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…
Browsing Tag
Oil and Gas News
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), some…
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…
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 Barents…
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…
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…
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 run through existing…
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 energy event in…
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 natural gas…
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…
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 Nigeria’s…
African energy ministers to meet Private Sector players at NIPS to discuss key oil and gas projects…
By Ndubuisi Micheal Obineme
From 19th – 23rd February 2018, Africa ministers in charge of petroleum and energy, chief executives…
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…
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 a unique…
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…
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…
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 at the…
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 companies in…
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…
OPEC World Oil Outlook Forecasts Oil Will Supply 27% of World’s Energy Needs in 2040, Natural Gas…
The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over the next two…
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…
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),…
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…
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…
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…
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…
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 the first-ever…
Site Visit: Nigerian industry professionals visits ExxonMobil’s Training Centre in Akwa Ibom…
By Ndubuisi Micheal Obineme
ExxonMobil is achieving industry-leading support throughout Nigeria by maintaining a focus on the…
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…
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…