expected in 2028.
EPRA has extended the Field Development Plan review to December 31.
SOCAR (State Oil Company of Azerbaijan Republic) and UK oil major BP have signed a memorandum of understanding (MoU) to explore potential collaboration opportunities in international oil and gas upstream projects. The partnership, focused on bolstering global energy security, underscores the companies’ commitment to a reliable and sustainable energy supply.