Malabo, Equatorial Guinea —The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators to cancel all contracts with Canadian-based CHC Helicopters, over noncompliance with the country’s national content regulations. Some of these operators include Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil Corporation and others. “It is the responsibility of the Ministry of Mines…
Nigeria and the Republic of Niger, Tuesday signed an agreement for the construction of a petroleum pipeline and refinery. The Memorandum of Understanding, MoU, for the project was signed by Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and Niger Republic’s Minister of Energy, Foumakaye Gado, at a ceremony in Abuja. The pipeline is expected to run…
The Nigerian Ports Authority would between September 17 and 19 host the International Association of Ports and Harbours (IAPH) Africa Regional Conference in Abuja with a theme, “African Ports and Hinterland Connectivity.” According to the Local Organising Committee, the conference which will hold at the Transcorp Hilton, Abuja will draw key stakeholders in port and harbours from across the…
The Nigeria Customs Service (NCS) says it has embarked on Time Release Study (TRS) to measure the efficiency of its trade facilitation scheme and reduce the time of cargo clearance. Mr Wale Adeniyi, Deputy Commandant, Customs Training College, Gwagwalada, Abuja, disclosed this in an interview with the News Agency of Nigeria (NAN) at a workshop…
Lagos State Police Command and other relevant agencies will today at midnight commence an action it tagged ‘Operation Restore Sanity’ to free Apapa of gridlock. The Lagos State Commissioner of Police, Imohimi Edgal, who disclosed this on Thursday after meeting with representatives of some relevant stakeholders in Lagos, briefed newsmen on the planned operation. The CP who…
As a country, Senegal had largely been overlooked by the oil and gas industry In 2014, Cairn and its joint venture partners made one of the world’s biggest oil discoveries and this was followed by Kosmos with significant gas discoveries. “The region has now evolved from a frontier to an emerging hydrocarbon opportunity attracting…
BMI Research announced Thursday that it has revised up its oil price outlook for the next two years. In a report sent to Rigzone, the research firm revealed that it now forecasts an annual average for Brent crude oil of $75 per barrel for 2018 and $80 per barrel for next year. “This compares to…
Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years. According to a recent report release by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022, nothing less than $32 billion would be spent on decommissioning around the world. While UK, the US and Norway,…
Three months of loading programmes for Nigeria’s key grade Bonny Light emerged on Friday. Exports of Nigeria’s Bonny Light crude oil are set to fall in September to five cargoes from seven in August, a loading programme from a trade source showed. September cargoes will load at a rate of 152,000 barrels per day (bpd),…
As part of its commitment to impacting communities, Lumos, a solar power and off-grid solar home systems provider has donated 100 units of customized Solar Powered Systems to the Nigerian Army. The presentation which took place at the Monguno Army Barracks, Borno State, was part of activities to mark the 2018 Nigerian Army day celebrations….
