Forty-three licensing rounds have been concluded so far in 2020, the fewest of any year to date this century, according to Rystad Energy. Total awarded acreage is also on track to be the lowest since 2002 at just over 324,000 sq km (125,097 sq mi). For 2021, the analyst forecasts only a
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Oil marketers have expressed willingness and capacity to fix Nigeria’s dysfunctional refineries and get the facilities running in the shortest possible time. Operators of retail outlets in the downstream sector of the oil industry called on the Federal Government to allow oil marketers run some of the country’s ailing refineries. It was
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Dutch documentary reports that Shell employees ordered vandalisation of pipelines to profit from clean-up budgets Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported. Dutch television documentary programme Zembla, together with Dutch environmentalist organisation Milieudefensie, reported
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Dangote oil refinery has been listed among the top 20 influential projects surveyed in the last 18 months by the Project Management Institute. Dangote Industries Limited said in a statement that the refinery was recognised for the potential to fuel Nigeria’s economic transformation from an importer to a self-sustaining powerhouse in
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Drilling rig contractors retired three semisubs and three jackups in November, according to Evercore ISI’s latest “Offshore Oracle” report. This brings the year to date total of rigs retired to 23 floaters and 16 jackups. On the floater front, all newbuilds were deferred in November. The global floater supply has declined
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The market for vessels capable of installing large offshore wind components is quickly being outpaced by growing demand from the global development pipeline, according to Rystad Energy. The global fleet will be insufficient to meet demand after 2025, opening room for more specialized vessel orders and other oil and gas heavy
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Tullow Oil has produced 400 MMbbl from 2.9 Bbbl in place from its fields offshore Ghana, the company revealed in a Capital Markets Day presentation. Its new plan for the area includes production growth in the medium term and sustaining production over the longer term. During 2Q 2021 the company plans
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Nigeria’s Liquefied Petroleum Gas, LPG, import dipped by 35.13 per cent to 57,187.75 metric tonnes in vacuum, MT VAC, in September 2020, against 88,157.108 MT VAC recorded in the previous month, August 2020. According to the September 2020 LPG supply data of the Petroleum Products Pricing Regulatory Agency, PPPRA, the LPG,
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A massive oil well fire that raged for more than five months in northeast India has finally been extinguished, officials said Sunday. Oil India engineers had battled the blaze in Assam state since an explosion in June, weeks after the well blew out and began discharging huge quantities of natural gas. Two
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The Federal Government is seeking to bring transparency in oil industry and impose sanctions on firms that fail to, or partially publish details of their contracts as well as payments to governments and private sector annually. The Federal Government is also seeking to compel oil and gas firms to submit data
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