Tag Archive

Hydrocarbon survey in Bida Basin, Nigeria

Hydrocarbon survey in Bida Basin, Nigeria

November 7, 2019 No Comments

The Department of Petroleum Resources (DPR), has commenced the radiometric survey of the Bida Basin, Niger State, in line with the federal government’s aspiration to diversify hydrocarbon exploration across all Nigerian basins. Source / More : The Guardian Nigeria Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news […]

$47 Trillion Death Sentence For Oil & Gas

$47 Trillion Death Sentence For Oil & Gas

September 24, 2019 No Comments

The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented. Around 130 international banks, all present at the UN climate change summit in New York, have committed themselves to decrease their support and investments in the oil and gas sector the coming […]

Gazprom and OMV enhancing sci-tech cooperation

Gazprom and OMV enhancing sci-tech cooperation

June 20, 2019 No Comments

The Joint Coordinating Committee for scientific & technical cooperation and partnership between Gazprom and OMV held a meeting in Vienna, Austria. The meeting was run by Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Johann Pleininger, Deputy Chairman of the Executive Board of OMV. The meeting participants reviewed issues […]

Successful Result at West Newton A-2 Appraisal Well

Successful Result at West Newton A-2 Appraisal Well

June 18, 2019 No Comments

Union Jack Oil plc (AIM: UJO), a UK focused on-shore hydrocarbon production, development and exploration company announced positive preliminary results in respect of the recently drilled West Newton A-2 conventional appraisal well, located within PEDL 183 and operated by Rathlin Energy (UK) Limited. Union Jack holds a 16.665% interest in this licence containing the West […]

Shell agrees to sell Martinez Refinery

Shell agrees to sell Martinez Refinery

June 12, 2019 No Comments

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc., for $1.0 billion consideration plus the value of hydrocarbon inventory, crude oil supply […]

Faroe Announce Results of Brasse East Exploration well

Faroe Announce Results of Brasse East Exploration well

January 2, 2019 No Comments

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Brasse East exploration well 31/7-3 S and the Brasse appraisal sidetrack 31/7-3 A in the northern North Sea (Faroe 50% working interest and operator). The Brasse East exploration well […]

Stabroek Resource Estimate now 5 Billion Barrels

Stabroek Resource Estimate now 5 Billion Barrels

December 4, 2018 No Comments

ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and […]

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Eni Extends Lease for Key Assets in Egypt Nile Delta

Eni Extends Lease for Key Assets in Egypt Nile Delta

August 14, 2018 No Comments

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). These assets are located in the “Great Nooros Area”, […]

Oil discovery in the Faghur Basin in Egyptian Western Desert

Oil discovery in the Faghur Basin in Egyptian Western Desert

May 3, 2018 No Comments

Eni announces an oil discovery on the A-2X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 103 Km North of the oasis of Siwa. The well is the first one drilled by Eni to explore the deep geological sequences of the Faghur Basin. The exploratory well, named SWM A-2X, […]

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