Upstream

Crude oil also known as petroleum is an unprocessed oil found deep in the ground. In this video by How Its Made, learn what goes on in an oil block and how petroleum is refined and becomes usable. https://www.youtube.com/watch?v=4XgwF_oboPY

The North Sea area which was once dismissed as potential area for oil and gas exploration could actually hold oil and gas reserves, some geologists have claimed. The geologists at the University of Aberdeen in the UK have discovered a 7,000m² swathe of the North Sea area. The North Sea volcanoes were earlier thought to contain magma…

Ghana’s overall crude oil production is expected to increase to 500,000 barrels in 2023. Minister of Finance, Mr. Ken Ofori-Atta disclosed this after he led a delegation to address 20 key international companies at a meeting in Oslo, Norway. According to him “Overall, crude oil production is expected to increase from 196,089 barrels per day…

Senegal has released a new oil code for new license holders in the country to increase state participation in projects and higher royalties. This was made known by its Oil and Energy Minister, Mansour Elimane Kane who responded to questions on the matter adding that lawmakers had approved the code last month. The new code sets a fixed…

Angolan Head of State, Joao Lourenco recently fired Secretary of State for Petroleum, Paulino Fernando de Carvalho Jeronimo. He was replaced by Jose Alexandre Barroso. Angop reported that though Paulino Fernando de Carvalho Jerónimo was dismissed as petroleum minister, he was however appointed Chief Executive Officer of the National Agency…

Egypt’s largest-ever oil and gas exploration tenders on Tuesday saw Royal Dutch Shell, Eni, BP, Exxon Mobil, and other energy companies emerge winners. The tender was in a bid for the country to sustain an investment upswing spurred by major discoveries. Exxon Mobil’s entry into gas exploration in Egypt was recognized, while Shell was handed…

Ever wondered what goes into constructing and designing a transmission pipeline? From routing to coating and construction, pipeline construction takes a whole lot. Learn more in this video by CPA-About pipelines. https://www.youtube.com/watch?v=UHZVCCKOyAU Pipeline construction and design

South Sudan Oil Minister, Ezekiel Lul Gatkuoth has said that the country is looking to boost oil production to more than 350,000 barrels per day by 2020. This projection is more than its current projection which stands at about 140,000 bpd. He said “We used to produce 350,000 to 400,000 bpd. We expect to go back to those levels by the middle…

Total Exploration Senior Vice-President, Kevin McLachlan, has announced the discovery of new gas condensate on Brulpadda by the French energy giant. The Brulpadda prospect is located on Block 11B/12B 175km off the Southern coast of South Africa. According to Offshore Technology, the Brulpadda well was drilled by Total using a new drilling…

Equinor recorded an increase in net income in the fourth quarter of 2018. The energy giant earned $3.4bn representing a rise from 2.6bn it had in the previous year. According to Offshore Technology, Equinor’s adjusted earnings after tax stood at $1.5bn, higher than $1.3bn in 2017. IFRS net operating income during the period was $6.7bn…