Oilfield Archives - 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...

3rd January 2021

DPR Passes 161 Bidders to Final Stage of Nigeria’s 2020 Marginal Oilfield Bid Round

Nigeria's Department of Petroleum Resources (DPR) says it has successfully shortlisted 161 companies to advance to the next and final stage of the Country's 2020 Marginal Oilfield Bid Round process for...

13th October 2020

ADM Energy PLC Announces 14th Cargo Lifting at Aje Field, Nigeria

ADM Energy PLC has announced the successful completion of the 14th lifting at the Aje Field which is part of OML 113 offshore Nigeria. The natural resources investing company holds...

3rd August 2020

Nigeria: ADM through OilBank Pre-qualify for the Ongoing Marginal Fields Bid Round

ADM Energy Plc has qualified for participation in the Marginal Oil Field License Bid Round 2020 in Nigeria, through its local partner, OilBank International. OiBank International is an oil and...

28th July 2020

Senegal: Lukoil Acquires Stake to Become an Operator in the Sangomar Oilfield

Russian independent oil and gas major, Lukoil, announced yesterday that it has reached an agreement with Cairn Energy for 40% of its stake in the Rufisque, Sangomar and Sangomar Deep...

22nd July 2020

Nigeria: DPR issues Pre-qualification Notice to Successful Companies in the Ongoing Bid Rounds

The Department of Petroleum Resources (DPR) has reportedly issued a pre-qualification notice to companies that were successful in their application for the ongoing Marginal Fields Bid Rounds on 57 marginal...

9th July 2020

Nigeria: DPR Announces it has Received Over 600 bids for the Ongoing Bid Rounds of Marginal Oilfields

The Department of Petroleum Resources (DPR) in Nigeria has announced that over 600 companies have already applied to be prequalified for the ongoing bid rounds of the marginal oilfields in...

2nd July 2020

Nigeria: DPR Announces Change in Marginal Field allocation, PPPRA Announces New Fuel Price for July

Nigeria's Department of Petroleum Resources has announced a change in the manner that marginal oilfields will be allocated, to avoid a reoccurrence of legal problems that arose in a previous bidding round....

27th June 2020

Shell Nigeria Evacuates Workers at Bonga oil field over fear of COVID-19 Outbreak

The operator of the offshore Bonga oil field in Nigeria, Shell, is said to have evacuated workers from the field due to an outbreak of COVID-19. The Department of Petroleum...