The operator of the Jerun field in Malaysia, SapuraOMV Upstream Sdn Bhd, has announced that the first gas has been achieved. Shell plc has a 30 percent equity stake in the field, through its Malaysian subsidiary, Sarawak Shell Berhad, and made a final investment decision on the development in 2021. The field is located around […]Read More
The United States Agency for International Development and the Federal Ministry of Power signed a memorandum of understanding on Wednesday to affirm Nigeria’s dedication to electricity sector reforms, ensuring market transparency, liquidity, and expanding access to affordable power. The MOU was signed by USAID/Nigeria Mission Director Melissa Jones and the Permanent Secretary of the Federal […]Read More
Seplat Energy Plc saw a significant drop on the Nigerian Exchange (NGX) today, with its share price decreasing by 8.30 percent to end at N3,480. This fall also led to a reduction in market capitalization by N185.16 billion. The decline in Seplat Energy’s stock was a key factor in the Nigerian Exchange’s overall decrease of […]Read More
Nigeria has substantially decreased the sulphur content in its imported diesel, according to the National Midstream Downstream Petroleum Regulatory Authority (NMDPRA), as reported by Argus. This action occurs amidst ongoing discussions about the quality of diesel available in the local market. George Ene-Ita, NMDPRA spokesman, informed Argus that due to enforcement and compliance by importers, […]Read More
Shell Overseas Holdings Limited, a subsidiary of Shell plc (Shell), has signed an agreement to invest in the Abu Dhabi National Oil Company’s (ADNOC) Ruwais liquefied natural gas (LNG) project in Abu Dhabi through a 10 percent participating interest. “This investment decision builds on our long-standing partnership with ADNOC,” said Shell’s Chief Executive Officer Wael […]Read More
Italy’s supermajor Eni has announced a significant natural gas discovery in the mid-deep waters of the Gulf of Mexico, off the Mexican coast. The new find holds an estimated 300 to 400 million barrels of oil equivalent, according to Eni. The discovery was made in the Sureste Basin, where Eni has already identified over 1.3 […]Read More
The Rural Electrification Agency (REA) has entered into a Memorandum of Understanding (MoU) with five companies specializing in renewable energy to improve access to electricity in Nigeria. This collaboration is expected to provide a combined capacity of 1,265 megawatts (MW) from renewable sources. The agreements were made between REA and five companies: A4&T Power Solutions, […]Read More
TotalEnergies has notified South Africa’s petroleum regulator about its decision to exit the 11B/12B offshore gas field. In 2019, TotalEnergies identified two significant gas reserves in Block 11B and 12B off the southern coast of South Africa. This departure represents a significant blow to South Africa’s plans, which hoped to use the gas to restart […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
China’s state-held oil and gas giant CNOOC said on Thursday that it had launched crude oil production from a new development project in the South China Sea. CNOOC, which specializes in offshore exploration and production in China and abroad, announced the start of the Enping 21-4 Oilfield Development Project in the eastern South China Sea, at an […]Read More
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