The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is looking to partner with Argentina in natural gas exploration and production.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned producers in the oil and gas industry against frustrating the government’s climate action project.
The NUPRC head of Public Affairs and Corporate Communications, Laide Shonola, disclosed this in a statement on Wednesday.
The Minister for Energy, Matthew Opoku Prempeh, has noted that the country is geared towards balancing a low-carbon economy with economic growth.
He, however, cautioned on the need to exercise caution in the path towards achieving a zero carbon emission to ensure a vibrant stable economy.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea’s Greater Buchan Area development from Jersey Oil and Gas (JOG).
LONDON: Oil prices tanked 4 percent on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts.
EU countries exceeded their target to reduce gas consumption in the period from August 2022 to March 2023.
RM Parks Inc. California-based US fuel distribution company signed an agreement with the BOI with an investment of U$ 100 million. The company will serve the Sri Lankan petroleum sector, in collaboration with Shell Plc.
TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills oil sands asset and associated midstream commitments. The consideration for the transaction is C$1.47 billion (about US$1.1 billion), with an effective date on April 1st, 2023. Including adjustments, TotalEnergies received a cash payment at closing of C$1.83 billion (about US$1.3 billion).
Indigenous oil firm Seplat is now moving towards achieving its expansion goal with more asset acquisition as the federal government appears ready to resolve the impasse that almost denied the firm a deal with ExxonMobil.
The Nigerian economy depends significantly on the oil and gas sector. Despite persistent challenges, recent technological advancements, including robotics, advanced instrumentation, drones, and rapid progress in artificial intelligence solutions, are bringing about a transformative era for the industry. This article explores the potential of these cutting-edge technologies to enhance sub-surface production monitoring, enabling real-time measurement, and ensuring the secure transportation of produced volumes across an extensive network of pipelines and surface installations in a bid to contribute to the enhancement of Nigeria’s economic prosperity through technological innovation.