Oil & Gas

By Our Correspondent TotalEnergies has completed the divestment of its 18 per cent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. According […]

By Eyo Nsima African Energy Chamber, AEC, the voice of the African energy sector, has observed that the re-election of H.E. João Lourenço’s as President of Angola would reinforce oil sector reforms introduced over the past 5 years. The AEC, which congratulated the President, stated: “The African Energy Chamber (AEC) would like to congratulate H.E.

Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria on Wednesday in Lagos. NAN reports that the TNP  takes crude from production fields to SPDC joint venture terminal in Bonny Island in Rivers. It supports supports crude

By NJ Ayuk Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned,

By Eyo Nsima The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that Nigeria’s oil output dropped below one million barrels per day in August 2022. According to the regulator, the daily average production for August was 972,394 barrels compared to 1.083 million barrels produced in July 2022. .Details coming later

By Eyo Nsima The Nigerian Navy, NN, has denied the involvement of MV HEROIC IDUN in the controversial three million barrels of Nigeria’s crude oil. The vessel was arrested a few days ago and is currently interrogated by authorities in Equatorial Guinea in connection with oil theft. But Commodore Adedotun Ayo-Vaughan, Director of Information, said

By Eyo Nsima Atlas Oranto has confirmed its participation at African Energy Week 2022 as a diamond sponsor, where the firm looks forward to providing an update on its oil and gas projects as well as growth plans across Africa. In a statement obtained by The Daily, www.thedaily-ng.com, the African Energy Chamber (AEC), the voice

By Our Correspondent Trinity Energy, South Sudanese petroleum retail services firm, will be participating at this year’s edition of African Energy Week, AEW, as a gold sponsor, shaping discussions on the challenges and opportunities within the sector. According to African Energy Week (AEW), the conference and exhibition, Africa’s premier event for the oil and gas