Tag Archive

NNPC Records $471.9 Million Export Receipts

NNPC Records $471.9 Million Export Receipts

October 9, 2017 No Comments

The Nigerian National Petroleum Corporation, NNPC has announced a total export receipt of $471.90 million for the month of July 2017 as against $219.34 million posted in June 2017. According to the July edition of the Monthly Financial and Operations Report of the Corporation which was made public on Thursday, contribution from crude oil amounted […]

Lack of Adherence to Due Process in NNPC Contract Awards

Lack of Adherence to Due Process in NNPC Contract Awards

October 9, 2017 No Comments

Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC) to consider and respond expeditiously to the allegations. The substance of the allegations made by the Minister of State for Petroleum […]

A bright future for Ugandan oil & gas sector

A bright future for Ugandan oil & gas sector

September 27, 2017 No Comments

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well. These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda. Addressing government officials and delegates, […]

Petrobras Update on Oil and natural gas output in August

Petrobras Update on Oil and natural gas output in August

September 19, 2017 No Comments

In August, our total oil and natural gas output was 2.72 million barrels of oil equivalent per day (boed), of which 2.61 million boed produced in Brazil and 107,000 boed abroad. The average oil output in the country was 2.11 million barrels per day (bpd), stable compared with July’s. Record gas usage Natural gas production […]

NNPC Resolves to Meet 2019 Refineries Revamp Target

NNPC Resolves to Meet 2019 Refineries Revamp Target

September 13, 2017 No Comments

In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019. While inaugurating the committees on Tuesday, Group Managing Director of the Corporation, Dr. Maikanti Baru, charged them to deploy “out of […]

China’s August crude oil imports

China’s August crude oil imports

September 8, 2017 No Comments

China imported 33.98 million tonnes of crude in August, or 8 million barrels per day (bpd), data from the Chinese General Administration of Customs showed on Friday. That compared with 8.18 million bpd in July according to a Reuters report. Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress […]

Tags:
Rosneft and CEFC Sign Strategic Cooperation Agreement

Rosneft and CEFC Sign Strategic Cooperation Agreement

September 5, 2017 No Comments

Rosneft and CEFC China Energy Company Limited signed a Strategic Cooperation Agreement and a contract for the supply of Russian crude oil at the 9th BRICS summit. The documents were signed by Igor Sechin, Rosneft Chief Executive Officer, and Chan Chauto, CEFC China President. The Strategic Cooperation Agreement suggests developing joint exploration and production projects […]

Hess Donates $1 Million to Hurricane Harvey Relief

Hess Donates $1 Million to Hurricane Harvey Relief

September 1, 2017 No Comments

Hess Corporation (NYSE:HES) announced today that it is donating $1 million to relief efforts in Houston following Hurricane Harvey. “Our hearts go out to the people impacted by this unprecedented storm,” said CEO John Hess. “To support Mayor Sylvester Turner and the Houston community in the immediate recovery and longer term rebuilding efforts, we are […]

Gazprom Announce Results for the six months ended June 30, 2017

Gazprom Announce Results for the six months ended June 30, 2017

August 30, 2017 No Comments

PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the six months ended June 30, 2017. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the six months ended June 30, 2017 and for the six months […]

Russia Still China’s No.1 Crude Supplier

Russia Still China’s No.1 Crude Supplier

August 24, 2017 No Comments

Russia continued to be China’s biggest crude oil supplier in July for a fifth consecutive month, while Chinese refineries have been taking in more Brent-price-linked West African crude at the expense of sour Middle Eastern varieties as OPEC’s cuts led to narrower price differentials making African oil more attractive for buyers. China’s crude oil imports […]

Page 1 of 4312345»102030...Last »