Uncategorised Archives | Page 52 of 119

26th May 2021

In a historic AGM, ExxonMobil Loses Two Board Seats to Activist Investor

ExxonMobil, America's largest oil firm, lost two (2) board seats to Engine No. 1's nominated directors, an activist investor. The hedge fund intended to remove four directors from the board...

25th May 2021

Dana Gas Searching for Financing Partner to Drill Thuraya Prospect in Egypt

Dana Gas, the operator of Block 6 off the coast of Egypt, is looking for a financial partner to help fund the exploration of a "primary" prospect in the Block...

25th May 2021

Nigeria to Award 45 Gas Flare licenses in June

As part of its efforts to end gas flaring in Nigeria and increase its gas footprint, the Federal Government of Nigeria will grant 45 licenses to qualified bidders in June...

24th May 2021

Oil Prices Rose on Monday Amid European Economies’ Reopening

Oil prices rose on Monday, May 24, 2021, kicking off the week on a positive note and continuing the steady recovery of oil prices as major economies across Europe reopen...

24th May 2021

Baker Hughes and Petrojet Have Signed an Agreement to Cooperate in Egypt

Baker Hughes and Egypt's Petrojet have signed a memorandum of understanding (MoU) to expand their collaboration in the areas of supplying specialised petrochemicals including well efficiency, petrochemical transportation, warehouse tests, sulfur...

22nd May 2021

Seplat Petroleum Development Company to Change its Name to “Seplat Energy Plc”

At the annual general meeting of Seplat Petroleum Development Company Plc that held in Lagos, Nigeria, on 20th May 2021, shareholders of the company approved the change of name to...

22nd May 2021

Sonatrach and Sinopec Sign MoU to Strengthen Partnership on Zarzaitine, Algeria

The Algerian oil company, Sonatrach, and its Chinese partner, Sinopec, have signed a memorandum of understanding (MoU) to show the commitment of both parties to consolidate their existing relations, to...

21st May 2021

Total to Change its Name to “Total Energies”

At the 5th Sub Saharan African International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PTAN), the Chief Executive Officer of Total, Mike Sangster, disclosed...

21st May 2021

Vaalco Records Production Increase in Q1 2021; Set to Drill Two Wells and Appraise Two Potentials

After a massive increase of 113% of the oil produced and sold in the first quarter of 2021 compared to the same period in 2020, Houston-based oil company, Vaalco, is...

20th May 2021

ANGOLA: Eni and bp Sign MoU to Collaborate on Development of Angolan Upstream Sector

Italian oil and gas company, Eni, and British Petroleum (BP) have announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their...