Oil and Gas News

Shell receives Nigerian local content award from PETAN

The Petroleum Technologies Association of Nigeria (PETAN) has honoured Shell companies in Nigeria with the Aret Adams Award for Excellence…

8 years ago

EGINA Project to be Completed within Initial Budget; Sets New Local Content Records

The Egina field was discovered by Total Upstream Nigeria Limited (TUPNI) in 2003 within the Oil Mining Licence 130 (OML130),…

8 years ago

ExxonMobil Trains Nigerian Graduates To Acquire Oil & Gas Skills

By Ndubuisi Micheal Obineme ExxonMobil Training Centre in Eket, Akwa Ibom State, is currently offering Nigerian graduates the opportunity to…

8 years ago

Aker Solutions Wins Johan Castberg Orders Worth About NOK 4 Billion

Aker Solutions won key work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian…

8 years ago

How Nigeria can benefit from OPEC’s production exemption – Kachikwu

Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has explained how Nigeria can maximise its current exemption from…

8 years ago

SNEPCo connects Nigerian and Chinese suppliers through Global Nigeria Forum

More than 20 Nigerian and 60 Chinese suppliers met in a strategic sourcing development forum in Shanghai mid-November in the…

8 years ago

Statoil to focus exploration on home turf in 2018 to curb risk

Norway’s Statoil ASA will focus exploration on its home turf next year as it seeks more oil and gas to…

8 years ago

Participate in North America’s leading energy event, Global Petroleum Show

Global Petroleum Show | June 12 – 14, 2018 | Calgary, Canada Global Petroleum Show (GPS) is the most important…

8 years ago

US LNG exports boost interest in Natgas futures

Reuters are reporting that a surge in speculative interest in the US LNG export boom has pushed open interest in…

8 years ago

Hungarian Government to buy Nigerian crudeoil and LNG

At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase…

8 years ago

NIPS 2018 to address Nigeria’s potential to become international gas hub

By Ndubuisi Micheal Obineme An event taking place in Nigeria from 19th – 23rd February 2018 is set to explore…

8 years ago

African energy ministers to meet Private Sector players at NIPS to discuss key oil and gas projects in the continent

By Ndubuisi Micheal Obineme From 19th – 23rd February 2018, Africa ministers in charge of petroleum and energy, chief executives…

8 years ago

Total begins oil production on the giant Libra field, offshore Brazil

Total announces first oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the…

8 years ago

Maersk Drilling signs five years alliance agreement with Aker BP

Maersk Drilling has entered into a jack-up alliance agreement with Aker BP ASA (Aker BP). The alliance is founded on…

8 years ago

Damen launches New Fishery Research Vessel for Angola

Damen Shipyards Galati launched a Fishery Research Vessel (FRV) 7417 for the Angolan Ministry of Fisheries. The sponsor of the…

8 years ago

Aker Solutions to Provide Umbilicals for Three Offshore Norway Field Developments

Aker Solutions won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway. The…

8 years ago

GE to upgrade Azito Power Plant in Ivory Coast, helping the country to meet its electricity needs

GE’s Power Services business has announced that it has signed an agreement with Azito Energie  to upgrade two gas turbines…

8 years ago

ADIPEC 2017: Businesses Urged to be ‘Radical’ in How They Organise Their Defences

Abu Dhabi, UAE –  Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, yet…

8 years ago

China Close to Becoming Second-Largest LNG Importer, After Japan

Abu Dhabi, UAE - Growing demand from Asia, and particularly from China, will underpin market growth for liquified natural gas…

8 years ago

OPEC World Oil Outlook Forecasts Oil Will Supply 27% of World’s Energy Needs in 2040, Natural Gas 25%

The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over…

8 years ago

Ecobank Group Launches Fixed Income, Currency and Commodities (FICC) Guidebook

The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on…

8 years ago

Key dynamics revolutionising Nigerian local content took centerstage at Total’s Egina FPSO

By Ndubuisi Micheal Obineme The Total's Egina FPSO project is being undertaken by Korea-based Samsung Heavy Industries (SHI), with LADOL…

8 years ago

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