INTERVIEW: Oil will remain relevant for more than 50 years — DPR With the quest for renewable energy and other resources, many people think the era of oil is over. But in this interview Engr. Sarki Auwalu, Director/Chief Executive Officer, Department of Petroleum Resources, said it will remain relevant in over the next 50 […]
INTERVIEW: Oil will remain relevant for more than 50 years — DPR Read More »
By Eyo Nsima Trafigura Group Pte Ltd (Trafigura ), one of the world’s leading independent commodity trading companies, announced the closing of a new US Private Placement transaction, raising USD203.5 million of financing across 5, 7 and 10 year tenors. The transaction was Trafigura’s sixth in this market, and was timed to refinance a USD98
By Eyo Nsima ExxonMobil has made a new oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. According to the company, “Drilling at Uaru-2 encountered approximately
ExxonMobil makes new oil discovery at Uaru-2 offshore Guyana Read More »
By Eyo Nsima The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) which took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation has ended.
OPEC and non-OPEC Ministerial Meeting ends as members commit to oil market stability Read More »
A group of petroleum tanker owners in Nigeria under the auspices of the Association of Distributors and Transporters of Petroleum Products (ADITOP) has commended the Nigerian National Petroleum Corporation (NNPC) for its unrelenting efforts to bring sanity into the downstream sector of the oil industry Speaking during a visit to the NNPC Towers Abuja, the
ADITOP hails NNPC’s Downstream strides Read More »
Sahara Group makes case for increased awareness on occupational safety, health Leading energy conglomerate, Sahara Group has called for increased stakeholder collaboration towards achieving sustained awareness campaigns and interventions that will enhance workplace safety and health across the globe. Adeniyi Ige, Safety Manager at Sahara Group, said employers and employees need to
Sahara Group makes case for increased awareness on occupational safety, health Read More »
Seplat and its Board Chairman win the most profitable company, Board Chairman of the year … As Nigerian Exchange, BusinessDay laud winners at the NIVA Seplat Petroleum Development Company Plc has won the Most Profitable Company (Oil & Gas: Exploration and Production), with Dr. ABC Orjiako, Chairman SEPLAT emerging as the Board Chairman of the
Total declares force majeure on Mozambique LNG Project Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of the Mozambique LNG project, to declare force majeure. Total
Total declares force majeure on Mozambique LNG Project Read More »
Angola’s National Agency for Oil, Gas and Biofuels has published a video based on the presentation event it hosted for upstream companies on 12 April showcasing the exploratory potential of the acreage on offer in its onshore 2020/2021 bid round; Six blocks in the Kwanza Basin and three blocks in the Lower Congo Basin offer
Angola’s Petroleum Agency launches video exposé on Licensing Round Exploration Potential Read More »
The Department of Petroleum Resources (DPR) has inaugurated a team of experts to evaluate the revoked four oil mining licenses from Addax Petroleum Exploration Nigeria Limited to a new operator – Kaztech/Slavic Consortium. Director of DPR, Sarki Auwalu in a statement signed by Head, Public Affairs, DPR, Paul Osu said the move was in fulfillment
DPR to present four revoked oil assets to Kaztech/Slavic Consortium Read More »
