Oil and Gas News

AKK Project: President Buhari Shown Dedication to Local Content Development – Oilserv Chairman

The Chairman and Chief Executive Officer (CEO) of Oilserv Limited, Engr. Emeka Okwuosa has said that President Mohammadu Buhari has…

5 years ago

Oilserv to Absorb 3,000 Workers in AKK Project

As President Mohammadu Buhari perform the flag off ceremony of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, Oilserv…

5 years ago

President Buhari Flags-off Construction of 614km Ajaokuta-Kaduna-Kano Gas Pipeline

The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu…

5 years ago

Flag Off of $2.8 Billion AKK Project 95 Percent Ready – Oilserv

Oilserv Limited, one of the companies handling the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline, has said that the preparation for…

5 years ago

Manufacturing Holds Key to Recovery of Oil and Gas Markets, Expert says

Abu Dhabi, UAE – A revival in manufacturing across the world holds the key to the mid-term recovery of oil…

5 years ago

Nigeria Targets $10 Per Barrel Cost of Production by 2021

The Federal Government of Nigeria has made its intention to fix the Unit Operating Cost (UOC) of producing crude oil…

5 years ago

Nigeria reaffirms Commitment to Comply with OPEC+ Production Agreement

Following the conclusion of the OPEC and non-OPEC meeting held on June 6th, 2020, Nigeria has reconfirmed its commitment to…

5 years ago

OPEC Calls on Oil Producers to Adhere to Production Adjustment

The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of…

5 years ago

OPEC+ Extends First Phase Production Adjustment till July 2020

The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on…

5 years ago

Liberia auctions oil blocks online due to Coronavirus outbreak

The Liberian Government is seeking interest from companies on participating in the offshore license round, which was open since April…

5 years ago

Total enters into a giant offshore wind farm project in Scottish North Sea

Paris, – Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1…

5 years ago

Chief Sylva clears air, denies reports that Nigeria is yet to comply with OPEC+ Production Cut

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria…

5 years ago

DPR Launches 2020 Marginal Fields Bid Round

By Ndubuisi Micheal Obineme Victoria Island, Lagos - The Department of Petroleum Resources (DPR), on behalf of the Federal Government…

5 years ago

Templars Provides Innovative Financing Framework for NLNG’s Train 7 Project

By Olagbaju Adefemi Jackson Lagos, NIGERIA, -- Nigeria LNG Limited (NLNG) has secured $3 billion for the development of its…

5 years ago

Total Announces Approval of New Resolutions Proposed By Shareholders

Paris, May 29, 2020 – Total's Shareholders’ Meeting was held as a closed session at the Company’s headquarter, on May…

5 years ago

Chevron Takes Extreme Measures in Response to COVID-19 Pandemic

By Ndubuisi Micheal Obineme Chevron Corporation has officially announced new actions that it will take in response to the COVID-19…

6 years ago

Total Announces Results of the 2020 Capital Increase Reserved for employees

Paris, – In accordance with its policy in favour of employee shareholding, the Board of Directors of TOTAL S.A. decided,…

6 years ago

Nigeria to launch bidding rounds for several oil blocks in 2020

By Ndubuisi Micheal Obineme Chief Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, has said that the country is…

6 years ago

SNEPCo Commences 5th Turnaround Maintenance on Bonga

Shell Nigeria Exploration and Production Company (SNEPCo) has begun the 5th turnaround maintenance at Bonga and its crude oil export…

6 years ago

Oil prices rise as countries relaxed coronavirus restrictions

NEW YORK (Reuters) - Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow…

6 years ago

Apex Industries joins Equal by 30 Campaign

The Equal by 30 campaign aims to have public and private sector commitments to work towards equal pay, equal leadership…

6 years ago

TSAVO Oilfield Services Joins Equal by 30 Campaign

NAIROBI, Kenya, -- In yet another bold move, TSAVO Oilfield Services (TSAVO) becomes a signatory of the Equal by 30…

6 years ago

Nigeria’s PPPRA Clears Oil Marketers to Import Fuel

Private oil marketers have joined the Nigerian National Petroleum Corporation in the importation of petrol, according to VON. The Petroleum…

6 years ago

Nigeria LPG Consumption Exceeds Target in Q1 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) is pleased to announce that the Country has exceeded its Liquefied Petroleum Gas…

6 years ago

Damen delivers complete package for Korean multi-purpose vessel

Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete…

6 years ago

Industry Downturn Creates Opportunities for Local Content in Angola – Expert

LUANDA, Angola, -- With an economic recession expected at -1.4% by the International Monetary Fund (IMF) this year, Angola is…

6 years ago

Total’s Investment Portfolio for Deepwater Projects in Africa Hits $160 billion

By Ndubuisi Micheal Obineme Mr. Mike Sangster, Managing Director, Total E&P Nigeria Limited, has said that Total has made a…

6 years ago

Belarus set to receive first shipment of U.S crudeoil

WASHINGTON (Reuters) - The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made…

6 years ago

NLNG signs EPC Contracts with SCD JV Consortium

Nigeria LNG Limited (NLNG) has signed the Engineering, Procurement and Construction (EPC) Contracts for its Train 7 Project with the…

6 years ago

Eni, SEP to conclude Afina and Sankofa Unitization Agreement in Ghana’s Upstream Sector in August 2020

The conclusion of such an agreement would ensure efficient reservoir exploitation, avoid unnecessary competitive drilling and maximize economic recovery JOHANNESBURG,…

6 years ago