ARA Petroleum announced that the Ministry of Energy in Tanzania has granted a 25-year Development Licence over the Ntorya natural gas discovery area to the Ruvuma joint venture.
LAGOS/LONDON, Jan 29 (Reuters) – Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.
Shell – which pioneered Nigeria’s oil industry – is the most prominent Western company to exit the Delta, a region blighted by pollution, oil theft and pipeline vandalism. Those issues have for years stymied investment – and throttled production and government finances.
Aramco discovers two significant natural gas fields in the Empty Quarter, yielding substantial reserves for Saudi Arabia’s energy security
In a key move to revitalise the Nigerian economy, the Senate Committee on Upstream Petroleum led by Senator Etang Williams, conducted an inspection tour at the Kaztec Engineering Facility in Lagos.