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 […]
Audit Report false claims of NNPCL crude oil export without documentation Read More »
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
Sahara Group unveils ‘Responsibly Sahara’ initiative to enhance sustainability Read More »
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
African Energy Chamber to Host New Year Reception in London on 26 January Read More »
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,
Petrol shortage: FG shuts 7 depots for selling above N148 per litre Read More »
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
Never Underestimate the Importance of the Geoscience Companies in Africa in 2023 Read More »
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
