Downstream

LADOL to inject $500mn in logistics facilities

LADOL, inject, $500mn, logistics, facilities, NNPC, NAPIMS, Yakubu, FPSO

Nigeria's first indigenous privately-developed and operated deep offshore logistics base, the Lagos Deep Offshore Logistic (LADOL), has announced that it plans to spend over US$500mn (over N75bn) in building new logistics facilities for a Floating Production, Storage and Offloading (FPSO) integration quay and other dedicated services at the LADOL base in Lagos, just as the Nigerian National Petroleum Corporation (NNPC) has commended the organisation

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Achilles group to cover Shell's global ops

 Achilles, group, Shell, global, drivers, solutions, africa, african, oil

Shell and supplier information management company Achilles Group, create an innovative and ground breaking solution to the problems of gaining visibility of suppliers across a global business

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Pertamina bonds fund Angola investment

Pertamina, bond, Angola, investment, Africa, exxonmobil, bpd, tamina, rupiah, wells, oil

Tamina will spend $1.5bn raised from global bond issues to invest in Angola and to develop its wells in the Cepu and West Madura blocks offshore Indonesia, state enterprises minister Mustafa Abubakar has said

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Oil find should wean Ghana from dependency – European Union

EU, delegation, oil, ghana, africa, african, review, Accra, parn

Country able to wean itself from its dependency on donor funding by 2020, says EU delegation

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NNPC to take over operatorship of oil blocks sold by Shell

State-owned Nigerian National Petroleum Corporation has said it has assumed the operatorship of the Niger Delta oil blocks from which Shell had divested its interest, citing an existing agreement between the two companies

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