Shell Companies in Nigeria have been named the best local content operators at the 2022 annual industry dinner and awards ceremonies of the Petroleum Technology Association of Nigeria (PETAN) held in Port Harcourt, the Rivers State Capital, on Friday. The Managing Director of Shell’s deep-water business, Shell Nigeria Exploration and Production Company, Mrs. Elohor Aiboni, […]
Shell emerges best local content operator Read More »
The European Union faces a potential shortfall of almost 30 billion cubic metres of natural gas in 2023 – but this gap can be closed and the risk of shortages avoided through stronger efforts to improve energy efficiency, deploy renewables, install heat pumps, promote energy savings and increase gas supplies, the IEA says in a
How the European Union can avoid natural gas shortage Read More »
While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete disinterest in collaborating towards a singular, pan-African event. As such, talks with AOW are officially over and AEW will press on with
Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with PETRONAS International Corporation Limited (PETRONAS) to acquire PETRONAS’ entire oil and gas business in South Sudan (the PETRONAS Assets) through the acquisition
The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of
Further to its principles of conduct defined for its activities in relation to Russia, published on March 22, 2022, TotalEnergies has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe. TotalEnergies holds a 19.4% stake in the company Novatek, a stake that it cannot sell given
Russia: TotalEnergies decides to withdraw directors from Novatek Read More »
Indigenous operators and service companies in the oil and gas industry have been advised to identify with appropriate Sectoral Working Groups under the Nigerian Content Consultative Forum (NCCF) to be able to receive adequate attention on operational difficulties of whatever nature. The Forum, established to “identify issues and responsibilities, and propose interventions that can address
NCDMB boss explains role of NCCF, even as industry chiefs hail Board for accomplishments Read More »
By NJ Ayuk When African Union Chairman Macky Sall addressed the United Nations General Assembly last September, he wasn’t shy about speaking up for his continent. The gist of his message? There is absolutely no excuse for failing to ensure consistent African representation in the world’s key decision-making bodies. “It is time to overcome the
Macky Sall Has Excelled as an African Voice Speaking up for African Priorities Read More »
…NCDMB charges indigenous companies on compliance Mid-way into a 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations, industry regulator Nigerian Content Development and Monitoring Board (NCDMB) has recorded a 54 per cent Nigerian content level in 2022. Presenting a status report at the 11th Practical
Nigerian content level hits 54% in 2022 Read More »
By Godswill Odiong The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Mr. Simbi Kesiye Wabote has disclosed that the 10-year Strategy Roadmap launched in 2017 will increase Nigerian Content in the oil and gas industry to 70% by the year 2027. Wabote said this on Monday in Uyo, Akwa Ibom State at the
NCDMB will increase local content in oil and gas industry to 70% by 2027 Read More »