The Nigeria Petroleum Regulatory body Department of Petroleum Resources (DPR), has said it will continue to use its regulatory instruments to enhance revenue collection for the Federal Government. These instruments, via which the Department as a revenue collection agency of government has remitted $1.03billion to Federation Account from oil and gas royalties and legacy debts […]

Libya’s National Oil Corporation will restart production from certain fields and some exports of crude oil, the company said, as quoted  by local media and as being reported by Oil price.com, adding that it will only restart production at “safe” fields and exports from safe ports. “Our main concern is to start production and exports […]

The establishment of another modular refinery in Edo state of Nigeria is expected to increase crude oil production from 6,000 barrels per day (bpd) to 60,000 bpd. The project is being developed by two Chinese firms; AIPCC Energy Limited, Peiyang Chemical Equipment Company Limited (PCC). and African Infrastructure Partners Limited In preparation for the commencement […]

DOF Subsea a leading provider of subsea project and marine services company has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project shall utilize Skandi Seven for a minimum of 303 firm vessel days plus 365 days of options. The Contract also includes the potential supply […]

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to […]

Tanzanian president John Magufuli and his Ugandan counterpart Yoweri Museveni on recently gave a green light for the construction of the 1,443km heated oil pipeline that will transport oil from Hoima in Uganda through Chongoleani in Tanga, Tanzania to the world market, saying the remaining issues should immediately be concluded. The two leaders, who met […]

The Libyan National Army, the military group that has imposed an eight-month oil blockade on the OPEC producer, has promised to reopen the country’s energy shipments following talks with other Libyan groups, the US embassy in Tripoli said in a statement on Sept. 12 according to Platt media. After US Ambassador in Tripoli Richard Norland […]

The Nigeria Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.  The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on recently after touring the project facilities  at Ibigwe, Imo State, Nigeria in the company of the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.  The construction of the 5000bpd modular refinery was […]

Tanzania Petroleum Development Corporation’s Managing Director, Dr James Mataragio said in Dar es Salaam recently that the  government in  talks with the consortium of International Oil Companies  led by Royal Dutch Shell and Equinor in paving way for the country LNG final investment decision. He noted that progress has been made with TPDC paying over […]

Nigeria Government asked a court in Milan to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals. During the hearing into the corruption allegation linked to the acquisition of the OPL […]