The Nigeria LNG and the Nigerian Content Development and Monitoring Board (NCDMB) met to compare notes and elaborate details on the local content component of the US$7.6bn Train 7 project signed in May 2020
Exploration
‘Nigeria oil sector needs to position itself for survival post COVID-19’
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
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
Global discoveries total 4.9 billion boe, lowest of the century
Global discoveries of conventional resource volumes in the first half of 2020 only reached 4.9 billion barrels of oil equivalent (boe), estimates Rystad Energy, the weakest-performing first half of the 21st century
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
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