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Oil And Gas
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…
BMW sales lag those of Mercedes and Audi in January
Munich - Upmarket German carmaker BMW aims to regain the sales top spot that it ceded to rival Mercedes in 2016, the Munich-based…
Aker Solutions to Deliver Modules for Johan Castberg FPSO
Aker Solutions will as a subcontractor of Kvaerner deliver modules for the floating production, storage and offloading (FPSO)…
Dangote refinery engineers promise to end fuel scarcity in Nigeria
The engineers described their experience as second to none in the history of Nigeria oil and gas sector
LAGOS, Nigeria, --…
Total strengthens its position in the Mediterranean region
Paris - Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon have signed two…
Kaspersky Lab uncovers vulnerabilities that make gas stations exposed for hackers
Kaspersky Lab experts found the controller during unrelated research into devices with open connections to the internet…
NNPC Mulls PPP Arrangements for Construction of Oil, Gas Pipelines
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the new Board of…
Total acquires two exploration licenses offshore Guyana
Paris, — Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the…
Nigeria’s oil industry records a new milestone as Total’s Egina arrives in Lagos
The Nigerian National Petroleum Corporation, NNPC, Total Upstream Nigeria Limited, TUPNI and her partners happily announce the…