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Court awards N300m damages against Agip, DSS over illegal detention

Department of State Security, DSS. Mkpoikana Udoma Port Harcourt — A State High Court sitting in Yenagoa, Bayelsa State has ordered the Nigerian Agip Oil Company, NAOC and the Department of State Security, DSS to […]

Oil shipments at risk from rising sea levels, think tank warns

*An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo. Singapore — Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like […]

Angola’s Etu Energias taregets 50,000b/d output by 2025

-To discuss growing production at AOG 2024 Luanda, Angola — Etu Energias, Angola’s largest private oil producer has joined the Angola Oil & Gas (AOG) conference and exhibition as a silver sponsor. The company’s return […]

Saipem secures $850m award offshore Angola from Eni-led JV

*Agogo FPSO Lagos – Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is […]

FG reiterates commitment to utilise gas for economic growth & prosperity

– Tinubu lauds NNPC, partners over three gas projects Oritsegbubemi Omatseyin Lagos — In line with its renewed hope agenda, the Federal Government has reiterated its determination to utilise Nigeria’s abundant gas resources towards revamping the […]

Engie first quarter profit drops on lower gas sales

The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest and tax (EBIT), excluding nuclear, totalled 3.7 billion euros ($4.02 billion), versus 3.8 billion euros […]

Putin says oil pipeline could run alongside planned new gas link to China

Putin, wrapping up a two-day visit to China, said he and his hosts had confirmed their interest in moving forward with the proposed gas pipeline, the Power of Siberia 2. “Moreover, it’s possible to lay […]

Presidential backing secured for marketing of oil blocks, says Komolafe

*Engr, Gbenga Komolafe Oritsegbubemi Omatseyin Lagos — The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe, has declared that the marketing of the nation’s oil blocks has gained firm backing […]

Fire at Apapa fuel tank farm

…NNPC denies owning facility, says it belongs to Honeywell *Fire Lagos — A fire has been reported at a fuel tank farm in Apapa, Lagos with the Nigerian National Petroleum Company, NNPC, saying the facility […]

Benin provisionally reverses ban on oil exports from Niger

*Map showing Niger’s oil exports pipeline running through Benin Republic. Cotonou — Benin has provisionally reversed its decision to block exports of crude oil from Niger via its port and agreed to hold a meeting […]