Tag Archive

NCDMB sign MOU with CWC Group on PNC Forum

NCDMB sign MOU with CWC Group on PNC Forum

June 22, 2017 No Comments

Nigerian Content Development & Monitoring Board (NCDMB) reinforces its commitment to the Practical Nigerian Content (PNC) (www.CWCPNC.com) Forum held annually with the signing of a MoU with the CWC Group. Under the terms of the MoU, the NCDMB & CWC alongside Nigerian partner, Levmora Services will collaborate to deliver greater value through PNC. This will […]

Eni Signs MoU with Iran

Eni Signs MoU with Iran

June 21, 2017 No Comments

Italy’s oil giant Eni has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) a report said. The National Iranian Oil Company (NIOC) and Italy’s Eni Company signed a memorandum of understanding (MoU) for Eni to carry out initial studies on the development of Kish and Darquain fields in Iran. Eni […]

South Sudan Ministry of Petroleum Launches Open Tender for Petroleum Audit

South Sudan Ministry of Petroleum Launches Open Tender for Petroleum Audit

June 19, 2017 No Comments

The Ministry invites companies to bid on a public tender to perform the audit and produce a 2017 audit report on the industry • The Government of National Unity of South Sudan commits to transparency and enhanced efficiency in its petroleum sector. • Open tender announced for companies to complete a petroleum sector audit and […]

24th Annual Africa Oil Week 2017

24th Annual Africa Oil Week 2017

June 6, 2017 No Comments

ITE is pleased to host the 2017 edition of the globally recognised Africa Oil Week, the world’s longest running oil and gas conference on the African continent, from the 23rd -27th October in Cape Town, South Africa. Africa’s premier event is host to over 1,250 industry players from around the world, bringing together cross-continent multinationals […]

Melbana Provides Cuba Block 9 PSC Drilling Update

June 5, 2017 No Comments

Melbana Energy Limited (ASX: MAY) (“Melbana” or “the Company”) provided the following update on the forward drilling program in its 100% owned1 onshore Cuba Block 9 Production Sharing Contract (“Block 9 PSC”). Forward Drilling Program for Block 9 PSC Advances With the recent 50% upgrade in volumes to Melbana’s Block 9 PSC on 22 March […]

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Shell completes sale of its aviation business in Australia

Shell completes sale of its aviation business in Australia

May 31, 2017 No Comments

Following regulatory approval, Shell has completed the sale of its Australian aviation business (“Shell Aviation Australia Pty Ltd”) to Viva Energy Australia Pty Ltd (“Viva Energy”) for a total transaction value of approximately US$ 250 million, including working capital. This sale was announced on 19 December 2016. Viva Energy is the exclusive licensee of all […]

Oil Search to farm-in to acreage in onshore Papuan Gulf Basin, PNG

Oil Search to farm-in to acreage in onshore Papuan Gulf Basin, PNG

May 30, 2017 No Comments

Oil Search Limited (ASX Code: OSH, POMSoX: OSH, ADR: OISHY) announced that its subsidiary, Oil Search (PNG) Limited, has entered into arrangements regarding the acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from ExxonMobil affiliates (ExxonMobil). ExxonMobil acquired interests in these licences when it completed its purchase […]

BPE Oblivious of Agip/Oando Planned Concession of Port Harcourt Refinery

BPE Oblivious of Agip/Oando Planned Concession of Port Harcourt Refinery

May 25, 2017 No Comments

The Bureau of Public Enterprises (BPE) is ignorant of the proposed rehabilitation and operation under a concession arrangement of the 210,000 barrels per day (bpd) Port Harcourt Refinery by oil firms – Nigeria Agip Oil Company (NAOC) and Oando Plc, THISDAY yesterday learnt from top sources in the privatisation agency. It learnt in Abuja that […]

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

May 17, 2017 No Comments

Canadian Natural Resources Limited (“Canadian Natural”) (TSX:CNQ) (NYSE:CNQ) announced today that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New […]

Statoil Announce First quarter 2017 results

Statoil Announce First quarter 2017 results

May 4, 2017 No Comments

Statoil (OSE:STL, NYSE:STO) reports adjusted earnings of USD 3.3 billion and an IFRS net operating income of USD 4.3 billion in the first quarter of 2017. The IFRS net income was USD 1.1 billion. The first quarter results were characterised by: • Solid earnings and strong cash flow from operations across all segments • Solid […]

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