Tag Archive

Lagos State, NNPC sign MOU on $25billion refinery and hydrocarbon industrial park

October 22, 2010 No Comments

After two years of intensive negotiations, Lagos State Government and the Nigerian National Petroleum Company (NNPC) have signed a Memoradum of Understanding signifying readiness towards the setting up of a Greefield Refinery and Hydrocarbon Industrial Park to be located at the Lekki Energy City within the Lekki Free Zone, Ibeju Lekki, Lagos. Speaking at a […]

Tags: , , , News analysis, Renewables

BP Seals Deal with Azerbaijan to Explore Caspian Sea

October 12, 2010 No Comments

BP has signed a production-sharing agreement with Azerbaijan’s state-owned firm SOCAR for the joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. Under the 30-year agreement, BP and SOCAR will each have 50% in the development of the Shafag-Asiman structure, which is located about 78 miles south-east of […]

Tags: , , , , News analysis, Press Releases

Chevron Announces Significant Natural Gas Find in Australia

August 27, 2010 No Comments

Acme-1 Discovery Represents Ninth Discovery in 12 Months Offshore Western Australia Chevron Corp. (NYSE:CVX) today announced further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Acme-1 exploration discovery well is located in the WA-205-P permit area offshore Western Australia approximately 93 miles (150 km) from Onslow. Drilled in2,880 feet […]

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