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OPEC+ countries extend 2.2 mbd voluntary cuts for Q2
Sopuruchi Onwuka The OPEC Secretariat has declared the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets. These voluntary cuts are calculated from the…
ExxonMobil deploys Helix in Erha, Usan well intervention
Sopuruchi Onwuka Helix Energy Solutions Group, Inc. has declared that it secured a deepwater well intervention contract from Esso Exploration and Production Nigeria (Deepwater) Limited. The Oracle Today reports that the continued reliance on foreign firms amplify the yawning local…
AfCFTA: NCDMB Advocates unified, data based standards for Goods, Services
Sopuruchi Onwuka As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of…
Investments by IOCs to drive Africa’s oilfiled activities in 2024
Sopuruchi Onwuka Investment pledges by the leading international oil companies (IOCs) are showing positive business propositions for service providers, drilling contractors that play in the African petroleum terrains. Some of the IOCs including TotalEnergies, Shell and Chevron have all confirmed…
NUPRC not leaving Abuja as speculated
By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas,…
NNPC Limited emphasizes optimization of divested JV assets
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited (NNPC) has declared that it is emphatic on the optimization of oil and gas producing assets currently being abandoned by the operating partners who are cashing out their onshore and shallow water…
WIEN seeks government, corporate partnership on diversity
Sopuruchi Onwuka Leading advocates of diversity, equity and inclusion in the Nigerian energy sector, Women in Energy Network (WIEN) has called for the collaboration of government agencies and corporate captains in harnessing the enormous capacity of women in creating a…
OANDO chiefs to mount stage at NIES 2024
Sopuruchi Onwuka Fast growing indigenous energy independent company, Oando, will mount a strong presence at the 2024 edition of the Nigeria International Energy Summit (NIES) which kicks off in Abuja today. According to a statement from The Wings Office Complex,…
Divestments: ‘No, we’re not leaving onshore,’ IOCs tell Nigeria
Sopuruchi Onwuka Despite the prevailing rave about the exit of foreign multinational companies from joint venture operations with the Nigerian National Petroleum Company (NNPC) Limited, TotalEnergies and Chevron still have a longer outlook for portfolios located onshore Niger Delta. Shell…
Shell’s $5 bn Bonga North development on table for 2024 FID
Sopuruchi Onwuka The Nigerian deepwater petroleum play is set to witness increased output as the key multinational players in the country drift from onshore and shallow water operations to more rewarding deepwater exploration and production. Shell Nigeria Exploration and Production…
