Oil and Gas News

ADSB successfully expands into oil and gas industry despite low oil prices

Oil price decline has led to new market opportunity, says CEO Company’s revised strategy turned AED 90.6m (US$24.7m) loss in…

8 years ago

PNC 2017: NCDMB to form alliance with indigenous oil producers in Nigeria

The Nigerian Content Development and Monitoring Board (NCDMB) and the Independent Petroleum Producers Group (IPPG) will collaborate to deepen Local…

8 years ago

PNC 2017: NCDMB allocates $200 million for local content development in Nigeria

The Nigerian Content Development and Monitoring Board (NCDMB) has allocated the total sum of $200m (N61.18bn at the official exchange…

8 years ago

TS&S completes first full overhaul on Siemens Industrial Trent in Abu Dhabi

Milestone completed at state-of-the-art turbine repair facility in Abu Dhabi Abu Dhabi, UAE – Turbine Services & Solutions (TS&S), wholly…

8 years ago

ADNOC to issue the first-ever IPO as part of its 2030 strategy plan

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, has announced ADNOC’s intention to issue…

8 years ago

Site Visit: Nigerian industry professionals visits ExxonMobil’s Training Centre in Akwa Ibom State

By Ndubuisi Micheal Obineme ExxonMobil is achieving industry-leading support throughout Nigeria by maintaining a focus on the fundamentals, selectively investing…

8 years ago

COP23: Biggest challenges facing Africa is the lack of bankable projects, experts says

Experts discussed best practices on renewable project development and identified common obstacles for obtaining financing at a “Private sector engagement:…

8 years ago

Chinese Oil and Gas Industry is Big Business in Abu Dhabi

Chinese Companies Emerges as Global Force Across Exploration and Production, Engineering, Oilfield Services Abu Dhabi, UAE – 8 November 2017…

8 years ago

Total appoints new Senior Vice President, Group CTO, Marie-Noëlle Semeria

Paris - Marie-Noëlle Semeria has been appointed Senior Vice President, Group CTO at Total, effective November 2nd, 2017. Marie-Noëlle Semeria began…

8 years ago

GCC States Must Add Value to Their Oil Wealth, Says Kuwaiti Business Leader

Abu Dhabi, UAE –  GCC states must increase their investment in value-added oil and gas processing to support sustainable, long-term…

8 years ago

World Bank report proof President Buhari administration’s reforms are working, says VP Osinbajo

ABUJA, Nigeria,  -- The Vice President of Nigeria, Professor Yemi Osibajo, says that presidency will make dramatic policy changes in…

8 years ago

Total sells its fuel assets in Italy, focuses on its lubricants business

Paris - Total and Erg have signed an agreement1 with the Italian Group API to sell their fuel marketing and…

8 years ago

Africa unites to attach investment at Africa Oil Week in Cape Town

The key themes discussed were the development of the continents’ oil and gas resources, with a focus on exploration, regulatory…

8 years ago

Africa’s oil & gas industry needs to ‘learn to leapfrog’ and harness innovation and technology to stay ahead of the competition: PwC Oil & Gas review

JOHANNESBURG, South Africa, November 1, 2017/ -- The oil & gas industry in Africa continues to face market challenges arising…

8 years ago

A Catalyst for Change, OGCI announces three investments in low emissions technologies

LONDON, UK, – The Oil and Gas Climate Initiative (OGCI) announces its first three investments, moving forward the organization’s commitments…

8 years ago

Aker Solutions Strengthens LNG Capabilities as Demand Increases

Aker Solutions has hired four leading specialists with extensive experience from executing more than 30 LNG projects globally. Their know-how…

8 years ago

Oil and Gas Professionals Find Global Meeting Point in Abu Dhabi

Abu Dhabi, UAE –  This year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will give oil and gas professionals…

8 years ago

Biggest Non-OPEC Oil Producers Look to Abu Dhabi for New Business

Abu Dhabi, UAE –  Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States (CIS),…

8 years ago

Kosmos Energy Acquires Hess Corp. Assets in Equatorial Guinea

The assets of Hess Corporation (NYSE: HES) (www.Hess.com) in Equatorial Guinea will be acquired by Kosmos Energy (NYSE: KOS) (www.KosmosEnergy.com),…

8 years ago

Hess resolves tax issues with Equatorial Guinea on Ceiba and Okume oilfields

The Ministry of Mines and Hydrocarbons of Equatorial Guinea (http://MMIE.gob.gq), Hess Corporation (http://www.Hess.com) and its license partners have reached a…

8 years ago

NIGERIA HOSTS GLOBAL DOWNSTREAM OIL PLAYERS WITH NEW OPPORTUNITIES IN FOCUS

The key players in the global downstream oil and gas industries will converge in Nigeria from 22 to 25 October…

8 years ago

Shell & MOH Aviation starts supplying jet fuel to Bulgaria’s largest airport

Sofia, Bulgaria –  Shell & MOH Aviation, a JV company between Shell Overseas Holdings Ltd and Motor Oil (Hellas) Corinth…

8 years ago

Sonangol and oil operators meet President of Angola

The meeting follows a statement issued by the operators to the President of the Executive, who have identified several matters…

8 years ago

Total reinforces its exploration activities in West Africa, Guinea

Paris, – Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep…

8 years ago

EnergyNet empowers African students through major industry event

By Ndubuisi Micheal Obineme The Managing Director of EnergyNet has revealed the company's financial supports towards African students looking to…

8 years ago

Total introduces cheaper gas and power distribution tariffs in France

Paris, — Total is expanding in the residential gas and power distribution market in France with the introduction of Total Spring, a…

8 years ago

Siemens signs MoU with Madagascar to fast track power generation

Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Madagascar to cooperate and identify measures to fast…

8 years ago

Renewed Interest in Africa’s Downstream as Europe, Asia and South America set to storm OTL Africa 2017

Buoyed by the boom and impressive return on investments currently being experienced in downstream oil and gas across Africa, investors…

8 years ago

Toshiba completes PDA on Geothermal Power Generation Projects with Turkey’s Zorlu Energy Group

Toshiba Corporation has officially announced that it has concluded a package deal agreement (PDA) with Zorlu Energy Group, an independent…

8 years ago

Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase output…

8 years ago