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By Toyin Akinosho South Africa’s updated Integrated Resource Plan IRP, released late August, contains provisions for introduction of natural gas to produce 11,930MW of electricity in the country by 2029. That’s around four times the allocation of gas to power in the energy mix provided in the last incarnation of the IRP, …
Continue reading "The Southern Gas Market Is Still Far In The Future"
… As NNPC Records 1,858 Cases of Vandalized Pipeline Points A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent …
… As NNPC Records 1,858 Cases of Vandalized Pipeline Points A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent …
The Nigerian National Petroleum Corporation (NNPC) has dispelled insinuations of an impending petroleum products scarcity in the country. A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, said the corporation had 39 days petroleum products sufficiency and about 25 days products availability on land, stressing that motorists …
Continue reading "NNPC Dispels Report of Looming Petroleum Products Shortages"
Source: African Petroleum African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either. To remind, AP registered a request for arbitration proceedings with ICSID on July 11, 2018 to protect its interests …
Continue reading "African Petroleum still seeking arbitrator for Senegal case"
by  Bloomberg Kelly Gilblom and Kevin Crowley Oil companies saw soaring profits during 3Q as they emerge worst-in-a-generation crude slump. (Bloomberg) -- Oil companies saw soaring profits during the third quarter as they emerge worst-in-a-generation crude slump. The main takeaway is that while results are mostly above or in line with expectations, it’s getting …
by  Bloomberg Sharon Cho Oil extended its decline to a sixth day. (Bloomberg) -- Oil extended its decline to a sixth day as the U.S. defended the temporary waivers given to eight nations to keep buying Iranian crude after American sanctions against the OPEC producer snapped back on Monday. Crude in New York is …
UK-based offshore driller Ensco has won a new contract for one of its ultra-deepwater drillships. Illustration; One of Ensco’s drillships; Image by: CellsDeDells; Source: Wikimedia – under the CC BY-SA 3.0 license According to VesselsValue, a maritime and offshore analytics company, Ensco won a term charter deal for the Ensco DS-9 drillship. The drillship was chartered by French …
Continue reading "Report: Ensco finds work for one of its drillships with Total"
By Toyin Akinosho The concept of local content grew out of the concern that the oil industry operates as an enclave sector in most hydrocarbon resourced African economies. But in those countries where the oil companies serve as part of the industrial pivot, there’s a good chance that the main actors are independents, not …
Continue reading "Indies: What Would Africa Do Without Them? Â "
Seismic specialist Polarcus has won a contract to carry out a 3D marine seismic acquisition project offshore Africa. One of Polarcus’ vessels; Source: Polarcus The seismic company said on Thursday that the project would be carried out in West Africa, without providing any details on the client, or the value of the deal. According to …
Continue reading "Polarcus in 3D seismic shoot in West Africa"
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