Oil News - from the grapevine!
Wednesday, October 8th, 2008
Abu Dhabi said it remains committed to long-term projects in its overseas oil investments but would favour low equity in the targeted ventures. The International Petroleum Investment Company (Ipic), the ...
Tuesday, September 23rd, 2008
Royal Dutch Shell has formally signed a joint gas venture with an Iraqi state-owned company estimated to be worth four billion dollars, a top government oil official said on Tuesday. ...
Tuesday, September 23rd, 2008
Guwahati, Sept 23: India's premier exploration firm, Oil and Natural Gas Corporation (ONGC), Tuesday announced Rs.23 billion investment plan to boost crude oil output from oilfields in Assam.
"The prime objective ...
Monday, September 22nd, 2008
M.R.S. Holdings Ltd and Petroci Holdings, through their common subsidiary, Corlay Global S.A., have agreed to buy Chevron Nigeria Holdings Limited after a highly competitive bidding that lasted several months.
Chevron ...
Thursday, September 18th, 2008
***Iran and the United Arab Emirates postponed negotiations on a deal to export natural gas from the Iranian Salman field, citing pricing concerns.
Seifollah Jashnsaz, managing director of the National Iranian ...
Thursday, September 18th, 2008
NIGERIA may soon become a battle field for the European Union (EU) and Russia. The bone of contention is the country’s huge gas resources.
Nigeria, with its 185 trillion cubic feet ...
Wednesday, September 10th, 2008
According to news reports militants in six boats yesterday morning attacked a platform of an oil company, CONOIL Nigeria Plc, near the Funiwa field in Rivers State.Six mobile policemen were ...
Wednesday, September 10th, 2008
Participating countries in the West African Gas Pipeline Project (WAGP) Nigeria, Ghana, Togo, Benin and Ivory Coast - will be meeting in Abuja, Nigeria’s capital, next month with a view ...
Monday, September 1st, 2008
The Nigerian National Petroleum Corporation (NNPC) and ExxonMobil have signed an agreement to establish a natural gas-to-liquid petroleum plant in Nigeria.
"It will fast-track the execution of the project from the ...
Wednesday, August 13th, 2008
Nigerian National Petroleum Corporation (NNPC) yesterday opened discussion with the Iranian Offshore Engineering and Construction Company (IOEC), for provision of offshore and onshore services in the oil and gas industry, ...
Tuesday, August 5th, 2008
Crude continued its downward trend Tuesday
Oil prices fell $2.18 a barrel Tuesday on expectations the economic downturn in the U.S. will erode consumer demand for crude products. Oil prices have ...
Tuesday, August 5th, 2008
Nestoil Group, has signed a multi-billion naira deal with Exxon Mobil, to revamp Exxon Mobil tank farm
One of Nigeria’s leading indigenous Engineering, Construction and Procurement (EPC) Company, Nestoil Group, has ...
Thursday, July 24th, 2008
Agbami oil field is Nigeria's largest deepwater development and lies in OPL Blocks 216 and 217, approximately 220 miles south-east of Lagos and 70 miles offshore of Nigeria, in the ...
Thursday, July 24th, 2008
As CNN Money recently reported, North Dakota--for the first time in 10 years--is suddenly back on the Baker Hughes list of major oil states. The widely respected industry watchdog, which ...
Thursday, July 24th, 2008
>> Highest petrol prices in Europe
In Norway, many motorists are up in arms over why they have to pay the highest petrol (gasoline) prices in Europe when the country is ...
Tuesday, July 22nd, 2008
Eni: Nigerian pipeline Tebidaba-Brass has been restored, works for restarting production have began
With reference to sabotage occurred between 16 and 17 July at Tebidaba flowstation – Brass terminal pipeline, Eni ...
Friday, July 18th, 2008
> Ghana to receive 30 million cubic metres of gas for power generation
Accra, July 17, GNA - Ghana will soon receive 30 million cubic metres of gas from Nigeria for ...
Tuesday, July 15th, 2008
President Bush lifted an executive ban on producing oil from the Outer Continental Shelf (OCS). This means that the only thing standing between the American people and these vast oil ...
Monday, July 14th, 2008
As the world looks for an alternative to Oil, Biofuels are increasingly being sourced as a viable option. It is considered a source of 'renewable energy' The attraction so far ...
Saturday, July 12th, 2008
> High energy prices have allowed exploration companies, including firms in Canada, to expand their efforts.Supply and demand constraints, along with continuing geopolitical tensions and staggering increases in demand from ...
Saturday, July 12th, 2008
The Management of Oil and Gas Development Corporation Limited (OGDC), an international oil managing company operating in Ghana, has applied for an operational licence to design, fabricate and construct a ...
Friday, July 11th, 2008
Rubis has signed an agreement with Shell in view of acquiring the aviation fueling logistics located on the French Antilles and Guyana airports. This move ideally complements Rubis’ fuel distribution ...
Friday, July 11th, 2008
Chevron makes discovery at Iago field
PERTH, Australia -- Chevron Corp. has made a significant gas discovery at Iago field off western Australia, which could help expand its nearby Wheatstone LNG ...
Thursday, July 10th, 2008
The Government of the Emirate of Sharjah and BP Sharjah Limited have concluded a farm-out agreement for 20 years with RAK Petroleum PCL to create a new, 34 sq km, ...
Monday, July 7th, 2008
Algiers, July 6 (Xinhua) The oil prices are likely to increase further, largely due to a weak dollar and geopolitics, Chakib Khelil, president of the Organisation of Petroleum Exporting Countries ...
