The Shell Petroleum Development Company of Nigeria Limited (SPDC) says out of the over N41billion disbursed for community projects in Niger Delta, about N15billion went to Rivers State under the Global Memorandum of Understanding. “Between 2006 and end of 2017, a total of N14.86 billion has been invested by the SPDC Joint Venture in the…
Shell Nigeria Gas has re-trained 30 firefighters in Abia State and donated firefighting equipment to the state fire service. This intervention was triggered by two recent fire disasters in the state which resulted in deaths and loss of property worth millions of naira. Over 150 shops in the timber and furniture section of the Nkwo…
Valery Guillebon, CEO of Sahara Energy International PTE Ltd. has urged investors to take advantage of emerging opportunities in South Sudan’s upstream, downstream and power sectors in the wake of positive market forecasts and assurances of enabling business environment from the oil-rich nation. Speaking at the Africa Oil & Power Conference in Juba, Guillebon said,…
The Chairman and General Director of the Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the Chief Executive Officer (CEO) of Eni, Claudio Descalzi, inaugurated a 10 MW solar plant today in Bir Rebaa North (BRN) in Algeria. The plant, co-operated by Eni and Sonatrach through the GSA (Groupement Sonatrach-Agip), will provide green energy to…
Shell’s geoscientists have put a figure on the company’s recent gas and condensate discoveries, made in the course of a drilling campaign onshore Eastern Nigeria. The company encountered 1.5Trillion cubic feet of gas and 42 Million barrels of condensate, in shallow and deep reservoirs. The revelation came in the course of several technical sessions at…
Lekoil, the oil and gas exploration, development and production company with a focus on Africa, has announced that the Company has written to the Federal Ministry of Petroleum Resources for a relief from enforcement of expiration of the exploration licence for lease OPL 310 in which it holds an unconditional 17.14 per cent interest and…
French oil giant, Total said it has boosted Nigeria’s oil production balancing its overall production with well over 3 billion barrels of oil since it began oil exploration in the country. Providing some insights into its upstream activities run by its exploration and production affiliate, the company’s managing director and chief executive officer, Nicolas Terraz,…
The U.S. president is fond of Twitter rants against the oil producer countries. But if they don’t manage the oil price, who will? The U.S. Department of Justice is formally reviewing antitrust laws aimed at curbing OPEC’s power over oil markets, raising the prospect of anti-OPEC legislation landing on President Donald Trump’s desk for signature. Tempting as…
The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low…
Luanda – The second conference on Local Content in the oil and gas industry of the African continent will be held for the second time in Luanda on the 26th and 27th of November. According to a press release from the Ministry of Mineral Resources and Petroleum that ANGOP had access Wednesday the conference will…
