Oil and Gas News

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…

8 years ago

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,…

8 years ago

‘Gas should not be seen as a source of immediate tax revenue but rather an enabler of the entire Nigerian economy’ – Thomas

The President, Nigerian Gas Association,(NGA) and Chief Executive Officer, Frontier Oil Ltd, Engr. Dada Thomas on the sideline of the…

8 years ago

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…

8 years ago

Lufthansa operates all-female flight on International Women’s Day

Frankfurt  - On International Women's Day, female passengers on flight LH 174 from Frankfurt Airport received more than just red…

8 years ago

The G20 aims at cooperation to reduce excess steel capacity

The Global Forum on Overcapacity Steel G20 concluded the first meeting of the year in Paris, France. The objective of…

8 years ago

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 assessment on the…

8 years ago

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…

8 years ago

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 Association…

8 years ago

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…

8 years ago

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 abduction of a…

8 years ago

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…

8 years ago

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.…

8 years ago

Workers at three German nuclear power plants stage one-day walkout

Hanover, Germany (dpa) - Workers at three power plants in north-western Germany are staging a day-long walkout to apply pressure…

8 years ago

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 Tuesday,…

8 years ago

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…

8 years ago

Shell sees potential LNG supply shortage as global demand surges

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by…

8 years ago

Replicate NLNG model to increase gas sector opportunities – NLNG Deputy MD

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Sadeeq Mai-Bornu, on Tuesday, said the NLNG business model needs to…

8 years ago

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 challenge…

8 years ago

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 said Oil and…

8 years ago

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…

8 years ago

OPEC Secretary General Delivers Keynote Speech at Nigeria’s Official Oil & Gas Event, NIPS 2018

Keynote address delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Nigeria International Petroleum Summit, 19 February 2018, Abuja, Nigeria.…

8 years ago

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…

8 years ago

Energy is central to sustainable development, one of the priorities of the G20 – Mauricio Macri, Argentina President

President of Argentina has stressed the importance of renewable energies, focus area energy transitions G20. President of Argentina, Mauricio Macri,…

8 years ago

Report: 770 million euros more needed for Berlin’s new airport

Berlin  - The scandal-plagued Berlin Brandenburg Airport (BER) project will need an additional 770 million euros before take-off, public broadcaster…

8 years ago

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 three companies have…

8 years ago

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 gas…

8 years ago

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…

8 years ago

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…

8 years ago

GE to Increase Output and Reliability of SPDC’s Afam VI plant in Nigeria

GE’s Services Agreement to Provide Total Plant Solutions for the 650MW Afam VI Combined-Cycle Plant GE’s MXL2 Upgrade Will Add…

8 years ago