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World Oil News
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Source
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Repair work to a vital Nigerian oil terminal is expected to be completed in late September, meaning almost two months of halted flows. Source
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OEUK today responded to Prime Minister Liz Truss’s statement and her announcement of new measures to shield consumers from the surge in energy prices following Russia’s actions in Ukraine and subsequent supply issues across Europe. Source
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When managing multi-billion dollar offshore explorations for oil and gas reserves, discovering efficiencies is paramount. The efficiencies you find in your process greatly reduce costs – even a few minutes of downtime can cost a drilling operator thousands of dollars in lost productivity. Source
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Petrodec, a decommissioning services specialist, has commenced on the decommissioning of the Amethyst A2D platform in the Amethyst gas field in the UK Southern North Sea. Source
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New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past decade. Source
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The UK must launch a national effort to cut energy demand, promoting measures like home insulation, heat pumps and hydrogen, alongside maintaining its own oil and gas resources, Offshore Energies UK’s acting chief executive has said in a speech today. Source
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Aggreko, a provider of mobile, modular power, temperature control and energy services, completed a 10MW flare gas to power project, the largest in Africa, to lower its total cost of energy and lessen emissions from the oil field. Source
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Guyana has some of the world’s biggest offshore discoveries made in years, with 10 billion barrels of recoverable oil and gas starting to come online since 2019. Sulzer has delivered 11 high pressure water injection pumps, and the latest order for five more HPcp pumps will support the largest FPSO in the Stabroek block. Source
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The state-owned Nigerian National Petroleum Company recently became NNPC Limited, a commercial venture. Rather than operating as a government entity, with all of the red tape and inefficiencies that went with it, the company’s focus has been shifted to productivity and earning profits. Source
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