Eni drills Oman’s first ever deepwater offshore well
The local subsidiary of Eni has begun drilling the first-ever deep-water well in the history of Oman, as a move to maximize the country’s untapped hydrocarbon potential.
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.
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Nigeria
Nigeria shortlists 200 investors for gas flare sites
Over 200 investors have been selected by the Federal Government to bid for the available gas flare sites in…
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International
Egypt signs $2.5bn contract to build its largest oil…
Egypt has signed a contract worth US$2.5 billion for the construction of a mazut hydrocracking…
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Downstream
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…
Midstream
Guyana finally becomes oil exporter
Guyana has made its debut as an oil exporter following its recent first-ever shipment of crude on…
Upstream
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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