Blog - Page 57 of 123 - Ibe Kachikwu

17th May 2021

Occidental to Become a Carbon Management Company by 2023 with Intended ‘DAC’ Plant

In America's biggest oilfield, the Permian Basin, Occidental Petroleum Corp. is planning to build the world's first large-scale Direct Air Capture (DAC) plant that will lower emissions of the primary greenhouse gas responsible...

16th May 2021

Seadrill Joint Venture Secures Contract for the Quenguela Drillship Offshore Angola

Seadrill has announced that Sonadrill, a joint venture between the state-owned oil company of Angola and the owner of Sonangol Libongos and Sonangol Quenguela drillships, Sonangol, and extensive drilling expert,...

14th May 2021

Nigeria Exceeds OPEC+ Quota for April; to Compensate before end of September

Nigeria exceeded the April production quota set by the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) by 84,000 barrels per day, producing 1.6 million barrels per day...

13th May 2021

Nigerian Heirs Oil & Gas Appoints New CEO and Additional Board Members

The sole operator of OML 17 in Nigeria Delta, Nigeria, and a subsidiary of Heirs Holdings Limited (HH), Heirs Oil & Gas (HHOG), has announced the appointment of Osayande Igiehon...

13th May 2021

Zenith Energy Completes the Acquisition of Candax Energy’s Interest in Tunisian Assets

Zenith Energy has announced that its fully-owned subsidiary, Compagnie Du Desert (‘CDD’), has completed the acquisition of a 100% interest in the fully owned subsidiary of Candax Energy in Barbados,...

12th May 2021

PGS to Provide Modern MultiClient Seismic Data for Egyptian Offshore Licensing Round

Following the Egyptian Ministry of Petroleum's announcement of an Offshore Licensing Round in a highly prospective area of the eastern Mediterranean, Petroleum Geo-Services (PGS) has announced that it has 3,400...

11th May 2021

DMRE South Africa Announces Reduction of Petrol Price for May

The Department of Mineral Resources and Energy, South Africa, has announced that the price of petrol will reduce by nine (9) cents a litre in May. The reason for this...

11th May 2021

Nigerian UTM Offshore to Sign Pre-FEED Contract for its LNG Plant with JGC Corporation

Indigenous oil and gas company, UTM Offshore, has commenced the development of its 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant with the Pre-Front End Engineering...

11th May 2021

OPEC Discusses Impact of COVID-19 Surge in India in latest MOMR; 2021 Demand Forecast Unchanged

In the latest edition of the Organisation of Petroleum Exporting Countries’ Monthly Oil Market Report (MOMR), the Group did not change its projected global oil demand forecast for 2021 due...

9th May 2021

Panoro Energy Says DHIBM-2 Extension Well Found no Hydrocarbon Reserve

Panoro Energy has announced that the Borr Norve jack-up rig that is currently drilling the DHIBM-2 Hibiscus Extension well has drilled through the main targeted Gamba sandstone in a structurally...