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
spot_img
spot_img

Hot this week

Nigeria’s Private Sector Launches Gender Country Program to Unlock Inclusive Growth

Senior government officials, regulators, development finance institutions and business...

SERAP Sues INEC over ‘Failure to Probe Alleged N800bn FAAC Diversion for Campaign Funding’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit...

PTAD: Harmonisation Reforms Designed to Advance Pension Equity

The Pension Transitional Arrangement Directorate (PTAD) says implementation of...

How Babies N’ Stuffs is Building the Future of Parenting Commerce in Nigeria

Nigeria's baby products industry is undergoing a quiet transformation. Driven...

NGX Leadership Engages Global Community on T +1 Policy to Strengthen Nigeria’s Capacity to Attract FDI

Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX)...

Topics

Sanwo-Olu Hails Maiden Lagos Shopping Festival

LR: Chief Bisoye Fagade, DG/CEO, National Institute for Hospitality...

Digital Encode Targets Unicorn Status, Showcases Cutting-edge Cybersecurity Solutions @ AfriTECH 4.0

Digital Encode Limited, a leading Cybersecurity and Governance, Risk...

TECNO SPARK 4: Speed, Functionality, Affordability

In the world of internet-of- everything, speed defines the...

Global Airlines Financial Monitor: September 2016

The latest financial results indicate that industry profitability...

World Economic Forum Postpones 2022 Annual Meeting over Omicron Outbreak

The World Economic Forum will defer its Annual Meeting...

Guild Caution Insurers on Patronage of Unregistered Marine Surveyors

L-R: General Secretary, Guild of Marine Surveyors, Festus Nwiue;...

Eleven in Contention for $100,000 The Nigeria Prize for Literature

The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored by Nigeria LNG Limited (NLNG) with a cash award of $100,000. The 11 plays on the longlist, in alphabetical order by the title of the plays, are: Dance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img