Turkey Prepares for First Overseas Deepwater Exploration in Somalia
Turkey Prepares for First Overseas Deepwater Exploration in Somalia Turkey will send a drilling vessel to Somalia in February to carry out the country’s first deepwater exploration project abroad, Energy Minister Alparslan Bayraktar announced on Wednesday. He said the operation with the Cagri Bey vessel will focus on offshore areas in Somali waters, but did […]
Production Delays Hit Sèmè Oilfield Development Offshore Benin
Production Delays Hit Sèmè Oilfield Development Offshore Benin Development drilling at the Sèmè oilfield offshore Benin has run into technical difficulties, preventing start-up by year end as planned. Rex International Holding, which has a 76% interest in the project operator Akrake Petroleum Benin, issued the update on December 24, stating that drilling operations were still […]
Nigeria Engages International Firms for High-Resolution Exploration in Niger Delta
Nigeria Engages International Firms for High-Resolution Exploration in Niger Delta Shearwater Geoservices has announced the upcoming start of a new multi-client seismic project offshore Nigeria. The 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission. The project commenced at year-end […]
Nexus Alliance Denies NNPC Pipeline Financing Discussions
Nexus Alliance Denies NNPC Pipeline Financing Discussions Nexus Alliance has clarified it was not in talks with the Nigerian National Petroleum Company about financing pipeline upgrades. The Nigerian oil firm was reportedly discussing raising $2 billion early this year and using the money to repair and upgrade damaged pipelines while reducing leaks, according to a […]
Angola Emerges as Premier Deepwater Destination as Oil Majors Bet Big on South Atlantic Geology
Angola Emerges as Premier Deepwater Destination as Oil Majors Bet Big on South Atlantic Geology Global deepwater investment is entering a transformative new cycle, and Angola is positioning itself at the center of this shift as international oil majors increasingly turn to the southern African nation for long-term growth opportunities. As one of Africa’s largest […]
BP Reaffirms Commitment to Egyptian Gas Exploration with Major Mediterranean Investment
BP Reaffirms Commitment to Egyptian Gas Exploration with Major Mediterranean Investment UK-headquartered energy giant BP has reaffirmed its investment boost in natural gas exploration and production in the Mediterranean Sea off the coast of Egypt, signaling continued confidence in the region’s hydrocarbon potential. The commitment came during a high-level meeting between Karim Badawi, Egypt’s Minister […]
AA Rano Launches Nigeria’s First Fully Unmanned Petrol Stations
AA Rano Launches Nigeria’s First Fully Unmanned Petrol Stations A groundbreaking transformation is underway in Nigeria’s downstream petroleum industry as AA Rano prepares to launch the country’s first fully unmanned petrol stations, marking a historic leap into digital retail energy services. The company has partnered with Petrosoft, a Nigerian-based technology firm specializing in downstream oil […]
Trump’s Venezuela Oil Takeover Threatens Nigeria’s $2.9 Billion U.S. Export Market
Trump’s Venezuela Oil Takeover Threatens Nigeria’s $2.9 Billion U.S. Export Market Nigeria is staring at the potential loss of nearly $3 billion in annual crude oil revenues as President Donald Trump’s military intervention in Venezuela dramatically reshapes America’s energy supply landscape. The West African nation, which exported approximately 38 million barrels valued at $2.86 billion […]