Tag Archive

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 […]

NNPC Secures $2Billion Discounts on Renegotiated Upstream Contracts

NNPC Secures $2Billion Discounts on Renegotiated Upstream Contracts

July 4, 2017 No Comments

The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated Upstream contracts being executed by its various service providers. The Corporation said the feat was achieved in the quest to continually drive down the high cost of production in the industry. This was made known today by NNPC […]

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 […]

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