Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB).    Located at Ilaje, Ilaje Local Government Area of the State, the facility is one of six being built in […]

The Nigeria prevalent perennial power generation insufficient is now within the sight of being over. This is coming at heels of the present administration of President Bola Tinubu who recently assented to the long awaited electricity bill into law. The national electricity bill was passed in July 2022 by the country’s national assembly seeking to […]

Nigeria gas sector has witness major milestone in the area of harnessing its abundant economic resources.  In a major step towards bolstering Nigeria’s energy security and promoting the utilization of its abundant gas resources, the NNPC Ltd. and UTM Offshore Limited have reiterated their utmost commitment towards actualization of the Nigeria Decade of Gas come […]

Sequel to Woodside performance on the cost and schedule review of the Sangomar Field Development Phase 1 following the identification of remedial work required on the floating production storage and offloading (FPSO) facility. The first oil is now targeted for mid-2024 and the total project cost is expected to be US$4.9 – 5.2 billion, an […]

Kinetiko Energy, an Australian gas explorer and developer  has progressed across its onshore gas exploration and production development activities in South Africa. ”Our trailblazing success in Block ER272 is set to continue with the addition of two more exploration core holes between the first pair and the most recent pair of successful core holes. Our […]

Invictus Energy has provided an update on the 2023 seismic acquisition program at its 80% owned and operated Cabora Bassa Project in Zimbabwe. Seismic data acquisition begins  Work is progressing according to plan on the CB23 2D seismic acquisition program being carried out by Polaris Natural Resource Development Ltd (“Polaris”) on Invictus’ behalf. A total […]

BW said that production has safely started from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. Well performance is in line with expectations  of the company’s in raising the current production at approximately 6,000 barrels per day.  The DHIBM-5H well was drilled as a horizontal well […]

The recent major breakthroughs by various security organizations saddled with the onerous responsibility to clamp down on illegal siphoning of Nigerian crude oil is quite enormous and currently yielding positive results.  Following these heartfelt achievements is the discovery of a150 metric tonnes of stolen crude oil vessel by the Nigerian private security company known as […]

The Nigeria National Petroleum Corporation Limited (NNPCL) Group Chief Executive Officer (GCEO) Mallam Kyari Mele Kolo in his keynote address has called on the winners of Nigeria 2012 Licensing Bid Round to embrace all encompassing expertise in achieving successful crude oil production from their acquired marginal oilfields. The NNPCL GCEO stated this at the recently […]

Egypt is consolidating her power investment portfolio in energy transition through new wind power project. This time round, the oil rich-country and ACWA Power, a Saudi-listed company has signed a fresh memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt. The […]