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

Ecobank Marks 14th Ecobank Day Across Nigeria, Empowering Students with Digital Skills for the Future

Hope Fountain Foundation for the Deaf, Agege, Lagos. Ecobank Nigeria...

Leadway Named Insurance Company of the Year at 2026 BusinessDay BAFI Awards

L–R: Chief Executive Officer, Creato Urban Limited, Odion Aleobua;...

Emergency: Rising Prices Worsen Nigeria’s Food Insecurity—Orodata

Rising food prices and the high cost of nutritious...

Fidelity Bank Excels at 2026 BAFI Awards, Wins Two Awards

L-R: Mobolaji Sunmoni, Team Lead, Upstream; Abimbola Ogunyemi, Team...

Fidelity Bank: Celebration of Beauty Industry Excellence

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe...

Topics

INEC Meets With Political Office Holders on Tax Compliance

L-R: Executive Chairman, LIRS: Mr Ayodele Subair, Chairman, Code of...

Why Brands Should Take Media Monitoring Serious in 2023

By Queen Nwabueze Please allow. Let's start this article by...

IMO Dep Gov Elect: ‘No More Sharing of ISOPADEC Funds’

Imo State Deputy Governor-elect, Rt. Hon. Gerald Alphonsus Irona...

Huawei Probed by US for Sanctions Busting

China's Huawei has been served with a subpoena by...

World Bank Unveils $12bn Support for Coronavirus Country Response

  As COVID-19 reaches more than 60 countries, the World...

The Cement War

The global supremacy for cement production is growing per...

AIICO Sponsors Cancer Treatment for 30, Mammogram Testing for 100 Others

AIICO Insurance Plc, a frontline and innovative insurance company...

CIIN Holds 52nd AGM Tomorrow in Lagos

The 52nd Annual General Meeting of the Chartered Insurance...
spot_img

Related Articles

Popular Categories

spot_imgspot_img