Oil & Gas

World oil demand to decline by 9.5 mb/d --- Report

First LNG Shipment Arrives Terminal at Wilhelmshaven, Germany

By Our Correspondent The first cargo of LNG arrived at Germany’s newly built floating terminal at Wilhelmshaven on January 3, 2023, according to FleetMon. It stated: “The vessel, Maria Energy transported the LNG cargo from the US. The 93,300 dwt gas carrier had loaded 170,000 cbm of LNG from Louisiana and departed on December 19th. […]

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Audit Report false claims of NNPCL crude oil export without documentation

The Audit report released by the Office of the Auditor-General for the Federation on export of crude oil did not indict the Nigerian National Petroleum Company Ltd as claimed in an online news report. An online publication had claimed in a news report that the NNPCL exported 17.877 million barrels of crude oil without proper

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Sahara Group unveils ‘Responsibly Sahara’ initiative to enhance sustainability

Leading energy and infrastructure conglomerate Sahara Group has flagged off the “Responsibly Sahara” initiative to enhance the organisation’s sustainability footprint across Africa, Asia, Europe, and the Middle East. Ejiro Gray, Director, Governance and Sustainability, Sahara Group, said the initiative would embody Sahara Group’s march towards greening its operations progressively to promote access to clean energy

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

African Energy Chamber to Host New Year Reception in London on 26 January

The voice of the African energy sector, the African Energy Chamber (AEC), will host a special New Year reception event at the Waldorf Hilton luxury hotel in London on 26 January where participants will be encouraged to explore new avenues in financing energy projects on the African continent. During the event, investors and African energy

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Petrol shortage: FG shuts 7 depots for selling above N148 per litre

Petrol shortage: FG shuts 7 depots for selling above N148 per litre

Petrol shortage: FG shuts 7 depots for selling above N148 per litre By Eyo Nsima The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has closed seven private depots because of selling petrol above the approved N148 per litre. The Chief Executive of the NMDPRA, Engr. Farouk Ahmed said the depots, including Ardova, Rainoil, TCL,

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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

Never Underestimate the Importance of the Geoscience Companies in Africa in 2023

By NJ Ayuk It didn’t surprise me when TGS, the Norwegian seismic data company, announced last May that it would work with National Oil Company of Liberia (NOCAL) to reprocess more than 5,100 square kilometers of 3D seismic data captured in the offshore Liberian basin. After all, the company has a 20-plus year history working

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Independents Energy firms are Raring to Go in Africa in 2023 with Sustainable Energy Development

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

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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

MARITIME: Equinor invests $1.33bn in Hammerfest LNG Terminal

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

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Shell, partners lead in PIA implementation – NUPRC

Shell to pay €15m settlement for oil spills in Niger Delta

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

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Congo Takes Lead in Gas Monetization with Second Eni-Led Floating LNG Project

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

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