By Oke Peter ExxonMobil has announced that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil…
By Oke Peter ExxonMobil has announced that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil…
By Oke Peter Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas. The move would further bring progress to the undeveloped Nnwa-Doro deep offshore field, raise more stakes in Agbami field and also…
Minister of Power, Works and Housing, Mr. Babatunde Fashola By Oke Peter The Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has disclosed that China has set finance the construction of a project that would become Nigeria’s largest hydro power plant – the 3,050 megawatts (MW) Mambilla plant – through an export-import financing model….
The management of Petroleum Technology Development Fund (PTDF) on Tuesday, urged the oil and gas operators in Nigeria to collaborate more with public agencies with experience on research and development. The General Manager, Strategic Planning, Research and Documentation, Mr Jide Adebulehin, gave the advice in an interview with the News Agency of Nigeria (NAN) in…
