The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream operations.  With the agreement, which is a direct benefit from the Company’s participation at the […]

Europa Oil & Gas (Holdings) an West Africa focused oil and gas exploration, development and production company, has disclosed  acquisition of  a 42.9% equity interest in Antler Global Limited (“Antler”) via a US$3 million cash subscription for new ordinary shares in Antler. Antler holds an 80% working interest in the recently acquired and highly prospective […]

The Federal Government of Nigeria through the Ministry of Petroleum Resources will on December 21, 2023 commission the Amal Technology’s production facility for Gas Leak Detection Device and Printed Circuit Board, at Idu, Abuja, Nigeria. The homegrown innovation was initiated by Amal Technologies Limited and supported by the Nigerian Content Development and Monitoring Board (NCDMB) […]

The Nigerian Content Development and Monitoring Board (NCDMB) has assured that patronage and deployment of indigenous oil and gas service companieswould remain of strategic importance to take advantage of the massive development of operational capabilities since the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act over the years. Speaking on Monday […]

Mozambique has unveiled the countries energy transition roadmap at the just concluded COP28 climate conference in the UAE, forecasting about US$80 billion projects investment plan that will expand up to 2050. The world leaders have converged in United Arab Emirate to reiterate an existing pledge of member countries in cutting down global emissions and setting […]

Tower Resources, the AIM-listed oil and gas company focused on Africa, has executed a contract with Borr Drilling for the hire of the Norve jack-up rig, one of Borr’s fleet of high-specification drilling units, to drill the NJOM-3 well on Tower’s Thali license in Cameroon in 2024. The Company is also announcing its intention to […]

The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has assumed office and held his first official meeting with the Directors and some management staff of the Board.  Ogbe was appointed last Thursday by President Bola Tinubu, replacing Engr. Simbi Kesiye Wabote, who had served for […]

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive session with the Senate Committee on Finance at the […]

The Chairman of Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa, OFR, said that the global energy transition, the Petroleum Industry Act (PIA), divestments by International Oil Companies (IOCs), and the Decade of Gas Initiative has presented indigenous players with exciting opportunities for the industry’s transformative shift. According to the IPPG Chairman, “the ongoing global […]

Shell and Fox Petroleum have recently rekindled their investment interests in the Nigeria energy sector. While Shell is proposing about  $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports, Fox Petroleum is expected […]