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

Hot this week

Is the Era of the POS Operator Coming to an End?

By Elvis Eromosele Step outside your home in Lagos, Kano,...

‘NGX Stands Ready to Teach Corp Members the Rudiments of Investment, Entrepreneurship’

It gives me great pleasure to welcome Brigadier Olakunle...

NGX Extols Partnership with Pearl Awards

I am delighted to participate in the 2026 edition...

African Insurance Leaders Highlight Urgent Need for Regulatory Innovation and Digital Distribution at AIO Panel

Industry leaders at the 52nd African Insurance Organisation (AIO)...

NAICOM Appoints ERNST & YOUNG as Consulting Actuary for Risk-Based Capital Framework

The National Insurance Commission (NAICOM) has appointed global professional...

Topics

Stanbic IBTC Bank Emerges Best Sub-Custodian Bank in Nigeria

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

African Alliance to NSE: Anthony Okocha is our New Chairman

African Alliance Insurance Plc has officially informed the Nigerian...

2023 General Elections: Where Have Real Political PR Practitioners Gone?

   By Tope Adaramola The history of Public Relations in Nigeria...

Linkage Assurance Grows Profit by 894%, Rewards Shareholders with Bonus Issue

L-R: Mr. Okanlawon Adelagun, Executive Director, Technical ; Mr....

The Nigeria Prize for Literature 2026 Receives 223 Entries

Second from left: Abdul Umar, Manager, Government Relations, representing...

Oil Assets Divestments Will Boost Production, Employment – Wabote

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB),...

Local Content: How Nigeria Lost $380bn, 2m Jobs in 50 Years

Engineer Simbi Kesiye Wabote Executive Secretary Nigerian Content Development & Monitoring...

Sovereign Trust Insurance 2023 Strategy Session Targets Market Leadership, Growth

L-R: Emmanuel Anikibe, DGM, Marketing & Business Development Division,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img