Tag Archive

Offshore Energy UK Limited Announces Launch of New Website

Offshore Energy UK Limited Announces Launch of New Website

January 7, 2019 No Comments

Offshore Energy UK Limited, (https://www.oel-uk.com) a leading provider of project management, engineering and lifting management to the oil & gas, subsea telecommunications and renewables industries announced today the launch of its newly designed website . “We are pleased to debut the newly designed company website, which is part of a strategy to improve our digital […]

NNPC Records Trading Surplus of ₦9.85Billion

NNPC Records Trading Surplus of ₦9.85Billion

December 28, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for the month of September 2018, a figure which is higher than the previous month’s deficit of ₦3.90 billion. Details of the report which is contained in the newly released September 2018 edition of the NNPC Monthly Financial and Operations Report indicated […]

Canadian government announces support for workers in oil and gas sector

Canadian government announces support for workers in oil and gas sector

December 20, 2018 No Comments

The Government of Canada announced more than $1.6 billion to support jobs and workers in Canada’s oil and gas sector, as Canada seeks to diversify export markets for its resources beyond the United States. These measures will support workers and their families, foster competitiveness and improve the long-term environmental performance of the oil and gas […]

Shell grows Bonga oil production

Shell grows Bonga oil production

December 18, 2018 No Comments

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels. Shell’s Media Relations Manager, Bamidele Odugbesan, in a statement, said the feat was achieved in 13 years of production from the field. He added it confirms the oil giant as a […]

Eni, Shell aware of corrupt payments, Judge rules

Eni, Shell aware of corrupt payments, Judge rules

December 18, 2018 No Comments

An Italian judge, Giusy Barbara, found out on Monday that Eni and Royal Dutch Shell were fully aware that their 2011 purchase of Nigeria’s Oil Prospecting Lease (OPL 245) would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about 1.3 billion dollars from […]

Angola 2019 Licensing Round

Angola 2019 Licensing Round

December 17, 2018 No Comments

Angola’s licensing round will include a new focus on the development of marginal fields. The Angola Oil & Gas conference will be 2019’s main promotional event for the licensing round and marginal fields. Licensing round and marginal field legislation indicate new strategic direction and opening of Angola’s oil and gas business. Angola has developed a […]

Sonangol EP And ExxonMobil Sign MoU

Sonangol EP And ExxonMobil Sign MoU

December 17, 2018 No Comments

Sonangol EP and ExxonMobil Corporation, signed a Memorandum of Understanding defining the intention of signing the risks with service contracts , for Blocks 30, 44 and 45 of the Namibe Basin. Carlos Saturnino and Andre Kostelnik, Chairman of the Board of Directors of Sonangol EP and General Manager of ExxonMobil in Angola, respectively, were the […]

Nigeria’s NNPC News Bite

Nigeria’s NNPC News Bite

December 6, 2018 No Comments

NNPC Seeks Investors to Unlock 10 billion Barrels Deep-Water Resources Ongoing drive by the Nigerian National Petroleum Corporation (NNPC) to increase Nigeria’s crude oil reserve was taken a notch higher yesterday with the unveiling of multi-billion dollar investment opportunities in the nation’s deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom. […]

Nigerian to Grow  Content to 70% by 2027

Nigerian to Grow Content to 70% by 2027

December 6, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) have committed to growing Local Content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country. NNPC Group Managing Director, Dr. Maikanti […]

Equatorial Guinea Says Oil Producers should ‘Stand Together’

Equatorial Guinea Says Oil Producers should ‘Stand Together’

December 3, 2018 No Comments

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity amongst oil producing ahead of this week’s 175th Ordinary Meeting of the Organization of Petroleum Exporting Countries in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil prices and a decision whether […]

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