The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy deepen local content, and conserve foreign exchange and create jobs. The Oil […]
The Nigeria Special Adviser to the President on Energy Olu Arowolo Verheijen has expressed the need for global energy stakeholders to form a holistic synergy towards a sustainable and acceptable path towards global energy future landscape Verheijen made this thought-provoking assertion during her detailed remarks at the final day of the just-concluded International Energy Week […]
Panoro Energy ASA and BW Energy have announced a significant new oil discovery with good reservoir quality at the Bourdon prospect, located on the Dussafu Marin Permit offshore Gabon in which Panoro holds a 17.5 per cent participating interest. The well was drilled to a total depth of 4,135 metres with the Borr Norve jack-up […]
NNPC Gas Marketing Ltd, a subsidiary of NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State. Under the terms of […]
The Managing Director of Tantita Security Surveillance Nigeria Ltd TSSNL, High Chief Kestin Pondi has reaffirmed the company’s commitment to working closely with the JTF to tackle crude oil theft and pipeline vandalism in the Niger Delta. High Chief Pondi made this assertion during the courtsy visit of Commander of the Joint Task Force Operation […]
Nigeria has joined the European Bank for Reconstruction and Development (EBRD), becoming its 77th shareholder. Nigeria submitted a request to join the Bank in April 2024 and the Board of Governors approved its membership in May of the same year. At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement […]
VAALCO Energy announced that it has farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying interest though a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI. The CI-705 block is located in […]
Olu Verheijen, special adviser on energy to President Bola Ahmed Tinubu of the Federal Republic of Nigeria, talks to The Energy Year about the country’s evolving energy policy and legal framework, how Nigeria is increasing its competitiveness in Africa and worldwide, and the effects of recent executive orders on the country’s energy sector. What impact […]
The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of excellence in local content development. Both organisations also encouraged African petroleum producing countries to develop specialised capacities in core oil and gas services, and patronise one another in their respective areas […]
Ghana is positioning itself as a major hub for energy investment, with the Ministry of Energy and Green Transition pledging to attract key players from the oil, gas and renewable energy sectors. On the sidelines of International Energy Week in London, Ghana’s Minister of Energy and Green Transition John Abdulai Jinapor and the African Energy Chamber […]
