Oil News - from the grapevine!
Tuesday, March 16th, 2010
Jordan's imports of fuel dropped by slightly in January and reached JD144.3 million, compared with JD145.1 in the same month of 2009, official data showed Monday. Jordan's imports of crude ...
Tuesday, March 16th, 2010
The Natural Resources Authority NRA on Tuesday said it had passed to the government a memorandum of understanding reached with a Canadian firm expressing its willingness to explore oil in ...
Tuesday, March 16th, 2010
OPEC members have agreed a consensus to keep output unchanged at tomorrow's meeting in Vienna, Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah said today.
He added that OPEC would ask for ...
Tuesday, March 16th, 2010
CEO Peter Voser continues his restructuring after cutting 5,000 jobs within weeks of his appointment as CEO last year, he announced today that he's going to cut another 2,000 and ...
Tuesday, March 16th, 2010
Wah Seong Corp., Malaysia’s third- biggest oil and gas services provider, is in talks to acquire a pipe-coating business in Nigeria to tap demand for its products amid increased exploration. ...
Tuesday, March 16th, 2010
Bombings in the oil-rich south were a signal from insurgents who have slashed Nigeria's oil production that a fragile summer cease-fire is over while the country grapples with ethnic massacres ...
Tuesday, March 16th, 2010
‘’The deceit of endless dialogue and conferences will no longer be tolerated’’
Nigeria Today Online has received an email from MEND claiming responsibility for the bomb attack in Warri and ...
Tuesday, March 16th, 2010
Dr Kwame Ampofo, Acting Managing Director of the Tema Oil Refinery (TOR), on Monday assured Ghanaians that everything possible was being done to get adequate supply of Liquefied Petroleum Gas ...
Monday, March 15th, 2010
Nigerian National Petroleum Corporation (NNPC) has begun talks with foreign investment banks on funding options, bearing in mind its proposed new role as a commercially viable company rather than ...
Monday, March 15th, 2010
Saudi Arabia announced plans to develop the supergiant Manifa oil field, its largest offshore oil development ever, officials said.
The Manifa oil field in the waters of the Persian Gulf holds ...
Monday, March 15th, 2010
The United States (US) Government on Saturday, presented four speed patrol boats to the Ghana Navy, to help ensure maritime safety and security. Ms Julie Furuta-Toy, Deputy Chief of Mission ...
Monday, March 15th, 2010
Two multi-national oil field service providers- Africa Oilfields Service Limited (AOS) and Orwell International (Oil&Gas) Limited, have committed $5million worth of equipment to Ghana's oil and gas industry. The two ...
Monday, March 15th, 2010
Kuoro Richard Babini Kanton VI, Paramount Chief of Tumu Traditional Area, in the Upper West Region, has cautioned smugglers of petroleum products in the area, to desist from the practice ...
Saturday, March 13th, 2010
Shell said Thursday it had closed down two gas plants feeding Nigeria's power stations so that it could carry out repairs on a damaged supply pipeline in the restive oil-producing ...
Saturday, March 13th, 2010
A Japanese energy trading firm has taken up a strategic partnership role in Nigeria's Brass Liquefied Natural Gas (LNG) project, Nigeria's Acting President Goodluck Jonathan said on Thursday. The project ...
Saturday, March 13th, 2010
Italian oil and gas company Eni cut its 2009 net profit to 4.37 billion euros, saying it had set aside 250 million euros for possible charges resulting from a Nigeria ...
Friday, March 12th, 2010
Kuwait's Supreme Petroleum Council (SPC), the country's highest oil policy body, has proposed merging state oil firms into one entity, according to a local newspaper report.
Kuwait Petroleum Corp (KPC) is ...
Friday, March 12th, 2010
A world class oil processing and storage vessel required for the giant Jubilee oil field will arrive in Ghana in June ahead of commencement of production in the last quarter ...
Friday, March 12th, 2010
We have undertaken projects for the world's leading corporations across the continents of the world. In spite of there being increased pressure on time and delivery costs, we have met ...
Thursday, March 11th, 2010
Joint Bilateral Cooperation talks between Nigeria and Namibia will hold in Windhoek later in the year.
It was learnt yesterday that this was aimed at further strengthening bilateral relations between ...
Thursday, March 11th, 2010
The Church of England's two biggest investments, totalling in excess of £200 million, are in the oil companies Shell and BP. The Church also has a major investment in Exxon ...
Thursday, March 11th, 2010
The management of Ghana National Petroleum Corporation (GNPC) is still in discussion with management of Kosmos Energy over the purchase of its stake in the Jubilee oil field, GNPC Managing ...
Thursday, March 11th, 2010
Vice President John Dramani Mahama has returned from South Korea, where he led a bi-partisan delegation to sign a 10 billion- dollar Memorandum of Understanding on behalf of Ghana for ...
Thursday, March 11th, 2010
President John Evans Atta Mills has reiterated his government's commitment to invest oil inflows from the giant Jubilee field production in critical infrastructure projects, to propel national development for the ...
Thursday, March 11th, 2010
Nigeria may seek to increase its OPEC oil production quota if output remains free from militant disruption, an official from state-owned Nigeria National Petroleum Corp. said today. Attacks by armed ...
Thursday, March 11th, 2010
A Nigerian court upheld an order for Statoil ASA to set aside revenue from its offshore Agbami oil field following a compensation claim from a former adviser. The Federal ...
Thursday, March 11th, 2010
Nigeria's fuel importers claim the government owes 880 billion naira ($6 billion) in subsidies accrued over the past five years, highlighting the urgent need for deregulation, the finance minister said ...
Tuesday, March 9th, 2010
Nineteen major energy companies reported almost a 300-percent increase in net income relative to the fourth quarter of 2008 (Q408). However, net income during the fourth quarter of 2009 (Q409) ...
Tuesday, March 9th, 2010
Chevron has acquired exploration rights for four shale gas concessions in southeastern Poland, the U.S. oil giant said in a recent SEC filing, joining other international companies in the hunt ...
Tuesday, March 9th, 2010
Participants at the Volta Regional forum on management of expected revenue from Ghana's emerging oil industry, organized on Wednesday at Ho, called for effective handling of information on the sector. ...
Tuesday, March 9th, 2010
Technip has won a flexible pipe supply contract with China National Offshore Oil Corporation for the Lufeng oilfields in the China Sea.
Technip's operating centre in Kuala Lumpur, Malaysia, ...
Tuesday, March 9th, 2010
Yemen's Push Into the Gas Sector Fails to Stimulate Great Excitement and Raises Disturbing Questions
With Yemen’s oil revenues plunging, the government’s push into the gas market seemed like an economic ...
Tuesday, March 9th, 2010
Planted explosives damaged a Royal Dutch Shell PLC oil flow station in the Niger Delta, a company spokesman said Wednesday, marking the latest attack in a region supposedly brought under ...
Tuesday, March 9th, 2010
The Board of Brass LNG Ltd yesterday in London, approved the launching of the Invitation to Tender (ITT), a technical instrument that opens the lead for contractors to fully ...
Tuesday, March 9th, 2010
Losses and liabilities totalling more than 2.5 billion dollars are pushing Nigeria's giant state oil firm NNPC towards extinction, Oil Minister Rilwanu Lukman warned on Friday.
The Nigerian National Petroleum Corporation ...
