Offshore Archives - ENERGY PLANET

Century Group, Samsung Sign Offshore Agreement, Stregthen Market Position

April 14, 2023

The Century Group, Africa’s only Nigerian-owned company that owns and operates floating, production, storage, and offloading (FPSO) vessels, is strengthening its market position in the country’s offshore oil and gas market. It signed an agreement with Samsung Heavy Industries Nigeria (SHIN) on March 24, 2023 to renovate its FPSO Tamara Nanaye. The vessel, formerly known […]Read More

Wind Energy Installations to Hit 680GW by 2027

April 11, 2023

The wind industry can expect record installations in both onshore and offshore markets by 2025 with 680 gigawatts (GW) of new capacity expected by 2027. Policymakers need to act now to avoid a supply chain bottleneck stalling the deployment of wind energy from 2026. Those supply chain challenges could imperil hopes of the world reaching […]Read More

Deep Offshore Oil Block Mini-Bid Round Pushed to July 28

April 1, 2023

President Muhammadu Buhari has approved the modification of the bid round calendar in an effort to allay investor concerns about the schedule’s proximity to the end of the current administration in the country. This is done in an effort to increase investor confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block […]Read More

Oil, Gas Sector Gain As NMDPRA Releases 6 New Regulations

March 23, 2023

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has published six gazetted regulations to encourage investment and economic growth in the petroleum industry’s midstream and downstream sectors, as well as to increase revenue generation. The laws, which were unveiled in Abuja yesterday, would foster long-term growth in the mid-and downstream sectors. The Midstream and […]Read More

Ghana Removes Fuel Subsidy After 30 Years

March 15, 2023

The Ghana National Petroleum Authority has announced the removal of the country’s fuel subsidy after 30 years regulating the product. “Removing the subsidy is part of the country’s regulatory measures to ensure downstream sector stability,” said Abdul Hamid, NPA’s Chief Executive Officer, said this during a presentation at the ongoing Africa Refiners and Distributors Week […]Read More

Offshore Oil, Gas Sector To Hit $200bn Greenfield Investments By

March 9, 2023

The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up, a Rystad Energy study has shown. Rystad Energy research shows that annual greenfield capital expenditure will break the $100 billion threshold in 2023 and in 2024—the […]Read More

EFCC Arrests FBI-Wanted Chidiebere In Imo

April 3, 2022

Operatives of the Economic and Financial Crimes Commission Enugu Zonal Command have arrested a Nigerian on the watch list of the American Federal Bureau of Investigation (FBI), Emmanuel Chidiebere in Orlu, Imo State. According to EFCC’s spokesperson, Wilson Uwujaren, the Nigerian is wanted by the FBI for conspiracy, wire fraud, and money laundering. The statement […]Read More

FEC Observes One Minute Silence For Victims of Abuja-Kaduna Train

April 3, 2022

The Federal Executive Council (FEC) on Wednesday observed a minute silence for the victims of the Abuja-Kaduna train attack. The meeting which was presided over by President Muhammadu Buhari started at 10am with the Secretary to the Government of the Federation, Boss Mustapha calling for a minute silence. He said the attack led to the […]Read More

Nigeria to Grow gas production to 1,780 bcf, targets Europe

April 2, 2022

Nigeria’s gas production level is set to hit 1,780 billion cubic feet (bcf) in 2022, up from 1,450 billion feet in 2021, a new report from African Energy Chamber (AEC) has shown. The report noted that increased production will help Nigeria become a major player in gas supply to European countries. Nigeria has over 200 […]Read More

NNPC is the most transparent National oil company in the

April 2, 2022

Malam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Ltd. (NNPC), says no national oil company in the world is as transparent as NNPC. Malam Mele Kyari He said this in reaction to the summons by the House of Representatives Committee on Public Accounts. The committee had directed Heads of NNPC subsidiaries […]Read More