News

Korean Prime Minister Nak-yon Lee attended the just concluded 2019 Offshore Technology Conference (OTC) at NRG Park in Houston, Texas and he emphasized the need for the global reach of the offshore energy industry. “It was an honor to welcome Prime Minister Lee and have him experience everything that OTC …

South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest  $1billion into South Sudan’s energy infrastructure; South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country …

Angola has adopted a new era of oil and gas through reforms and transparency of tenders; President João Manuel Gonçalves Lourenço will unpack best international practices for Angola’s oil and gas sector at the first Angola Oil & Gas 2019: Oil remains a key driver of Angola’s economy and capital …

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico. TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilical’s and subsea tree jumpers, pipeline end …

       By GLADYS JOHNSON   Mr. Mordecai Danteni Baba Ladan, Director of The Department of Petroleum Resources DPR, has received an award for Commendable Leadership in the Public Sector from TEXEM UK. The award which was presented to the Director in Abuja is in recognition of his outstanding contributions, inspiring regulatory leadership policies, interventions …

The Tin Can Island Port Chapter of the National Association of Government Approved Freight Forwarders (NAGAFF) has described the Nigeria Customs Service (NCS) anti-smuggling war a scam. According to NAGAFF, the exercise is an elaborate scam allegedly contrived and sustained over the years to enrich favored persons within and outside …

Access Bank Plc. is pleased to announce the dual-listing of a fully certified Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange. This follows the formal approval of the bond by the Securities and Exchange Commission. The Bond is the first of its kind to be …

The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called petrol, above the official ex-depot price of N133.28k per litre. The Corporation also cautioned petroleum products marketers not to sell the product above N145 per litre. Ex-depot price is the ceiling …

The Ministry of Mines and Hydrocarbons on behalf of the Government of the Republic of Equatorial Guinea executed the Definitive Agreements with the Alen Unit and respective Punta Europa Plant owners to monetize gas from the Alen Unit, located in Blocks O and I offshore Equatorial Guinea (EG) and operated …