Tag Archive

NNPC Calls for Simplified Fiscal Terms

NNPC Calls for Simplified Fiscal Terms

June 5, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to consider simplifying the fiscal provisions in the Petroleum Industry Fiscal Bill (PIFB) to ensure easy implementation of the law. Group Managing Director of the corporation, Dr. Maikanti Baru, made this submission during the Senate Joint Committee Public Hearing on the Petroleum Industry Fiscal Bill […]

18th Annual Qatarization Review meeting

18th Annual Qatarization Review meeting

May 3, 2018 No Comments

His Excellency Dr. Mohammed bin Saleh Al-Sada, the Minister of Energy and Industry, presided over the Energy and Industry Sector’s 18th Annual Qatarization Review meeting, which was held on Monday, April 30th. The meeting was attended by Mr. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum, along with senior executives and representatives from the […]

Eni Announce first quarter 2018 results

Eni Announce first quarter 2018 results

April 30, 2018 No Comments

Eni’s Board of Directors approved the Group results for the first quarter of 2018 (unaudited). Commenting on the results, Highlights Exploration & Production Strong growth reported in hydrocarbon production: up by 4% q-o-q at 1.87 million boe/d, in line with the FY 2018 guidance. Net of price effects in PSAs, the growth rate was 4.4%; […]

US Federal Energy Regulatory Commission Notice of Proposed Rulemaking on the Tax Cuts

US Federal Energy Regulatory Commission Notice of Proposed Rulemaking on the Tax Cuts

March 16, 2018 No Comments

Kinder Morgan, Inc. (NYSE: KMI) released the following statement following the announcement by the Federal Energy Regulatory Commission (FERC): Kinder Morgan is aware of the FERC announcement today of a notice of proposed rule-making (NOPR) on the impact of the Tax Cuts and Jobs Act on FERC-regulated rates for natural gas and oil pipelines. As […]

Greater Grosbeak Area drilling

Greater Grosbeak Area drilling

January 29, 2018 No Comments

Wellesley Petroleum AS (“Wellesley” or “The Company”) announced an agreement with Transocean for a three-firm slot contract with the Transocean Arctic semi-sub rig. The commencement date for the contract is 1st June 2018. The rig will be employed on an exploration drilling campaign in the Måløy Slope area of the Northern North Sea (blocks 35/11 […]

Petroleum Industry Governance Bill (PIGB)

Petroleum Industry Governance Bill (PIGB)

January 19, 2018 No Comments

The Nigerian Federal House of Representatives this week finally passed the long-awaited Petroleum Industry Governance Bill (PIGB) into law. The bill, passed by the Representatives, is the same one as the Senate passed last year, after review processes of at least six months. It provides for the governance and institutional framework for the petroleum industry […]

NNPC Assures of Petroleum Products Supply Nationwide

NNPC Assures of Petroleum Products Supply Nationwide

December 19, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other petroleum products consumers not to engage in panic buying. NNPC wishes to state that relevant government agencies are in consultation with industry unions to arrive at an amicable resolution of issues over which there are threats of industrial action. NNPC warns marketers not to […]

Suncor Energy and PetroNor announce agreement

Suncor Energy and PetroNor announce agreement

November 4, 2017 No Comments

Suncor and PetroNor announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec. Owned and operated by the James Bay Crees, PetroNor services commercial, industrial, aviation, mining and residential clients. PetroNor’s technical expertise and logistics capabilities have helped them support […]

NOVATEK Reports Preliminary Operating Data for Nine Months 2017

NOVATEK Reports Preliminary Operating Data for Nine Months 2017

October 16, 2017 No Comments

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported preliminary operating data for the nine months 2017. NOVATEK’s marketable hydrocarbons production totaled 374.7 million barrels of oil equivalent (boe), including 46.03 billion cubic meters (bcm) of natural gas and 8,806 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons production […]

Quick Facts for American Islands

Quick Facts for American Islands

September 22, 2017 No Comments

American Samoa, Florida, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands State Energy Profiles has been updated with new monthly data, including series for electricity, petroleum, natural gas, and coal. Activities covered by those series include prices, supply, and consumption. In addition, new annual data are available for rotary rigs, as […]

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