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
The Nigerian National Petroleum Company (NNPC) Ltd has disclosed that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother Vessels and Daughter Vessels resulting from recent thunderstorm. In a statement […]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
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
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
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has rejected the allegations from Dangote Refinery’s management, which claimed that fuel marketers are bringing substandard fuel into Nigeria with the approval of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). DAPPMAN, in a statement released last night, asserted that no member of their […]Read More
Paraphrased Article ExxonMobil, a leading American oil and gas corporation, has affirmed that it will maintain its presence in Nigeria. On Monday, Shane Harris, the managing director and CEO of ExxonMobil, shared this commitment during his visit to Nigeria’s minister of state for petroleum resources, Heineken Lokpobiri. In the meeting, according to a statement by […]Read More
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced the signing of production sharing contracts (PSC) with multinational energy corporation and the state-owned oil company GEPetrol and Chevron. The new PSCs outline clear development plans for the assets, including provisions on minimum investments, exploration programs, sustainable development and state benefits. The contracts also […]Read More
The management of Dangote Refinery at the weekend has accused International Oil Companies (IOCs) operating in Nigeria of planning to ensure the failure of the $19 billion refining facility. Devakumar Edwin, Vice President, Oil and Gas at Dangote Industries Limited (DIL), said the multinationals were deliberately frustrating the refinery’s efforts to buy local crude by […]Read More
Nigeria’s crude oil production faces disruption after Aiteo Eastern Exploration and Production Company, operator of the Nembe oil field in Bayelsa State, halted operations due to an oil spill. The company revealed in a release that the leak was discovered on June 17 while conducting routine operations in the Nembe area of Bayelsa State. This […]Read More
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