TotalEnergies has signed a framework agreement with the US Company NextDecade to participate in the development of the Rio Grande LNG (RGLNG) project, a liquefied natural gas (LNG) plant located in South Texas. Under the terms of the agreement, and subject to execution of definitive documentation and final investment decision: TotalEnergies shall hold a 16.7% […]
JUST IN: Iran, Saudi Arabia, Iraq lead in OPEC rig count By Eyo Nsima Three member states of the Organisation of Petroleum Exporting Countries, OPEC – Iran, Saudi Arabia and Iraq – currently lead in terms of rig count. The rig count is a major index for measuring exploration and production activities in the global
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TotalEnergies announces the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed
TotalEnergies makes oil and gas discovery in offshore OML 102 Read More »
MARKET UPDATE: Oil prices bounce back to over $74 per barrel By Eyo Nsima Barely a few hours after the Organisation of Petroleum Exporting Countries, OPEC, had released its June Monthly Oil Market Report, MOMR, the prices of crudes bounced back to an average of $75 per barrel in the global market. Specifically, the prices of
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BREAKING: Nigeria beats Angola to become Africa’s leading oil producer with 1.2 mb/d By Eyo Nsima Nigeria has emerged as a leading African oil producer with 1.1 million barrels per day, mb/d, excluding condensate. The Organisation of Petroleum Exporting Countries, OPEC disclosed this in its latest June 2023 Monthly Oil market Report, MOMR obtained by
BREAKING: Nigeria beats Angola to become Africa’s leading oil producer with 1.2 mb/d Read More »
Nigerian Authorities Restore Immigration Documents of Seplat Energy CEO, Roger Brown Seplat Energy is pleased to announce that the Ministry of Interior (“Ministry”) and the Nigeria Immigration Service (“NIS”) have restored the Working Permit, Combined Expatriate Residence Permit and Aliens Card (“CERPAC”) and other Visas for the entry or stay in Nigeria (“Immigration Documents”)
Nigerian Authorities Restore Immigration Documents of Seplat Energy CEO, Roger Brown Read More »
MARKET UPDATE: Oil Prices drop to $72.99 per barrel in early morning trading By Eyo Nsima As the global market continues to record much volatility, many crude oil prices dropped significantly Monday morning. A survey of the global oil market by The Daily, www.thedaily-ng.com, showed that the prices of Brent and WTI that hovered at $74
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INTRODUCTION The Centre for the Promotion of Private Enterprise [CPPE] commends the Nigeria Labour Congress [NLC] and the Trade Union Congress [TUC] for opting for dialogue in resolving the impasse triggered by the fuel subsidy removal. In truth, the pains inflicted on the citizens, especially the vulnerable segments of the society, were very severe. A
FUEL SUBSIDY REMOVAL: ENSURING INCLUSIVE, IMPACTFUL AND SUSTAINABLE PALLIATIVE MEASURES Read More »
Was Technip Energies pleased with the outcomes achieved at the African Energy Chamber – Invest in African Energy Forum in Paris? Yes. At an event like this, we expect to meet our clients and subcontractors. It’s very important for us to communicate the fact that Africa is the right place to invest, specifically in the
Natural Gas as the Key to Driving Europe-Africa Energy Investment Read More »
FUEL SUBSIDY: Why Nigerians should accept policy — Speaker, Lagos Assembly By Eyo Nsima The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has called on Nigerians to embrace the nation’s fuel subsidy as a way of life. Speaking at the occasion of his inauguration in Lagos, he said that
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