Tag Archive

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 […]

African Petroleum provides Corporate Update – The Gambia & Senegal

African Petroleum provides Corporate Update – The Gambia & Senegal

July 20, 2017 No Comments

African Petroleum provides the following corporate update covering its licence interests in The Gambia and Senegal, West Africa: Highlights • Exclusivity Agreement allowed to lapse to enable the Company to engage with other interested parties for the SOSP licence in Senegal and to provide flexibility in government discussions regarding the A1 and A4 licences in […]

Iran Eyes 10 Oil, Gas Deals by March 2018

Iran Eyes 10 Oil, Gas Deals by March 2018

July 17, 2017 No Comments

National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oi land gas fields by the end of the current Iranian calendar year to March 20 2018. Gholamreza Manouchehri, deputy for development and engineering at the NIOC, said on Saturday that the company is preparing […]

ONGC Videsh to acquire interest in License 0037 Offshore Namibia

ONGC Videsh to acquire interest in License 0037 Offshore Namibia

July 14, 2017 No Comments

ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B and related agreements (License) out of Tullow’s existing participating interest of 65% in the […]

Total & Qatar Petroleum start operations on the giant Al-Shaheen oil field

Total & Qatar Petroleum start operations on the giant Al-Shaheen oil field

July 13, 2017 No Comments

Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning July 14, 2017. The field produces 300 thousand barrels of oil per day. The concession will be operated by the North Oil Company (NOC), which was established a year ago as a […]

Fossil fuels continue to dominate U.S. energy mix

Fossil fuels continue to dominate U.S. energy mix

July 4, 2017 No Comments

Fossil fuels have provided more than 80% of total U.S. energy consumption for more than 100 years. Since 1928, when consumption of natural gas surpassed that of biomass, the three fossil fuels—petroleum, natural gas, and coal—have been the most consumed fuels in the United States. In 2016, fossil fuels accounted for 81% of total U.S. […]

ONGC Videsh acquires 30% interest Offshore Namibia

ONGC Videsh acquires 30% interest Offshore Namibia

July 4, 2017 No Comments

ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, on 28th June 2017 for acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B and related agreements (License) out of Tullow’s existing participating interest of 65% in the […]

Indonesia to Build Refinery in Nigeria

Indonesia to Build Refinery in Nigeria

June 22, 2017 No Comments

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with an Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, indicating interest to build a refinery in Nigeria. Mr. Adi Hartadi, the Head of Investor Relations […]

CGG WINS CONTRACT FOR PTT E&P PUBLIC COMPANY LIMITED IN THAILAND

CGG WINS CONTRACT FOR PTT E&P PUBLIC COMPANY LIMITED IN THAILAND

June 20, 2017 No Comments

CGG announced today that PTT Exploration & Production Public Company Limited (PTTEP) has renewed its contract for the dedicated processing center (DPC) CGG has been operating in Bangkok on its behalf since November 2013. The new contract will run for a further three years, from 1 March 2017 to 28 February 2020. The DPC is […]

Hess Announces Positive Liza-4 Results, Offshore Guyana

Hess Announces Positive Liza-4 Results, Offshore Guyana

June 19, 2017 No Comments

Hess Corporation (NYSE:HES) announced it has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries of the past decade, located on the Stabroek Block offshore Guyana. In addition, the company announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, […]

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