The Oil Bloc
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NNPC, partners release $360m for Ogoni clean-up

Following a recommendation by the United Nations Environment Programme, the Nigerian National Petroleum Corporation, and its joint venture partners have disbursed $360m towards the Ogoniland clean-up.

Revoked OML 98 Oil mining licence handed over to NPDC

The Department of Petroleum Resources (DPR) has officially handed over the control of the Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream unit of the Nigeria National Petroleum Corporation (NNPC).

Eni discovers new oil offshore Mexico

Italian oil company, Eni has made a new oil discovery on the Saasken Exploration Prospect in the mid-deep water of the Cuenca Salina in Sureste Basin, Offshore Mexico which has been estimated to hold between 200-300 million barrels of oil in place.

Nigerian oil, gas sector to have fiscal landscape by June

Nigeria’s oil and gas industry would have a clear fiscal landscape by June, for operators to be able to plan, the Managing Director of Nigeria’s National Petroleum Corporation (NNPC), Mallam Mele Kyari has said.

Petroleum Industry Bill: A win-win situation for oil sector, government

Nigeria’s Petroleum Industry Bill (PIB) would lead to a win-win situation for both the government and the oil and gas industry, international oil companies and government officials have said.


Stock Watch

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Aker BP and Cognite explore use of robots in oil, gas…

One of Europe’s largest independent oil and gas companies, Aker BP, is partnering with a global…


Guyana finally becomes oil exporter

Guyana has made its debut as an oil exporter following its recent first-ever shipment of crude on…


Chevron awards Aquaterra modular rig for Angola

Aquaterra Energy has been awarded a contract to design and support the installation of a conductor…

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Oil Tips

The downstream process

The term “stream” in the oil and gas sector refers to the location of oil and gas companies in the supply chain.…

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