Category: Oil & Gas

Some Organisation of the Petroleum Exporting Countries (OPEC) producers and other countries participating in global output cuts have suggested extending the curbs beyond 2018 and up to the middle of next year, according to Iraq’s Oil Minister Jabbar al-Luaibi. Some producers suggested extending the cuts for three months and others for six months after their…

Total has announced its first gas from the Timimoun field in South Western Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%). “The launch…

An international oil giant, ExxonMobil, has said that it has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to the ExxonMobil portfolio. Six of the eight newly awarded blocks will be operated by ExxonMobil. The additional blocks…

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has denied allegations of environmental mismanagement in the Niger Delta levelled against it at the weekend by Amnesty International, reiterating its commitment to swift response to oil spill incidents as much as access and security conditions permit teams to mobilise and deploy to spill sites to…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has restated the corporation’s commitment to support indigenous companies operating in the oil and gas industry to grow to their fullest potential. The GMD who stated this in Lagos, on Thursday, at the official unveiling of 11 new helicopters to Caverton…

In its determination to stop energy theft, the management of Kaduna Electric has constituted an internal Joint Task Force (JTF) to fight the menace. Recently the JTF team visited customers under Kakuri Feeder and discovered about 399 meters that have been bypassed. The team covered Babna Dodo and Zango streets where only 30 customers tendered…

By Energy Worth The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has called on Nigerians to report any infringement on the sales of the premium motor spirit (PMS) to the Department of Petroleum Resources (DPR) nearest to them. Baru says there is no reason for any marketer to the…

The Nigerian Extractive Transparency Initiative (NEITI) Executive Secretary, Waziri Adio, has disclosed that Nigeria’s oil revenue experienced a steep decline between 2011 and 2015.  Nigeria, he said, earned about $68.4billion from oil in 2011, and a paltry $24.7billion in 2015. According to a report by Downstreamview, he said the Nigerian National Petroleum Corporation (NNPC) was…

Chevron Nigeria Limited and its partners have invested $25m in various health development programmes across the country to fight AIDS, tuberculosis and malaria. A representative of the firms, Dr. Femi Pitan, disclosed this in a conference on Sustainable Financing to End Tuberculosis in Abuja recently. He said the provision of quality health care delivery was…

Following the partnership formed by GE and Noble Corporation Plc, the two companies have launched the world’s first digital drilling vessel, targeted to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling…