Oil Prices Topped $70 for the First Time Since March
For the first time since March 2021, oil prices rose to $70 per barrel following the re-openings of European and U.S. economies and expected rise in demands. The British economy...
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AGIP Shuts Down Oilfield in Bayelsa Due to Leakage
Last week, the Nigerian Agip Oil Company (NAOC) confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni, Yenagoa Local Government Area of Bayelsa State, which caused...
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Nigerian State-owned Refineries Processed no Crude Oil in January 2021
In the latest published financial and operations report by the Nigerian National Petroleum Corporation, NNPC, the three state-owned refineries did not refine any crude oil in January 2021. The refineries...
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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...
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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,...
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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...
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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...
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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,...
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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...
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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...
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