Brazil: TotalEnergies launches Phase 4 on the Giant Mero Field Development TotalEnergies and its partners have taken the investment decision for the fourth phase of the Mero project (Libra block), located deep offshore, 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin. The Mero 4 […]
Brazil: TotalEnergies launches Phase 4 on the Giant Mero Field Development Read More »
OPEC Daily Basket – August 2, 2021 OPEC daily basket price stood at $73.89 a barrel Monday, 2 August 2021, compared with $74.98 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
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Nigeria promises to assist Senegal to grow oil, gas industry By Eyo Nsima Nigeria has promised to assist Senegal, to develop its oil and gas industry, in the spirit of regional cooperation. The Minister of State Petroleum Resources, Timipre Sylva, who made the promise when he received a Senegalese delegation led by Minister of Petroleum,
Nigeria promises to assist Senegal to grow oil, gas industry Read More »
…declares interim dividend of 2.5 cents per share Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenue went up 32percent to $308.8 million in H1’21, from $233.5million in
Seplat grows half year profit before deferred tax by 142.7% Read More »
The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers. The agreements which are part of
NNPC, Partners to rake in over $760million Revenue from OML 130 Gas Supply Agreements Read More »
World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo) with effect from 1st August 2021. Elohor is the first female to lead a Shell exploration company in the over 60 years of Shell’s operations in Nigeria. She succeeds Bayo
Shell unveils first female Managing Director for deep-water Nigeria Read More »
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace for the country. A statement by the Group General Manager, Group Public Affairs Division of the
Kyari assures AKK Gas Pipeline Project ‘ll be delivered on schedule, create prosperity Read More »
By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that the outbreak of Coronavirus pandemic, culminated in the collapse of the global oil market in 2020. In his foreword to the organisation’s 2020 Annual Report, Secretary General, Dr. Mohammad Barkindo, said: “The year 2020 was like no other in living history. Not
How COVID 19 raked havoc on global oil market in 2020 — OPEC Read More »
By Eyo Nsima President Muhammadu Buhari, Thursday, said the Fedral Government, has slashed Gas to Power price to $2.18 from $2.50. President, who disclosed this while declaring open the 2021 Gas Sector Stakeholders (Ajaokuta-Kaduna-Kano, AKK Gas Pipeline Project) Forum held in Kano, said the reduction have been communicated to the relevant stakeholders for compliance Buhari,
FG slashes Gas to Power price to $2.18 Read More »
