Update News’ Post

Pakistani petroleum exploration and production companies are set to invest more than $33 million under new agreements, as announced by the country's energy ministry. These agreements, known as petroleum concession agreements (PCAs) and exploration licenses (ELs), were signed for eight blocks by various companies, including Oil & Gas Development Company Limited (OGDCL Official), Pakistan Oilfields Limited (POL), Pakistan Petroleum Limited (PPL), and United Energy Pakistan (UEP). The minimum investment by these companies for prospecting in these blocks is expected to be over $33.3 million within three years. The investments aim to develop hydrocarbon reserves and contribute to bridging the energy demand and supply gap in Pakistan. The country heavily relies on costly oil imports as it is only 16.35 percent self-sufficient in oil production. #country #investments #Pakistani #petroleum #production #energy

On the last day of the 28th Iran International Oil, Gas, Refining & Petrochemical Exhibition, with the presence of CEO of National Iranian Oil Company Mohsen Khojstemehr and CEO of SINA Energy Group Mohammad Sadegh Azimifar, three contracts and memorandums of understanding were signed in the upstream field of the oil industry. First contract for exploratory drilling in Rudsar Block worth 200 million USD was signed between CEO of North Drilling Company Alireza Salmanzadeh and CEO of Caspian Oil Company Masoud Parsi. Further, a memorandum of understanding for repair, management and transfer of Iran's Amirkabir semi-floating platform project in the Caspian Sea worth 160 million USD was signed between Northern Drilling Company and Caspian Oil Company. The second memorandum of understanding was signed between Pedex, one of the other SINA Energy Group's Subsidiary companies and the Central Regions Oil Company signed the agreement. This agreement was worth 200 million dollars. #Iran #Energy #Petrochemical #Refinery #Exhibition #investment #import #export

This month marks a significant advancement for the Nigerian National Petroleum Co. Ltd. (NNPC) as they have successfully restarted production from Nigeria’s Awoba field and initiated production at the Madu field. These developments are crucial for enhancing Nigeria’s oil production capacity and strengthening its position in the global oil market. The Awoba field, which had seen a halt in production, is now back online, indicating a positive move towards stabilizing and increasing the nation’s oil output. Meanwhile, the commencement of production at the Madu field represents the exploration of new resources, potentially increasing the overall production and economic benefits for the country. #oilandgas #Nigeria #energysector

Oman boosts oil and gas prospects with new exploration agreement MUSCAT: Mazoon Petrogas, a subsidiary of Petrogas E&P (PG), the Exploration and Production arm of the Mohammed al Barwani Group, along with its partner CNPC, has signed an agreement with the Ministry of Energy and Minerals for the exploration and production of oil and gas within the concession area Block 15. The agreement was signed by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, and Dr Mohammed al Barwani, Chairman and Founder of MB Group, along with Zhang Yu, Vice-President of CNODC. Through this new agreement, Petrogas aims to continue its successful collaboration with the government, demonstrating its commitment to the local economy and community. Read more: https://lnkd.in/d_jeCqTZ Ministry of Energy and Minerals @Mazoon Petrogas China National Petroleum Corporation Mohammed Al Barwani LLC #Oil #Gas #Exploration #Block15 #Oman #OmanBiz

Kuwait Oil Company (KOC) has made a significant discovery in the Al-Nokhatha offshore field. They have found large amounts of light oil and associated gas in an area of approximately 96 square kilometers. This discovery marks a major advancement in Kuwait's exploration of hydrocarbon resources in its offshore area. Preliminary estimates suggest that the field contains around 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas, equivalent to approximately 3.2 billion barrels of oil. These initial findings indicate the potential for further increasing the quantity of hydrocarbon resources in the discovered field. More info @ https://lnkd.in/dGM6Ygs4 #oilandgasindustry #exploration #energy #offshore #kuwait

Egypt’s Cabinet has approved five agreements with international and national companies to explore gas and crude oil potential. These petroleum commitment deals are projected to attract around $200 million in investments. One of the agreements between Egyptian Natural Gas Holding Company (EGAS) and IEOC Production BV aims to explore and develop gas and crude oil resources in the North Port Fouad offshore area of the Mediterranean.

Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, has signed two major agreements worth $342 million with international companies to enhance oil and gas production. The first agreement, with EGPC, Shell Egypt, and Petronas, will see $222 million invested in the West Delta area to drill three new natural gas wells, increasing production to 200 million cubic feet by the end of 2024. The second agreement, involving EGPC, Chevron Energy, and KUFPEC, allocates $120 million to drill nine wells in the Gulf of Suez. This is expected to boost oil production from 21,000 to 26,000 barrels per day.   Mohamed Fouad Ayman Rady Vincenzo Terenzio Mohamed Atia Merna Nada Petlong Dakhling Dakim Dung Ikechukwu Promise Obialor Follow The African Energy Council for more energy news #EnergySector #aecouncil #OilProduction #EgyptEnergy #Sustainability #Petroleum #RenewableEnergy #GreenEnergy #Innovation #CleanEnergy #OilAndGas #FutureEnergy

#Nigeriaisopenforbusiness🚀 #ClientCare We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 🚀With the $20 Billion Dangote Petroleum & Petrochemicals Refinery triggering off a flurry of commercial activities ranging from the purchase of crude oil(please see link: https://lnkd.in/ePiXk2bj) to sustain its need for 19500000 barrels of crude oil per month, to Shell taking FID to supply gas to the Dangote Refinery(please see link: https://lnkd.in/eMJN6gWz). . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 💡 Why Invest? Largest market in Africa: With a population of over 200 million people.💰 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusu strategically navigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #DangoteRefinery #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGasReforms #OilandGas #InvestmentOpportunities 🚀📈 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Finpro Australian Trade and Investment Commission (Austrade) UK Trade & Investment (UKTI) Polish Agency for Enterprise Development Abu Dhabi Investment Authority (ADIA) QatarEnergy LNG ADNOC Group SLNG - Singapore LNG Corporation Pte Ltd American Bar Association Gasum International Gas Union Canadian Gas Association Southern Gas Association Colorado Oil & Gas Association  Louisiana Oil & Gas Association South Hook LNG Terminal Company Ltd.  American Gas Association Natural Gas Supply Association Ohio Oil and Gas Association Society of Petroleum Engineers - Oklahoma City Section The Petroleum Alliance of Oklahoma NOVA Merchant Bank Ltd.

#Nigeriaisopenforbusiness🚀 #Clientfeedback We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 🚀With the $20 Billion Dangote Petroleum & Petrochemicals Refinery triggering off a flurry of commercial activities ranging from the purchase of crude oil(please see link: https://lnkd.in/ePiXk2bj) to sustain its need for 19500000 barrels of crude oil per month, to Shell taking FID to supply gas to the Dangote Refinery(please see link: https://lnkd.in/eMJN6gWz). . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 💡 Why Invest? Largest market in Africa: With a population of over 200 million people.💰 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusu strategically navigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #DangoteRefinery #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGasReforms #OilandGas #InvestmentOpportunities 🚀📈 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Finpro Australian Trade and Investment Commission (Austrade) UK Trade & Investment (UKTI) Polish Agency for Enterprise Development Abu Dhabi Investment Authority (ADIA) QatarEnergy LNG ADNOC Group SLNG - Singapore LNG Corporation Pte Ltd American Bar Association Gasum International Bar Association Canadian Gas Association Southern Gas Association Colorado Oil & Gas Association  Louisiana Oil & Gas Association South Hook LNG Terminal Company Ltd.  American Gas Association Natural Gas Supply Association Ohio Oil and Gas Association Society of Petroleum Engineers - Oklahoma City Section The Petroleum Alliance of Oklahoma Mehdy Touil NOVA Merchant Bank Ltd.

#Nigeriaisopenforbusiness🚀 #Clientfeedback We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 🚀With the $20 Billion Dangote Petroleum & Petrochemicals Refinery triggering off a flurry of commercial activities ranging from the purchase of crude oil(please see link: https://lnkd.in/ePiXk2bj) to sustain its need for 19500000 barrels of crude oil per month, to Shell taking FID to supply gas to the Dangote Refinery(please see link: https://lnkd.in/eMJN6gWz). . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 💡 Why Invest? Largest market in Africa: With a population of over 200 million people.💰 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusu strategically navigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #DangoteRefinery #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGasReforms #OilandGas #InvestmentOpportunities 🚀📈 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Finpro Australian Trade and Investment Commission (Austrade) UK Trade & Investment (UKTI) Polish Agency for Enterprise Development Abu Dhabi Investment Authority (ADIA) QatarEnergy LNG ADNOC Group SLNG - Singapore LNG Corporation Pte Ltd American Bar Association Gasum International Gas Union Canadian Gas Association Southern Gas Association Colorado Oil & Gas Association  Louisiana Oil & Gas Association South Hook LNG Terminal Company Ltd.  American Gas Association Natural Gas Supply Association Ohio Oil and Gas Association Society of Petroleum Engineers - Oklahoma City Section The Petroleum Alliance of Oklahoma Mehdy Touil NOVA Merchant Bank Ltd.