Category: Oil & Gas
Stable regulatory frameworks driving upstream investment in Africa
By restructuring the national oil company, strengthening governance, and introducing fiscal incentives, the PIA has attracted more than $17 billion in foreign direct investment into Nigeria’s oil and gas industry.
U.S. views energy dominance as a strategic imperative
We want to fill that hole as Europe closes it off for Russian energy—we want to fill that with American energy.
TotalEnergies secures four offshore exploration licenses in Liberia
The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 square kilometers, are located in the south of the Liberia Basin.
FIRST E&P sets goal to reach 250,000 barrels per day production by 2030
The company is also preparing a fully developed midstream gas business and is targeting 1 billion standard cubic feet per day of gas processing and supply capacity.
NNPCL, TotalEnergies, Sapetro sign groundbreaking Deepwater PSC
It also mandates decommissioning plans, environmental restoration, and development initiatives for host communities, all in line with the PIA.
US oil sector faces complicated path
A few US oil company CEOs have already sounded the alarm about a potential decline in production.
Renaissance Energy aims to achieve 300,000 barrels per day oil output by January
As we move forward, we must constantly evaluate our actions and adjust to ensure we are doing the right thing.
Tinubu commissions 40,000cbm LPG Vessel in support of Nigeria’s clean energy initiative
This commissioning is a clear testament to our commitment to delivering clean and sustainable energy solutions.
Nigeria’s leading E&P Company sets sights on gas exploration in Tanzania
First E&P is part of a consortium which acquired Shell’s onshore assets for $1.3 billion in December.
Petrobras boosts production with ramp-up of FPSOs
The platform has the capacity to produce 180,000 bopd, besides compressing and re-injecting 12 million m³ of gas per day.