The Managing Director of Omiti Engineering, Nduka Nwosu has said that the new licensing round for 19 oil blocks will unlock opportunites for indigenous firms.
The MD said this at the launch of the bid round by the Minister of Petroleum Resources, Heineken Lokpobiri and Nigerina Upstream Petroleum Regulatory Commission’s Chief Executive, Gbenga Komolafe.
Energy and commodities company Vitol will participate at the Angola Oil&Gas (AOG) 2024 conference (https://apo-opa.co/4b9OwCw) – scheduled for October 2-3 in Luanda – as a silver sponsor. The sponsorship demonstrates the company’s dedication to fueling the expansion of the Angolan oil and gas market by leveraging its extensive expertise and services.
Vice President and flagbearer of the NPP, Dr. Mahamudu Bawumia has outlined comprehensive measures he believes will address a general concern with regard to management of Ghana’s natural mineral resources.
Nigeria is inviting bids from international investors with financial and technical capacity for 12 onshore and deepwater oil blocks, its oil regulator said in a speech yesterday at a global oil conference in Houston, Texas.
The approval has been granted for offshore oil block S-4, which was offered as part of the auction initiated in September 2023.
The Mauritanian government has opted not to renew international oil company bp’s contract for the exploitation of the BirAllah gas field, located in the coastal basin of Mauritania.
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has confirmed the departure of a floating production, storage, and offloading (FPSO) vessel from a Chinese shipyard. This FPSO is now sailing toward South America, where it is expected to be deployed off the coast of Brazil.
Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.
Mermaid Maritime’s joint venture with a Middle Eastern offshore services company has secured a one-year contract extension for subsea services with an upstream oil and gas company.
A US official has said that Iranian oil is being transported through Malaysia to China.