Uncategorised Archives | Page 54 of 119

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...

8th May 2021

Total begins Production from Zinia Phase 2 on Block 17 in Angola

The operator of Block 17 in Angola, French oil and gas group, Total, and the Angolan National Oil, Gas and Biofuels Agency have announced the start of production from the...

7th May 2021

Shell to Hand Over Tunisian Upstream Concessions by 2022

Oil and gas giant, Shell, has officially informed the Tunisian Ministry of Energy Transition of its decision to hand over the Miskar concession (Gabes) upon the license expiry in June...

7th May 2021

Brent Crude Rises to Almost $70; May Pose Threat to Nigerian Government’s Subsidy Payment

The international oil benchmark, Brent Crude, was just about 30 cents away from hitting $70 amid market optimism on the United States and Europe reopening. According to data from Oilprice.com,...

6th May 2021

Kenya and Tanzania Sign Gas Pipeline Deal; To Jointly Combat COVID-19

East African countries, Kenya and Tanzania, have signed a gas pipeline deal that is to run between the coastal cities of Mombasa in Kenya and Dar es Salaam in Tanzania....

6th May 2021

Lithuania to Receive First LNG Cargo from Egypt this week

The Lithuania LNG terminal, operated by KN (Klaipėdos Nafta), which resumed operations on 1st of May 2021, is expecting to receive its first LNG cargo from Egypt on Friday, 7th...