The Bureau of Safety and Environmental Enforcement (BSEE) has activated its Hurricane Response Team and is monitoring offshore oil and gas operators in the Gulf of Mexico as they continue their response to Hurricane Helene.
Worry about oil supply disruption in the Middle East pushed Brent crude and West Texas Intermediate higher earlier today in Asian trade, as Israel continues to pound Lebanon after the killing of the Hezbollah leadership last week. It also struck targets in Yemen, signaling it was willing to expand the conflict.
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.