Oil and Gas News

Equatorial Guinea grants 2 Years Extension to Oil & Gas Exploration Companies

The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in Equatorial Guinea The…

6 years ago

OPEC Call for Papers on its Energy Review-Journal

The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists…

6 years ago

APICORP CONTRIBUTES $500 MILLION TO MEMBER COUNTRIES TO TACKLE COVID-19 PANDEMIC

Dammam, Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it has launched…

6 years ago

OPEC Says Oil Price May Rise To $40 In Second Half Of 2020

OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns…

6 years ago

Maersk Drilling secures major offshore contract in Africa in Q1 2020

On 14 January, 2020, Maersk Drilling announced that it has been awarded contracts for a three-well exploration drilling project by…

6 years ago

Fugro secures ROV and survey support contract with Global Marine Group

Fugro has secured a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global…

6 years ago

Equatorial Guinea to launch new policies to support E&P companies

JOHANNESBURG, South Africa, -- H.E. Gabriel Mbaga Obiang Lima shares Equatorial Guinea’s plans in working through the current state of…

6 years ago

BP Confirms Plan To Complete Sale Of Alaska Business To Hilcorp By June 2020

BP has confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject…

6 years ago

Uganda to welcome $20 billion FID as Total and Tullow finalizes Farm out Deal

By Ndubuisi Micheal Obineme The Government of Uganda has applauded the agreement reached between Total and Tullow, which will see…

6 years ago

PTI Seek Support From IOCs To Boost Oil, Gas Skills in Nigeria

Petroleum Training Institute (PTI), Effurun, Delta State, is seeking support from International Oil Companies (IOCs) to boost skilled manpower in…

6 years ago

Sebastian Wagner: OPEC still has an important role to play in the Global Oil Market

By Sebastian Wagner JOHANNESBURG, South Africa, -- Scan Western news about OPEC from the last few years and a common…

6 years ago

Equatorial Guinea tackles COVID-19 with New Strategies, Continues Investment Plan for 2020

...The country is projected to be one of the hardest-hit African economies by the global pandemic According to Africa Oil…

6 years ago

BP supercomputer to aid global healthcare researchers to halt COVID-19

HOUSTON – BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by providing…

6 years ago

Shell unveils plan to be a net-zero company by 2050

Royal Dutch Shell has formally announced plans to reduce greenhouse gas emissions to net-zero by 2050. In an update to…

6 years ago

LUKOIL COMMISSIONS DIGITAL SUBSTATION IN PERM REGION

LUKOIL commissioned its first digital power substation at the Chashkinskoye field in Perm Region. The new facility distributes and delivers…

6 years ago

COVID-19 and the Price War: A good time for U.S. Independent Oil and Gas Producers to consider opportunities in Africa

By NJ Ayuk Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered JOHANNESBURG,…

6 years ago

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts CAPE TOWN, South…

6 years ago

South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise the Oil Market

Along with other African producing countries, South Sudan has been a key supporter of the Declaration of Cooperation and OPEC+…

6 years ago

Nigeria will start producing 1.412 to 1.579 million bpd, says minister

By Ndubuisi Micheal Obineme Following the recent OPEC meeting to curtail production, Nigeria's Minister of State for Petroleum Resources, Chief…

6 years ago

G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts

... Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to…

6 years ago

Nigeria, OPEC+ Join Forces to Stabilise Global Oil Markets

By Ndubuisi Micheal Obineme Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance…

6 years ago

OPEC+ agrees to cut down production by 10 million bpd in May 2020

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia, have agreed to cut down production by…

6 years ago

President Lourenço Re-Appoints Diamantino Pedro Azevedo as Mineral, Petroleum Minister in Angola

LUANDA, Angola - The Angolan and African energy industry has welcomed the reappointment of Diamantino Pedro Azevedo as Minister of…

6 years ago

West African Countries among the most hard-hit amid Covid-19 and low oil price, report says

According to African Energy Chamber analyses, Angola, Senegal, Cameroon, Ghana, and Nigeria are among the most hard-hit amid COVID-19 pandemic…

6 years ago

Concordia Damen to build new training vessel for STC Group

Following a competitive European tender process, Concordia Damen has been nominated to build a new training vessel for the STC…

6 years ago

Woodside gets approval for its Scarborough project in Commonwealth waters

Woodside has achieved an important regulatory milestone for its Scarborough gas development offshore Western Australia. The National Offshore Petroleum Safety…

6 years ago

NCDMB Sets New Target for NOGOF 2021

By Ndubuisi Micheal Obineme The maiden edition of the Nigerian Oil & Gas Opportunity Fair (NOGOF) was held in 2017…

6 years ago

NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) has officially announced that it will expand its domestic gas footprint with the delivery…

6 years ago

NLNG to increase domestic supply of LPG to 350,000MT in 2020

The Nigeria LNG Limited has said it supplied 275,000MT of Liquefied Petroleum Gas (LPG) to the domestic market in 2019.…

6 years ago

Oil and Gas as an Enabler for Economic Transformation in Sub-Saharan Africa

By Ndubuisi Micheal Obineme Petroleum Technology Association of Nigeria (PETAN), and Global Event Partners (GEP), has made it possible for…

6 years ago