Tag Archive

Neste acquires Jacob Engineering’s stake in Neste Jacobs Oy

Neste acquires Jacob Engineering’s stake in Neste Jacobs Oy

September 29, 2017 No Comments

Neste and Jacobs Engineering Group have agreed that Neste acquires the 40% shareholding of Jacobs in Neste Jacobs Oy. After this transaction, Neste holds all shares in Neste Jacobs. “Neste Jacobs is the leading company specializing in process industry technology, engineering and project management services in the Nordic countries. Its global customers include oil, gas […]

Noble Energy Updates Third Quarter 2017 Guidance

Noble Energy Updates Third Quarter 2017 Guidance

September 25, 2017 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today provided an updated outlook for the third quarter of 2017. • Sales volumes for the third quarter have been raised to range between 352 and 358 thousand barrels of oil equivalent per day (MBoe/d), representing a 3 percent uplift or 10 MBoe/d increase at […]

NNPC Urged to Explore Oil in Sokoto Basin

NNPC Urged to Explore Oil in Sokoto Basin

September 22, 2017 No Comments

Sokoto State Governor, Rt. Hon. Aminu Waziri Tambuwal, has appealed to the Management of the Nigerian National Petroleum Corporation (NNPC), to activate oil and gas exploration campaign in the Sokoto Inland Sedimentary Basin with a view to establishing the volume and value of hydrocarbon deposits there. Governor Tambuwal who led a high powered Sokoto State […]

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 […]

Nigeria positioned for international oil, gas dominance

Nigeria positioned for international oil, gas dominance

August 25, 2017 No Comments

A recent PricewaterhouseCoopers (PwC) report suggests that by end-2019 Nigeria could assume the status of the largest producer of refined petroleum products in Africa. The projection sees Nigerian exports exceed 300,000 bpd by 2019 – up 350 per cent from 2016 production of 65,000 bpd. Source / Read More: guardian.ng Oil and Gas News Undiluted […]

Cairn announce results SNE North-1 exploration well offshore Senegal

Cairn announce results SNE North-1 exploration well offshore Senegal

August 7, 2017 No Comments

The well encountered oil and gas in the primary objective and oil in the deeper secondary objective, in a separate accumulation to the SNE field. Further work is being undertaken to establish the potential commerciality of this discovery and to integrate the results with the block wide data gathered to date. The well result has […]

All NNPC Staff Kidnapped By Boko Haram Terrorists In Borno Rescued

All NNPC Staff Kidnapped By Boko Haram Terrorists In Borno Rescued

July 27, 2017 No Comments

The Nigerian Army has rescued all the staff of Nigerian National Petroleum Corporation (NNPC) kidnapped by Boko Haram terrorists during an ambush in Borno yesterday according to various media reports. Terrorists ambushed the military escort and oil workers, who were traveling in a convoy of about 10 vehicles at a village along Gubio and Magumeri […]

Canadian Natural Announces Filing of Preliminary Shelf Prospectuses

Canadian Natural Announces Filing of Preliminary Shelf Prospectuses

July 21, 2017 No Comments

Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) filed a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) allowing for the future issuance, from time to time, of up to US$3 billion in debt securities (the “Debt Securities”). […]

North Sea exploration no longer attractive

North Sea exploration no longer attractive

July 14, 2017 No Comments

Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico. The company’s shares have surged to a three-month high after it found potentially more than a billion […]

Statoil sign exploration agreements in Suriname

Statoil sign exploration agreements in Suriname

July 14, 2017 No Comments

Statoil has signed agreements to enter two additional offshore exploration licenses in Suriname. The agreements cover two blocks in the Guyana basin: In Block 59, Statoil has been awarded 33,33% equity interest. ExxonMobil (operator) and consortium partners Statoil and Hess each hold a third of the interest in the block. In Block 60, Statoil has […]

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