Nigeria oil sector regulator, Department of Petroleum Resources (DPR) has identified cost control and management, portfolio rationalisation, strategic repositioning, business optimisation and strategic partnership as the strategic plan and policy for the survival and success of the Nigeria oil and gas industry post COVID-19
Industry
BP invests US$5mn in cloud-based geospatial analytics software company
Multinational oil and gas company BP has invested US$5mn in a cloud-based geospatial analytics software company using advanced spectral imaging and machine learning to monitor changes in the environment
Solo Oil continues to work with Aminex on Ntorya gas field in Tanzania
Solo Oil has received confirmation from the operator Ndovu Resources Limited that the Mtwara Exploration Licence has been formally extended by the Ministry of Energy of Tanzania
Africa’s upstream spend in 2020 is down US$14bn: Wood Mackenzie
Research and consultancy group Wood Mackenzie has said that Africa’s upstream spend in 2020 is down US$14bn versus its pre-crash view
Nigeria oil and gas operators pledge million of dollars to mitigate effects of COVID-19
National oil company Nigerian National Petroleum Corporation (NNPC) has said 53 per cent of the US$58mn pledged as medical intervention by the oil and gas industry group in the fight against COVID-19 will be devoted to the construction of medical infrastructure across the six geopolitical zones in the country
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