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Oil And Gas
Shell completes sale of its stake in Iraq’s West Qurna 1 oil field
Shell EP Middle East Holdings B.V. has completed the sale of the entire share capital of Shell Iraq B.V (SIBV), which held its…
Shell to sell its stake in Iraq’s West Qurna 1 Oil Field
Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6%…
OPEC to hold 7th International Seminar in Austria
The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg…
Shell gives profitable growth outlook as Downstream business transforms
London, – Royal Dutch Shell plc (Shell) today updated investors on its Downstream growth ambitions, underlining the important role…
Kachukwu, Baru to lead discussions at Sub-Sahara Oil and Gas Summit 2018
The Minister of State for Petroleum, Dr. Ibe Kachikwu together with the Group Managing Director, Nigerian National Petroleum…
Shell announces sale of New Zealand interests to OMV for USD 578mln
Royal Dutch Shell plc (Shell), reached an agreement today to sell its shares in Shell entities in New Zealand, to OMV for USD…
World’s largest oil and gas conference, OTC celebrates its 50th Edition
World’s largest oil and gas conference and exhibition marks a milestone
in technical achievements and innovations
Houston, Texas,…
Mountain hares in the Alps threatened by climate change, study says
Bern - Climate change is endangering the future of mountain hares in the Alps, and their decline will impact other animals,…
Indonesia Eyes More Nigerian Crude Oil
Nigerian crude oil has again proved its enormous prospects as the beautiful bride of the global oil market with Indonesia…
OPEC daily basket price drops to $61.85 per barrel
The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $61.85 a barrel on Thursday,…
Total Closes the Maersk Oil Acquisition Deal
Paris - Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1…
Shell makes effort to ensure environmental sustainability in Nigeria
Shell Petroleum Development Company, SPDC has made concerted effort to ensure environmental sustainability through risk and impact…
NCDMB begins construction of Nigerian Oil and Gas Park in Cross River State
The Nigerian Content Development and Monitoring Board (NCDMB) has begun the construction of the Nigerian Oil and Gas Park at…
Nigerian oil marketers withdraw ultimatum given to FG
Oil Marketers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Oil Marketers…
US threat of tax on EU cars affects German car industry
Frankfurt (dpa) - German carmaker BMW's shares fell by 1.17 per cent on Monday after US President Donald Trump threatened to…
Germany presses charges in case of kidnapped Vietnamese oil executive
Karlsruhe, Germany - German public prosecutors have pressed kidnapping charges against a 47-year-old Vietnamese man for the…
Chlorine gas accident at German pool leaves 40 injured
Karlsruhe, Germany - A release of chlorine gas left 40 people injured at a clinic swimming pool in Germany's south-western state…
Total acquires a 16.33% stake in the Waha Concessions in Libya
Paris - Total has acquired Marathon Oil Libya Limited which holds a 16,33% stake in the Waha Concessions in Libya. This…
German cities clear to ban diesel vehicles after high court ruling
Leipzig, Germany - Environmental bans on diesel-powered vehicles are legal in German municipalities, a top German court ruled on…
Aker Solutions Wins Subsea Order for Nova Project
Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the…
NIPS 2018: Products pricing, Nigeria’s greater challenge – Kachikwu
By Ayobami Adedinni
The Minister of State for Petroleum Resources, Ibe Kachikwu, has described pricing as the nation’s greater…
Oil, gas to provide more than half of the world’s energy needs till 2040 – Barkindo
By Ayobami Adedinni
The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has…
Global energy market forecast favours gas – Tony Attah
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, on Monday, said projections put gas…
OPEC Secretary General Delivers Keynote Speech at Nigeria’s Official Oil & Gas Event,…
Keynote address delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Nigeria International Petroleum Summit,…
NIPS2018: Kachikwu lists new challenges for oil companies to facilitate power, jobs, others
By Ayobami Adedinni
The Minister for State for Petroleum, Ibe Kachikwu has challenged the oil producing companies to face the…
G20 Strengthens Argentine power links with organizations in Africa and North America
Pedro Villagra Delgado was in South Africa and Ethiopia to strengthen relations with African organizations. He also presented the…
Total, Borealis and NOVA Chemicals Forms a joint Venture
Paris/Vienne/Calgary – Total S.A., Borealis AG and NOVA Chemicals Corporation has officially announced that affiliates of the…
NIPS 2018: NNPC Calls for Collaboration among African Countries in Oil Sector
The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and…
Wood wins multi-million dollar five-year contract in Saudi Arabia
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its…
DEA boosts oil and gas production in Egypt
DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq…