Uncategorised Archives | Page 53 of 119

20th May 2021

Shell in Talks with Nigerian Government Over Onshore Oil Fields in the Niger Delta

With issues such as its spill-prone operations that are not compatible with its plans to go green and to achieve net-zero carbon emissions by 2050, Anglo-Dutch company, Royal Dutch Shell...

19th May 2021

Equinor and Sonatrach Sign E&P MoU; Impact Oil & Gas Completes Farm-in in South Africa

Norway's Equinor and Algerian state-owned oil company, Sonatrach, have signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and abroad. The...

19th May 2021

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...

18th May 2021

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...

17th May 2021

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...

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,...