The Great Oil Return: Nigeria Rolls Out Red Carpet as Fled Energy Giants Eye Comeback Bonanza
The Great Oil Return: Nigeria Rolls Out Red Carpet as Fled Energy Giants Eye Comeback Bonanza Nigeria is strengthening its position as a top global investment destination, welcoming international partners back to its oil and gas industry with competitive incentives following recent policy reforms. Minister of State for Petroleum Resources Senator Heineken Lokpobiri emphasized President […]
Corporate Graveyard: Namibian Oil Player Dies $260 Million Death as Corruption Scandal Claims Another Victim
Corporate Graveyard: Namibian Oil Player Dies $260 Million Death as Corruption Scandal Claims Another Victim A High Court order has placed Erongo Petroleum CC under final liquidation following months of financial struggles and legal disputes, dealing a decisive blow to the once-prominent petroleum company. The ruling came after Namcor Petroleum Trading and Distribution pressed for […]
West African Energy Takeover: Togo’s Rising Star Swallows Portuguese Giant’s Guinea-Bissau Empire
West African Energy Takeover: Togo’s Rising Star Swallows Portuguese Giant’s Guinea-Bissau Empire Togolese energy company Zener International Holding has acquired the assets of Petrogal Guinea-Bissau, previously owned by Portugal’s Galp Energia, after raising CFA13.5 billion to expand operations in the country. The financing was structured by Ecobank through its subsidiary EDC Investment Corporation, with regional […]
Phoenix Rising: Shell’s Stunning Comeback After $400 Million Namibian Oil Nightmare
Phoenix Rising: Shell’s Stunning Comeback After $400 Million Namibian Oil Nightmare Shell is preparing to resume oil exploration activities in Namibian waters next year, months after surprising industry observers with a $400 million write-down on its key Orange Basin oil discoveries. The British oil major’s Graff discovery, alongside TotalEnergies’ Venus find, transformed the Namibian offshore […]
Drilling Dreams Extended: Chevron’s $50 Million Vote of Confidence Keeps Shelf Drilling’s Angola Romance Alive
Drilling Dreams Extended: Chevron’s $50 Million Vote of Confidence Keeps Shelf Drilling’s Angola Romance Alive UAE-headquartered offshore drilling contractor Shelf Drilling has secured a one-year contract extension for its Tenacious jack-up rig with Cabinda Gulf Oil Company, a subsidiary of Chevron, extending operations until February 2027. The extension, worth approximately $50 million, will begin in […]
Pipeline Power Play: NNPC Unleashes 300 Million Cubic Feet Gas Beast After Years of Delays
Pipeline Power Play: NNPC Unleashes 300 Million Cubic Feet Gas Beast After Years of Delays The Nigerian National Petroleum Company Limited has inaugurated a 113-kilometer portion of the Obiafu-Obrikom-Oben gas pipeline project, which is currently transporting around 300 million standard cubic feet per day. According to NNPC’s latest monthly report, the gas is sourced from […]
Home-Grown Energy Victory: Seplat Flips the Script with Massive Domestic Gas Delivery
Home-Grown Energy Victory: Seplat Flips the Script with Massive Domestic Gas Delivery Seplat Energy Plc, in partnership with the Nigerian National Petroleum Company Limited, has completed its first domestic supply of Liquefied Petroleum Gas from the Bonny River Terminal in Rivers State, delivering 12,600 metric tons to the Nigerian market. This operation marks a significant […]
Nigeria’s Gas Highway Dreams: Equatorial Guinea Pipeline Powers Up Regional Energy Revolution
Nigeria’s Gas Highway Dreams: Equatorial Guinea Pipeline Powers Up Regional Energy Revolution Nigeria is pressing forward with the Nigeria-Equatorial Guinea Gas Pipeline, a strategic cross-border project designed to transport stranded Nigerian gas to Equatorial Guinea for processing and export, according to Minister of State for Petroleum (Gas) Ekperikpe Ekpo. Speaking during a recent webinar marking […]
Mediterranean Powder Keg – Turkey Wins Libya Oil Rights as Eastern Parliament Prepares Explosive Vote
Mediterranean Powder Keg – Turkey Wins Libya Oil Rights as Eastern Parliament Prepares Explosive Vote Libya’s eastern-based parliament is poised to approve a controversial 2019 maritime pact that would allow Turkey to explore for oil and gas in Libyan waters, marking a dramatic shift in regional alliances and potentially inflaming tensions in the eastern Mediterranean. […]
Nigeria Strikes Energy Gold – Historic 1.29 Billion Daily Gas Deal Transforms National Power Play
Nigeria Strikes Energy Gold – Historic 1.29 Billion Daily Gas Deal Transforms National Power Play The Nigerian National Petroleum Company Limited and five upstream gas suppliers have signed landmark 20-year Gas Supply Agreements with Nigeria Liquefied Natural Gas Limited for the delivery of 1.29 billion standard cubic feet of feedgas daily, marking a transformative moment […]