Tag Archive

NNPC Records Trading Surplus of N6.33billon in May

NNPC Records Trading Surplus of N6.33billon in May

July 22, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for the month of May 2019, a figure which is 13 per cent higher than the N5.60 billion surplus posted in the preceding month of April 2019. Details of the report contained in the May 2019 edition of the NNPC Monthly […]

Saudi Aramco awards contracts valued at $18 billion

Saudi Aramco awards contracts valued at $18 billion

July 10, 2019 No Comments

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day […]

Finboot Secures Cornerstone Repsol Investment and Blockchain Solution Contract

Finboot Secures Cornerstone Repsol Investment and Blockchain Solution Contract

July 3, 2019 No Comments

Finboot, a leading software innovation group creating enterprise-level products, announces that it has secured an investment from global energy giant Repsol as part of its latest fundraise, in addition to securing a commercial contract with the company. Repsol has acquired a c.8% stake in the company through its strategic investment fund. The funds will be […]

Machine learning technology to extend offshore asset life

June 19, 2019 No Comments

The productive life of an oil and gas platform could be significantly extended through a transformative machine learning solution that will contribute to maximising economic recovery from the UK Continental Shelf (UKCS) by predicting equipment failure. <a href=”http://www.spartansolutions.com/news”>Spartan Solutions Ltd</a> , a world-class software company, is leading a project to develop a machine learning software […]

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Training gives motivation, increased understanding and improved team capability

June 19, 2019 No Comments

Here at Patriot International we believe training to be one of the most important commodities in the industry, both for the individual and the company. Training gives motivation, increased understanding and improved team capability. Through training we develop personally and therefore are able to contribute more towards the growth and the innovation of our respective […]

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Rovuma LNG Development Plan Approved by Mozambique Government

Rovuma LNG Development Plan Approved by Mozambique Government

May 15, 2019 No Comments

Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1. […]

Gazprom Announce financial statements for the year ended December 31, 2018

Gazprom Announce financial statements for the year ended December 31, 2018

April 30, 2019 No Comments

PJSC Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2018. Sales (net of excise tax, VAT and customs duties) increased by RUB 1,678,034 million, or 26%, to RUB 8,224,177 million for the year ended December 31, 2018 compared to the year ended […]

DEA’s Ogarrio field in Mexico gets approval

DEA’s Ogarrio field in Mexico gets approval

March 7, 2019 No Comments

The Field Development Plan for DEA’s operated oil field Ogarrio Onshore Mexico has been approved by the National Hydrocarbons Commission (CNH). With the planned Ogarrio development, DEA aims to increase production and optimize operations of the mature oil field in the Mexican state Tabasco. Juan Manuel Delgado, Country Manager for DEA’s Mexican business, said: “This […]

World HSE Week  in Dubai, UAE.

World HSE Week in Dubai, UAE.

February 27, 2019 No Comments

 Verve Management is excited to host a first of its kind event in the Middle East for the oil & gas industry captioned as World HSE Week scheduled for the 7th to 11th April 2019 in Dubai, UAE. The World HSE Week will consist of a 3-days advanced HSE masterclass from the 7th to the […]

Gas production starts at Trinidad and Tobago’s Angelin project

Gas production starts at Trinidad and Tobago’s Angelin project

February 26, 2019 No Comments

BP Trinidad and Tobago (BPTT) today announced first gas production from its Angelin development. The project was delivered on time and under budget. The Angelin development, originally discovered by the El Diablo well in 1995, includes a new platform and four wells. It is located 60 kilometres off the south-east coast of Trinidad in a […]

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