Libya’s oil industry continued its revival recently following a truce between the main factions in the OPEC member’s devastating civil war according Bloomberg. The Sarir field opened of recent, according to its operator, Arabian Gulf Oil Co. Production is just 30,000 barrels a day for now. But with a capacity of about 200,000, it’s the […]

Angola’s state oil giant made no money from core oil activities last year, a Reuters analysis of its full accounts shows, as billions of dollars of debt repayments ate up profits. The bleak disclosure within the company’s 121-page annual financial results published in Portuguese last week underlines the perils facing the impoverished, oil-dependent nation, even […]

Shell – is next in line after AP, Chevron – has decided to part with part of its workforce in order to launch its restructuring and its switch to cleaner energy production. This decision is primarily part of the efforts to reorganize the company’s activities. With a view to restructuring its activities over the next 30 […]

General Electric Company GE recently announced that it has completed the gas turbine rehabilitation project at Niger Delta Power Holding Company’s (“NDPHC”) three power plants located in Nigeria. Financial terms of the deal were kept under wraps. NDPHC is the major producer of electricity in Nigeria, with an overall installed capacity of 4.0-gigawatt. Currently, the company […]

The Nigeria NNPC Group announced that it signed off on agreements for monetization of Oil Mining Lease (OML) 143 with Sterling Global. The agreement will give Sterling Global the licences to begin production and trade from findings early even at the exploration stage. Sterling Global was accused of an illegal mining operation in 2019. The […]

Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favour of new bodies, a copy of the bill seen by Reuters showed. President Muhammadu Buhari has sent the bill to the Senate, two sources told Reuters. […]

Nigeria LNG (NLNG) has selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island liquefaction plant in Finima, Nigeria, Siemens reported according to Rigzone.. “With more than 20 years of safe and reliable production, the NLNG Bonny Island plant is a staple facility in the global LNG industry,” remarked […]

PetroNor E & P an independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that the Company has reached a mutual agreement with the Government of The Gambia to settle its Arbitration related to the A1 and A4 licenses. Under the terms of […]

PGS a global survey firm, providing seismic images and 3D data describing the subsurface beneath the ocean floor that oil companies rely on to find oil and gas reserves worldwide has announced that More than 3 500 sq. km of new PGS broadband reprocessed MultiClient data is now available in the West Niger Delta Basin, […]

The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following the deregulation of petrol. The Director, DPR, Mr Sarki Auwalu, was quoted in a statement he made recently, disclosing that an additional seven modular refineries were already at various levels of completion. “By 2022, Nigeria […]