oil and gas industry

Shell to Sell Nigerian Onshore Assets to Consortium: African Energy Chamber ) Calls for …

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | January 19, 2024 | Comment off

British multinational oil and gas company Shell has decided to sell The Shell Petroleum Development Company of Nigeria Limited (SPDC) – which owns onshore oil assets in Nigeria’s Niger Delta region – to a consortium comprising mostly local energy players ND Western, Aradel Holdings Plc, First E&P, the Waltersmith Group, Petroleum Development Company Limited and Petrolin. The transaction is measured at $1.3 billion, with further payments of up to $1.1 billion set to be made. The sale will come into effect following the relevant approval from government.

Shell’s $2.4bn asset sale spotlights local firms

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | January 19, 2024 | Comment off

The decision by Shell, a global energy giant, to exit its onshore business in Nigeria has sent shockwaves through the country’s oil and gas industry, casting a spotlight on local firms and raising questions about the future of the industry.

Oil & Gas Majors Eye Brazil’s Pre-Salt Region for Floating Wind

Oil & Gas | intent | January 17, 2024 | Comment off

Brazilian oil and gas major Petrobras – together with partners Shell Brasil, TotalEnergies, China’s CNPC and CNOOC, and the Federal University of Rio Grande do Sul (UFRGS) – has kicked off a series of wind measurements in Brazil’s pre-salt region to collect data for potential offshore wind projects in Búzios and Mero fields.

JX Nippon Oil & Gas Exploration: Leading the Oil and Gas Industry

Oil & Gas‚ Oil and Gas Industry | intent | January 17, 2024 | Comment off

JX Nippon Oil & Gas Exploration is a Japanese company operating in the oil and gas industry, seeking and developing new energy resource deposits worldwide. With over 50 years of experience, the company has established itself as a major player in this highly competitive sector.

Indonesia plans to offer 10 oil and gas blocks in 2024

Oil & Gas | intent | January 16, 2024 | Comment off

Indonesia offered 10 oil and gas blocks in 2023, with two working areas Akimeuga ..

Tullow steals show at maiden Supply Chain Awards

Oil and Gas Industry | intent | January 16, 2024 | Comment off

Tullow Ghana led the pack at the maiden Chartered Institute of Supply Chain Management (CISCM) Awards held over the weekend in Accra.

More Drilling Slowdowns for U.S. Oil, Gas Industry

Oil and Gas Industry | intent | January 15, 2024 | Comment off

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.

Decision time for oil and gas companies in 2024

Energy‚ Oil & Gas | intent | January 15, 2024 | Comment off

The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight as companies position to build scale and strengthen sustainability through the energy transition. Growth will make a comeback. But companies will not put their financial strength at risk in what threatens to be a turbulent year.

NUPRC boss seeks collaboration with police to combat oil theft

Oil and Gas Industry | intent | January 12, 2024 | Comment off

THE Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission, Mr Gbenga Komolafe, is seeking enhanced collaboration with the Nigerian Police toward curbing oil theft in the country.

Indonesia Extends Contract for Petronas’ Ketapang Block

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | January 11, 2024 | Comment off

Petroliam Nasional Sdn. Bhd. (Petronas) has received a 20-year extension to its production sharing contract (PSC) for the Ketapang block from Indonesia’s Energy and Mineral Resources Ministry.

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