China’s state-held oil and gas giant CNOOC said on Thursday that it had launched crude oil production from a new development project in the South China Sea. CNOOC, which specializes in offshore exploration and production in China and abroad, announced the start of the Enping 21-4 Oilfield Development Project in the eastern South China Sea, at an […]Read More
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has rejected the allegations from Dangote Refinery’s management, which claimed that fuel marketers are bringing substandard fuel into Nigeria with the approval of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). DAPPMAN, in a statement released last night, asserted that no member of their […]Read More
Paraphrased Article ExxonMobil, a leading American oil and gas corporation, has affirmed that it will maintain its presence in Nigeria. On Monday, Shane Harris, the managing director and CEO of ExxonMobil, shared this commitment during his visit to Nigeria’s minister of state for petroleum resources, Heineken Lokpobiri. In the meeting, according to a statement by […]Read More
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced the signing of production sharing contracts (PSC) with multinational energy corporation and the state-owned oil company GEPetrol and Chevron. The new PSCs outline clear development plans for the assets, including provisions on minimum investments, exploration programs, sustainable development and state benefits. The contracts also […]Read More
The management of Dangote Refinery at the weekend has accused International Oil Companies (IOCs) operating in Nigeria of planning to ensure the failure of the $19 billion refining facility. Devakumar Edwin, Vice President, Oil and Gas at Dangote Industries Limited (DIL), said the multinationals were deliberately frustrating the refinery’s efforts to buy local crude by […]Read More
Nigeria’s crude oil production faces disruption after Aiteo Eastern Exploration and Production Company, operator of the Nembe oil field in Bayelsa State, halted operations due to an oil spill. The company revealed in a release that the leak was discovered on June 17 while conducting routine operations in the Nembe area of Bayelsa State. This […]Read More
A fire ignited by a drone attack on an oil depot in the southern Russian region of Rostov has gone into its second day with local emergency services still trying to put it out. According to a Reuters report, the drone attack had been carried out by the Security Service of Ukraine. Ukrainian attacks on […]Read More
Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made […]Read More
French energy giant TotalEnergies reported a strong performance in Nigeria for 2023, announcing a whopping N635 billion in revenue. This impressive figure translates to a significant windfall for shareholders, with the company declaring an N7.129 billion dividend payout. Chairman of TotalEnergies, Jean-Philippe Torres, who declared this at the 44th Annual General Meeting of the company […]Read More
Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, has called for the support of the judiciary in tackling the twin challenges of crude oil theft and pipeline vandalism. He said for the oil and gas industry to achieve its full potential, the judiciary must get the support it deserves as […]Read More
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