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Marginal fields: 161 firms get licenses for 57 fields
Federal government has finally delivered the long awaited Petroleum Prospecting Licenses (PPLs) to some 161 indigenous companies that qualified from the 2020 marginal bid round. The awards which were distributed by Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday at…
Warri Refinery to host 100 kbd greenfield boost plant
The newly minted Nigerian National Petroleum Company (NNPC) Limited has initiated moves to accelerate its refining capacity recovery with the establishment of a new plant to boost capacity at Warri Refining and Petrochemical Company (WRPC) by 100,000 barrels per day….
Seplat, others to lead in meeting domestic energy demand
Leading Nigerian independent energy company, Seplat Energy Plc, and other in African energy producers are projected to drive business growth with the rising Africa’s energy demand in the decade. Global management consulting firm, Mackinsey & Company, declared at the Seplat…
NNPC taps Daewoo for Refinery Quick–Fix
The quest by the NNPC Limited to revive the nation’s refining capacity through the rehabilitation of the existing refineries has received a boost with the award of the contract for the rehabilitation of the Warri Refinery to Daewoo Nigeria Ltd….
Europe trapped between energy crunch and climate action
Sopuruchi Onwuka The aggressive movement by governments of industrialized western nations to transition energy demand from fossil fuels is running into quagmire as acute oil and gas deficits confront economic targets. And loosening stringent measures already installed to constrict funding…
Savannah Energy activates gas sales to Central Horizon
Sopuruchi Onwuka Africa focused British independent energy company, Savannah Energy PLC, has announced activation of gas delivery to local market factor, Axxela Limited. And the two firms transact through owned subsidiaries. Accugas Limited owned by Savannah commenced gas sales to…
Noble to divest five jackup rigs for $375m
Sopuruchi Onwuka Multinational oilfield service provider, Noble Energy, is working out details of a merger deal that entails divestment of five of its jack up rigs to a new special entity. Noble said it has signed an asset purchase agreement…
Forced marriages: FG brokers partnerships among 57 oil field licensees
Sopuruchi Onwuka Federal government has declared successful resolution fears raised by the awardees of marginal oilfield licenses in working out partnership arrangements that would lead to formation of organizational structures for operating the assets. Chief Executive of the Nigerian Upstream…
Larger FPSO underway for Aje Field
Sopuruchi Onwuka Partners in the offshore Aje field are working to deploy a bigger permanent production vessel to drive production enhancement in the oilfield after overcoming initial funding setbacks and production downturns. Expectations for a new floating production vessel mean…
Chevron to sell headquarters, relocate from San Ramon to Texas
Sopuruchi Onwuka America energy multinational, Chevron, has declared intention to relocate from its registered head office in East Bay area of San Ramon to another location in Houston, Texas. Reason is that Chevron Corporation plans to sell the Bay Area…
