Oil and Gas News

How Nigerian oil and gas sector performed in 2017

Crude oil, being the major source of foreign exchange for the survival of the economy, recorded marginal increase amid uncertainties…

8 years ago

Nigeria’s Bonny Light crude oil hits $67.10 per barrel

The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members…

8 years ago

U.S. New report Shows ​HUGE Increase in Recoverable Energy Resources in Alaska

17.6 Billion Barrels of Oil, 50 Trillion Cubic Feet of Gas​ Secretary Zinke praises scientists at BOEM and USGS who…

8 years ago

Nigeria: NNPC, DPR Clampdown on Seven Illegal Filling Stations in Abuja

…Dispense Free Fuel to Abuja Motorists In a bid to curb diversion of Premium Motor Spirit (petrol) by unscrupulous marketers,…

8 years ago

Nigeria: Green Energy gets license to build LPG extraction plant in Rivers State

The Department of Petroleum Resources (DPR) has approved for the operator of the Otakikpo marginal field in Oil Mining License…

8 years ago

Fugro’s oil seepage mapping collaboration wins Environmental Leadership Award

Fugro has been honoured with an Environmental Leadership Award from The Maritime Alliance, a California-based non-profit organisation that promotes sustainable,…

8 years ago

Austria sets new record for Russian gas imports in 2017

A meeting was held between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took…

8 years ago

PPL Electric workers Travel to Puerto Rico to restore power knocked out by Hurricane Maria

ALLENTOWN, Pa., -- PPL Electric Utilities began moving its trucks and equipment as the first step in sending repair crews…

8 years ago

Nigeria approves US$2.8 billion gas pipeline project

The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline…

8 years ago

Rivers State Government and Shell sign MoU on Gas Supply to Industries

The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of…

8 years ago

Four Shell staffs receives Nigerian Society of Engineers recognition

Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, and three other senior engineers with Shell companies…

8 years ago

Oil & Gas Contractor Awards hits US$31.06 Bn in the GCC energy sector

According to Ventures Onsite Report, the second half of 2017 witnessed contractor awards worth US$31.06 Bn. (as of 15 December) in the…

8 years ago

Nigeria’s Power Sector Records New National Peak of 5,222.3MW

…. Clear Stranded Equipment Containers at the Ports The Nigerian Power industry has achieved yet another national peak of 5,222.3MW…

8 years ago

Fugro’s AUV technology discovers Australia’s lost naval submarine since first world war

Fugro’s role in the expedition to find HMAS AE1 has helped to solve Australia’s oldest naval mystery, 103 years after…

8 years ago

Russian and South Korean experts begins a joint study to safeguard gas transmission systems in harsh environment

A meeting of the group for scientific and technical cooperation between Gazprom and South Korea’s KOGAS took place from December 13 to 15 at…

8 years ago

Gazprom connects another pipeline route of Russian gas supplies to China

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors…

8 years ago

Statoil to expand Snorre oil and gas field in the Norwegian Sea

Statoil, on behalf of the Snorre Unit partners, has submitted a new plan for development and operation (PDO) of the…

8 years ago

BP owns the largest operated renewables business in the energy industry

BP have the largest operated renewables business among other oil and gas peers. The company have been producing renewable energy…

8 years ago

Nigeria: NNPC Signs MOU with Benue State on Bio-Fuels Project

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the corporation doubled the…

8 years ago

Nigeria International Petroleum Summit to Shape Global Energy Demand

H.E. Muhammadu Buhari, President, Federal Republic of Nigeria to deliver keynotes address  Lagos, Nigeria – 21 December 2017: The global…

8 years ago

OPEC countries require $10.5 trillion to meet oil demand – Barkindo

Members of the Organization of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet…

8 years ago

Nigeria: NNPC to build three power plants with 4600MW

The Nigerian National Petroleum Corporation (NNPC) has announced that it will build three power plants with 4600MW, in the northern…

8 years ago

President of Sierra Leone inaugurates Solar Park Freetown Project

Together with the Project Management and Contractor, the project total costs have also been reduced from the initial USD18 million…

8 years ago

Aker Solutions Wins Modifications Contract From Maersk Drilling

Aker Solutions won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jack-up rig for…

8 years ago

Nigerian engineer, Monday Eyoh unveils new 3D printer, produced from waste materials

By Ndubuisi Micheal Obineme   Wisdom Monday Eyoh is a graduate of Mechanical Engineering from University of Uyo. He specializes…

8 years ago

Dr. Ibe Kachikwu to launch ‘Project 100’ for Nigerian Oil & Gas Entrepreneurs

By Ndubuisi Micheal Obineme   The Minister for Petroleum Resources, Dr. Emmanuel Ibe kachukwu, has revealed plans to launch Project…

8 years ago

Brazil: Total Launches Large-Scale Development of the Giant Libra Field

Paris – Total announces that it has taken the investment decision for the first large-scale development phase of the Libra…

8 years ago

Aker Solutions Wins Orders From Aker BP For Offshore Norway Fields

Aker Solutions won orders from Aker BP for the Skogul and Valhall Flank West oil fields offshore Norway. The company…

8 years ago

Aker Solutions to provide subsea services for Statoil’s oil fields, offshore Norway

Aker Solutions has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The…

8 years ago

Damen Pioneers Shipbuilding and Vessel Supply for the Maritime Industry in Africa

By Ndubuisi Micheal Obineme   Damen is an international shipyard group, operating 33 shipbuilding and repair yards with 9,000 employees…

8 years ago