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A review of the book “BIG BARRELS”

A review of the book “BIG BARRELS”

June 15, 2017 No Comments

BIG BARRELS has arrived very late. For many like myself, who struggled with the scarcity of positive Africa-specific case studies at business school; it’s about time, too. By showcasing examples of countries where the ‘Resource Curse’ is being overcome, NJ Ayuk and Joio Gaspar Marques have placed a finger right on the pulse of Africa’s […]

Chevron Reports First Quarter Net Income of $2.7 Billion

Chevron Reports First Quarter Net Income of $2.7 Billion

April 28, 2017 No Comments

Chevron Corporation (NYSE: CVX) today reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Included in the quarter was a gain of approximately $600 million from the sale of an upstream asset. Foreign […]

BP breakthrough in seismic imaging technology

BP breakthrough in seismic imaging technology

April 28, 2017 No Comments

BP today announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in […]

Nigeria loses Africa’s top oil producer position to Angola

Nigeria loses Africa’s top oil producer position to Angola

April 18, 2017 No Comments

Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). OPEC daily basket price stood at $52.94 a […]

Amec Foster Wheeler wins BP global engineering services framework contract

Amec Foster Wheeler wins BP global engineering services framework contract

April 7, 2017 No Comments

Amec Foster Wheeler announced that it has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects. The award will allow Amec Foster Wheeler to use its deep experience and culture of […]

Chevron Starts Production at Mafumeira Sul, Offshore Angola

Chevron Starts Production at Mafumeira Sul, Offshore Angola

March 20, 2017 No Comments

Chevron Corporation (NYSE: CVX) announced that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. “This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation. […]

Chevron Starts Production at Mafumeira Sul Offshore Angola

Chevron Starts Production at Mafumeira Sul Offshore Angola

March 8, 2017 No Comments

Chevron Corporation (NYSE:CVX) announced today that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. “This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation. […]

The Secret Wealth Of The World’s Richest Oil Billionaires

The Secret Wealth Of The World’s Richest Oil Billionaires

March 3, 2017 No Comments

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources. As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian […]

BP Angola donates medical equipment and supplies to public hospitals

BP Angola donates medical equipment and supplies to public hospitals

February 6, 2017 No Comments

BP Angola delivered two 40 foot containers filled with medical equipment and supplies to Neves Bendinha and Cajueiros Hospitals located in Luanda. This donation will support the Angolan government´s objective to better equip hospitals and to improve care for patients. “As part of our commitment to Angola, BP supports social projects that aim to bring […]

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Top Oil News Brief/Roundup to 6th December 2016…..

Top Oil News Brief/Roundup to 6th December 2016…..

December 6, 2016 No Comments

The price of OPEC basket of fourteen crudes stood at $51.32 a barrel on Monday, compared with $50.49 the previous Friday, according to OPEC Secretariat calculations. International Brent crude oil futures LCOc1 were trading at $54.64 per barrel at 0935 GMT, down 30 cents from Monday’s close. U.S. West Texas Intermediate crude was at $51.39 […]

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