Amidst the threat of energy transition and dwindling funding of the hydrocarbon industry, 18 member countries of the African Petroleum Producers Organization (APPO) are attending the third edition of the Africa Local Content Roundtable to chart a pathway for the sustainable development of local content and the oil and gas industry inthe continent. The two-day […]
Invictus Energy has reported a progressive and positive update of drilling the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe. Progress and current operations Since the last update, the drill bit, LWD tools and mud motor were changed out and drilling of the 8½” hole section has reached the current […]
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi KesiyeWabote has advised that makingunending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stall new projects in the oil and gas sector. Speaking on Tuesday at a panel session at the […]
The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by a few international oil companies, the Executive Secretary Nigerian Content Development and Monitoring Board, Engr. Simbi Kesiye Wabote has said. He gave the […]
Egypt’s petroleum ministry launched an international bidding round for exploration in 23 open blocks, with the offer deadline set for Feb. 25. The round includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea, the ministry said. Egypt, the most populous […]
The Nigerian Content Development and Monitoring Board (NCDMB) has retained its position as the best Federal Agency in transparency and efficiency in business, continuing the streak of excellence in the delivery of its mandate. In the 2023 Half Year Executive Order 001 Compliance Ranking, which covered from January to June 2023, NCDMB scored 83.06% to […]
The European Bank for Reconstruction and Development (EBRD) and the Ministry of Energy Transition and Sustainable Development (METSD) are joining forces to accelerate the decarbonisation of the electricity sector in Morocco. In a Memorandum of Understanding – signed in Marrakech today by Her Excellency Leila Benali, Minister of Energy Transition and Sustainable Development, and Nandita Parshad, EBRD […]
The European Bank for Reconstruction and Development (EBRD) is supporting the manufacturing industry in Egypt with a US$ 50 million loan to United Metals Company (UMC), a copper rod manufacturer. Copper is a key material and contributes to the green energy transition in Egypt and Africa. Amid foreign exchange scarcity in Egypt and rising global commodity prices, including […]
(Reuters) – Nigeria on Monday won its bid to overturn an $11 billion damages bill for a collapsed gas processing project it said was procured by a concerted campaign of bribery. The West African country was on the hook for the sum – representing around a third of its foreign exchange reserves – after a little-known British […]
There was a minor fire incident at the cooling tower of Warri Refinery and Petrochemical Company Limited (WRPC). The fire which occurred as a result of ongoing welding activity at the top of the cooling tower will not affect the refinery rehabilitation project delivery schedule. NNPC Limited safety officers at the Refinery acted immediately and […]
