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Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria
Oil and Gas energy news offshore

Saipem Secures $1bn Contract for Bonga North Project Offshore Nigeria

December 24, 2024

Saipem, alongside two Nigerian firms, has clinched a significant offshore contract valued at approximately $1 billion with Shell for a deepwater oil and gas project off Nigeria’s coast, according to Offshore Energy magazine.   The contract, awarded by Shell Nigeria Exploration and Production Company Limited (SNEPCo), involves Saipem delivering Engineering, Procurement, Construction, and Installation (EPCI) services. […]Read More

President Tinubu Hails Shell’s $5Bn Bonga North Investment Decision
news offshore Oil and Gas

President Tinubu Hails Shell’s $5Bn Bonga North Investment Decision

December 16, 2024

President Bola Ahmed Tinubu has applauded Shell and its partners for announcing the Final Investment Decision (FID) on the Bonga North Deep Offshore Field, marking a pivotal milestone in Nigeria’s oil and gas sector. According to an official statement, this project—the country’s first deepwater oil venture in over a decade—reflects the transformative impact of the […]Read More

Kuwait’s Oil Firm to Boost Indonesia’s Natuna Sea Offshore Exploration
energy news offshore Oil and Gas

Kuwait’s Oil Firm to Boost Indonesia’s Natuna Sea Offshore Exploration

December 9, 2024

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has announced plans to bid for additional oil and gas blocks offshore Indonesia and ramp up hydrocarbon exploration in the Natuna Sea. This was disclosed by the CEO of Kuwait’s state oil firm during an interview with Reuters on Monday. KUFPEC operates as an international upstream company, focusing […]Read More

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery Holds 500m Litres
energy news offshore Oil and Gas

Dangote Urges Fuel Marketers to Collect Available Supply as Refinery

October 29, 2024

Aliko Dangote, president of Dangote Group, announced on Tuesday that his refinery can meet Nigeria’s demand for petrol, noting that about 500 million litres are currently available but not being collected by fuel marketers. Speaking with State House journalists after a meeting with President Bola Tinubu and the Implementation Committee on the Sale of Crude […]Read More

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee
energy offshore power

Adelabu Summons TCN, NERC Over Grid Collapses, Forms Investigative Committee

October 22, 2024

Adebayo Adelabu, the minister of power, has called an emergency meeting with the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following recent disturbances to the national grid, which resulted in widespread blackouts across the country. A statement released by Bolaji Tunji, the minister’s special adviser for strategic communication and media […]Read More

ExxonMobil-Led Consortium Advances to Second Exploration Phase off Crete
energy news offshore Oil and Gas

ExxonMobil-Led Consortium Advances to Second Exploration Phase off Crete

October 10, 2024

A consortium led by the U.S. oil giant ExxonMobil has completed the initial exploration phase southwest of the Greek island of Crete and has opted to proceed to the second stage, according to Greece’s state-owned Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) on Thursday. ExxonMobil and Helleniq Energy are collaborating on these exploration studies […]Read More

IEA Warns of Global Gas Supply Strain Amid Rising Demand, Geopolitical Tensions
energy offshore Oil and Gas

IEA Warns of Global Gas Supply Strain Amid Rising Demand,

October 4, 2024

The International Energy Agency (IEA) has expressed concerns about possible gas supply challenges due to rising global consumption and ongoing geopolitical tensions as winter approaches. In its latest report, the IEA highlighted that industrial demand, particularly from Asia, is driving a significant increase in gas consumption. The agency predicts that global gas demand will rise […]Read More

Oil Workers Hold National Prayer Session Amid Rising Petrol Prices, Economic Hardship
energy offshore Oil and Gas

Oil Workers Hold National Prayer Session Amid Rising Petrol Prices,

October 4, 2024

As Nigerians continue to endure economic difficulties brought on by the rising petrol pump prices, oil workers and companies under the Ministry of Petroleum Resources have organised a prayer session, seeking divine assistance as the nation faces various challenges. The oil workers, under the banner of Petroleum Industry Christian Fellowship International (PICFI), gathered at a […]Read More

Nigeria Pushes for $10 Billion Investment with New Gas Policy Framework
energy offshore Oil and Gas oil-and-gas:Oil and Gas oil-and-gas~offshore|oil-and-gas:Oil and Gas

Nigeria Pushes for $10 Billion Investment with New Gas Policy

October 4, 2024

Nigeria is advancing with a new policy framework aimed at revitalising its natural gas sector, seeking to attract up to $10 billion in investment. The proposed measures offer tax incentives to entice both local and international investors to tap into the country’s deep-water gas reserves. The framework, already approved by the Federal Executive Council, is […]Read More

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