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 […]
On Wednesday, Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar held a joint press conference with his Syrian counterpart, Mohammed al-Bashir, in Damascus. The primary topic of discussion was Turkey’s readiness to begin upstream activities in Syria, both through the state-owned Turkish Petroleum Corporation (TPAO) and private firms – whom Bayraktar stated would be ready […]
Anderson Fernandes, managing director of Engigest, talks to The Energy Year about opportunities for digitalisation outside the upstream oil and gas sector and investing in collaborations and partnerships to further Angola’s engineering and industrial capabilities. Engigest is a provider of EPC, digitalisation, engineering, supply chain and IT management services. Engigest is applying in-house digital twin […]
As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase.
Dr John Abdulai Jinapor, the Minister of Energy and Green Transition, on Thursday said the government paid off about $1.47 billion in legacy debt within Ghana’s energy sector. That, he explained, had rekindled confidence and brought financial stability as well as viability to the energy sector. Dr Jinapor, speaking on behalf of President John Dramani […]
The Public Interest and Accountability Committee (PIAC) has marked 15 years of promoting transparency and accountability in Ghana’s management and use of petroleum revenues.
Marinvest Energy Canada Inc and the Atikamekw Nation-led Kino Aski Inc have formed a partnership to pursue a liquefied natural gas (LNG) project with a capacity of 15 million metric tons per annum (MMtpa), which would be catered to Europe. “In a period of global energy instability, Kino Aski LNG will establish a reliable, secure, […]
Venezuela is opening more of its oil and gas sector to private investment as the country seeks capital to rehabilitate mature fields, rebuild aging infrastructure and ultimately increase crude production toward 3 MMbpd, government and PDVSA officials said Aug. 19. Speaking at an industry event in Houston, Venezuelan Hydrocarbons Minister Paula Henao said recent regulatory reforms have […]
ConocoPhillips Alaska achieved first oil Aug. 7 from its approximately $800 million Coyote 3SX development in Alaska’s Kuparuk River Unit (KRU), bringing the project online ahead of schedule and under budget. The development, located on state land on Alaska’s North Slope, is expected to reach peak gross oil production of approximately 12,000 bpd. ConocoPhillips approved funding for the […]
CoreMarine has completed the disconnection of Golar LNG’s Hilli Episeyo FLNG after eight years of operations offshore Cameroon, clearing the floating LNG vessel for its planned redeployment to Argentina. CoreMarine provided project management, engineering, procurement and offshore operational services for the campaign, developing a disconnection methodology tailored to the facility. The company said the approach was designed to […]