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ENGIE Updates on Cara exploration well

ENGIE Updates on Cara exploration well

July 20, 2016 No Comments

ENGIE E&P Norge is the operator of the exploration well PL 636 Cara in the northern North Sea. The well was spudded on Monday The Cara well is located 35 kilometres from shore and approximately 6 kilometres from Gjøa in the Northern North Sea. Water depth is about 350 meters and both oil and/or gas […]

Oil Industry Faces Huge Worker Shortage

Oil Industry Faces Huge Worker Shortage

July 12, 2016 No Comments

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling is a short-cycle prospect, requiring only a few weeks to drill and bring a well online. Because of this, the collective U.S. shale industry has been likened to […]

Ghana National Petroleum Corporation Says Oil, Gas Sector Created Over 5,000 Jobs

Ghana National Petroleum Corporation Says Oil, Gas Sector Created Over 5,000 Jobs

July 8, 2016 No Comments

Available data from the Petroleum Commission shows that as of the third quarter of 2015, the oil and gas sector had provided direct high- quality jobs for more than 5,000 Ghanaians in the sector, the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Alex Mould, has said. He said the data further […]

Latest News on Oil, Energy and Petroleum Prices

Latest News on Oil, Energy and Petroleum Prices

July 5, 2016 No Comments

Oil fell below $50 a barrel on Tuesday as concern about a potential slowdown in economic growth that would weigh on demand trumped supply outages in Nigeria and other exporting nations. The price of OPEC basket of fourteen crudes stood at $45.42 a barrel on Friday, compared with $46.27 the previous day, according to OPEC […]

U.S SEC Adopts Rules for Resource Extraction Issuers Under Dodd-Frank Act

U.S SEC Adopts Rules for Resource Extraction Issuers Under Dodd-Frank Act

July 4, 2016 No Comments

The Securities and Exchange Commission announced it adopted rules to require resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas or minerals. The rules, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, are intended to further the statutory objective to advance U.S. foreign policy […]

Seplat Petroleum Report on Payments to Nigerian Government for Y/E 2015

Seplat Petroleum Report on Payments to Nigerian Government for Y/E 2015

June 30, 2016 No Comments

The report provides an overview of the payments to governments made by Seplat Petroleum Development Company Plc and its subsidiaries for the year ended 31 December 2015. This Report is required by the Disclosure and Transparency Rules of the Financial Conduct Authority in the United Kingdom and is prepared in accordance with Directive 2013/34/EU (the […]

2016 EIA Energy Conference

2016 EIA Energy Conference

June 30, 2016 No Comments

The U.S. Energy Information Administration (EIA) will hold its 2016 EIA Energy Conference on July 11 and 12, 2016. The EIA Energy Conference has become a premier forum for addressing energy issues in the United States and around the world. This event will bring together thought leaders from industry, government, and academia to discuss current […]

Tullow Announce Trading Statement & Operational Update

Tullow Announce Trading Statement & Operational Update

June 30, 2016 No Comments

Tullow Oil plc (Tullow) issues this statement to summarise recent operational activities and to provide trading guidance in respect of the financial half year to 30 June 2016. This is in advance of the Group’s Half Year Results, which are scheduled for release on Wednesday 27 July 2016. The information contained herein has not been […]

Saudi Arabia ends its oil war with the US

Saudi Arabia ends its oil war with the US

June 27, 2016 No Comments

Two years after quietly declaring war on upstart US shale, Saudi Arabia says the need for the fighting is over. In remarks to journalists while on a US visit, Saudi Arabian energy minister Khalid Al-Falih said that the worldwide oil glut has vanished, signaling an end to Saudi Arabia’s strategy of flooding the global market […]

Second Militant Group Threatens Niger Delta Oil

June 9, 2016 No Comments

The Ultimate Warriors of the Niger Delta, a new militant group operating from its namesake river delta, is demanding that the Nigerian government give 60 percent of oil and gas revenues to the people native to the Niger Delta region, according to a Wednesday report by Today.ng. The group presented the order as a condition […]

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