“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta”, said Shell integrated gas and upstream director Zoë Yujnovich.
NNPC head Mele Kyari said the Port Harcourt project would deliver “value to Nigerians”. With the first phase completed, the company will “get the other plants running in 2024”.
“As we said we would, we have worked hard to successfully grow the business away from Montara and to diversify into higher quality assets, and this is reflected in this year's guidance.”
Saipem said there had been “alleged irregularities in the award”. The CGU amended its previous ban, from December 2022, with this new order of a two-year suspension.
“The American and British enemy bears full responsibility for its criminal aggression against our Yemeni people, and it will not go unanswered and unpunished,” the statement continued. It said it would target sites on land and at sea, in defence of Yemen.
State-owned Namcor said the official had a “stellar background in economics”. The company is “thrilled to have his expertise steering Namcor towards new heights in the petroleum industry”.
The statement from the ministry said the arrival of the FLNG vessel was a “historic moment” for the GTA project. It reported that the LNG scheme was more than 90% complete.
This was in “retaliation for oil theft by the American regime, and [the vessel is] being transferred to the ports of the Islamic Republic for delivery to judicial authorities”.
Molecular has repeatedly pushed back drilling on the Paraguay well. It was nearly ready to begin in September but ran into problems with its blow out preventer (BOP).
Kawasaki will provide its expertise in liquid hydrogen storage, handling and transport. Toyo, JGC and Chiyoda will provide insights into overseas plant design and construction.
Adnoc Drilling and Alpha Dhabi set out their plans for the joint venture in November 2023. The company will acquire and invest in “tech-enabled oilfield services”. It aims to spend $1.5 billion.
Galp will drill Mopane-1X deeper, in order to explore further targets, it said. Once the work is complete, it will relocate the rig to drill Mopane-2X for further evaluation.
Total is gaining a 10.5% stake in Block 2913B and 9.39% in Block 2912. The French company is the operator and has made a number of discoveries in the area, including the giant Venus find.
As a result, less electricity is needed to produce the same amount of hydrogen, the official said. "Solid oxide technology provides the best potential for low-cost hydrogen production.”
The draft IRP said a plan based on renewable and clean energy alone would “only deliver” the decarbonisation of the power system. "However, these pathways do not provide security of supply while carrying the highest cost to implement.”
The USV mobilisation this morning is the first such reported incident using this technology. Previously the Houthis have used unmanned aerial vehicles, small boats and missiles.
Seplat CEO Roger Brown said ANOH was an “important strategic project” for the company. "It will roughly double our gas production, and we are focused on the path to first gas”, he said.