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.
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.
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).
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.
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.
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.
Over 200 investors have been selected by the Federal Government to bid for the available gas flare sites in…