By NJ Ayuk In late 2019, Africa Oil Corp. President and CEO Keith Hill told Petroleum Economist that, given Africa’s unproven oil and gas basins, the continent was probably “the greatest frontier,” with outstanding opportunities for exploration, production, and development companies, including independents. Three years later, Hill remains bullish about Africa, and Canada-headquartered Africa Oil […]
By Our Correspondent A Norway-based energy company Equinor has invested $1.33 billion in the upgradation of the Hammerfest LNG liquefaction plant, located on Melkoya Island, according to FleetMon. It stated: “The new project, named “Snohvit Future” is intended to install onshore gas compression and electrification of the facility. The compression capability will ensure that there
MARITIME: Equinor invests $1.33bn in Hammerfest LNG Terminal Read More »
By Eyo Nsima Shell Petroleum Development Company, SPDC, has agreed to pay €15 million in compensation to communities in the Niger Delta affected by multiple oil pipeline leaks in the country’s Niger Delta region. SPDC, a Nigerian subsidiary of the global oil giant, made this known in a statement on Friday, December 23, 2022. Four
Shell to pay €15m settlement for oil spills in Niger Delta Read More »
At a time when Africa most needs its oil and gas resources, the Republic of the Congo is taking the lead, driving an ambitious gas monetization agenda led by the Minister of Hydrocarbon, H.E. Bruno Jean-Richard Itoua – who also served as the President of the African Petroleum Producers Organization for 2022 – and national
Congo Takes Lead in Gas Monetization with Second Eni-Led Floating LNG Project Read More »
While environmental activists have sought to restrict South Africa from monetizing its oil and gas resources, the country’s Department of Mineral Resources and Energy (DMRE) has proven resilient and is currently moving ahead with plans to open up key onshore and offshore licensing rounds, in a bid to end chronic loadshedding for good. As the
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that it has joined the Extractive Industries Transparency Initiative (“EITI”) in support of EITI’s mission to promote the open and accountable management of oil, gas and mineral resources. EITI is a global standard for the good
Savannah Energy Joins the Extractive Industries Transparency Initiative (“EITI”) Read More »
By Eyo Nsima The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has presented seven deep offshore oil blocks to investors in Abuja. Presenting the offshore oil blocks, the Commission Chief Executive, Engr. Gbenga Komolafe, the exercise was targeted at spurring new exploration and drilling activities offshore Nigeria. He said: “The Mini Bid Round will be managed by
UPSTREAM: NUPRC offers 7 offshore oil blocks to investors in Nigeria’s mini-bid round Read More »
• Start of production at the Haru Oni pilot plant in southern Chile marks a milestone in decarbonizing the transportation sector • Siemens Energy is working with HIF Global, Porsche, and other partners to make carbon-neutral fuel from wind power and water at industrial scale • Certificate confirms produced fuel is sustainable Production begins
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has empowered a total of 22 entrepreneurs from the duo’s Youth Entrepreneurship Programme. The event had the entrepreneurs unveil their business plans following the 2022 C4C Global Entrepreneurship Fellowship Programme, and was
Seplat Energy, C4C youth empowerment programme lifts 22 entrepreneurs Read More »
By Eyo Nsima The Nigerian Gas Association, NGA, has tasked stakeholders in Nigeria’s gas sector to work toward harnessing adequate gas for power generation, domestic cooking and export to generate foreign exchange. The association also harped on the need for massive infrastructural development, improved regulatory climate, capable of encouraging domestic and foreign investment in the
JUST IN: NGA tasks operators on gas to power, others Read More »
