Tuesday, April 7, 2026
27.3 C
Lagos

Africa Offshore Oil Development Attracts U.S. Grant

The United States and Nigeria are teaming up to develop the African country’s offshore oil and gas industry. The U.S. Trade and Development Agency announced December 31, 2012 that it would be providing a grant to Nigeria that will be used to develop an electronic management platform which provides 24-hour support to offshore operations such as loading and unloading ships, cargo and equipment.

“USTDA is proud to assist the base’s efforts to expand its operations in order to provide continued logistics support,” said the USTDA Director Leocadia Zak in a release. “The technical assistance grant could also generate significant opportunities for U.S. companies to export IT-related goods and services.”

Other offshore oil development is also being planned for the coast of South Africa. The Oil and Gas Journal reported that Exxon Mobil recently acquired technical cooperation permits with the country’s government to conduct a one-year study on the hydrocarbon potential of a deepwater basin off Durban.

After the study, the energy company may decide to explore the area for oil and gas.

spot_img
spot_img
spot_img

Hot this week

World Health Day 2026: CEMESO Calls for Health Equity, Bold Investment, Collective Action

As the global community marks World Health Day 2026...

FCCPC and Digital Theft: Time to Act

By Segun Adediran For those who studied Economics at the...

Truecaller Opens Global Market Access for its Business Chat Platform

Truecaller, the leading global communications platform, today announced the...

DBI Unveils Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report

DigitalSENSE Business Intelligence (DBI), an initiative of ITREALMS Media,...

APC National Chairman, Nentawe Yilwatda, Donates N15m to Jos Attack Victims, Vows End to Killings in Plateau State

The National Chairman of the All Progressives Congress (APC),...

Topics

Houlin Zhao: The Emergence of New ITU Secretary-General

• ICT engineer turned career diplomat endorsed as ‘safe...

A.M. Best to Attend 43rd AIO Conference 2016

A.M. Best will attend the 43rd African Insurance Organisation...

SEC DG: Digital Assets Fraud Threatens Market Integrity

The Director General of the Securities and Exchange Commission...

Nairaxi Emerges Winner in NCC’s Young Innovators Competition

  A mobile ridesharing mobile app that enables users to request...

Five Millionaires Emerge in Polaris Bank’s Ongoing ‘Save & Win’ Promo

Five lucky Nigerians at the weekend hit a fortune...

Bayo Adeyinka Secures Freedom for 8 Inmates, Donates Medical Supplies to Mark 50th Birthday

Fourth from left, Deputy Controller of Corrections (DCC) in...

Assessing Akwa’s NDDC

By Haniel Ukpaukure If President Muhammadu Buhari’s promise to put...

NLNG: Adeleye Falade Assumes Office as New MD/CEO

Adeleye Falade has officially assumed office as the Managing...
spot_img

Related Articles

Popular Categories

spot_imgspot_img