Upstream

Our video for last week focused on the Liquefied Natural Gas. This week’s video focuses on the natural composition of Natural Gas. Natural gas was formed million years ago when dead organisms sunk to the bottom of the ocean and were buried under sedimentary rocks. Subject to heat and pressure, these organisms underwent a transformation in which…

ExxonMobil has disclosed its intention to sell some of its stakes in onshore and offshore fields in Nigeria which is capable of raising $3billion for US shale investment. According to Oil Price, ExxonMobil held conversations with Nigerian companies to quest if there was still interest in its assets in Nigeria especially as the US supermajor is…

South Sudan’s Minister for Petroleum, Ezekiel Lol Gatkuoth has disclosed that the country is hoping to boost oil production by 70,000 barrels per day (bpd) by June. This is coming a month before the government and rebels are due to form a government of national unity. According to Reuters, the current production in the landlocked East African…

Saudi Aramco, according to accounts published by rating agencies, has been reported as the world’s most profitable company in 2018. The oil company easily surpassed Apple Inc. and Exxon Mobil Corp.

The government of Ivory Coast has disclosed plans to finalise the licensing of six oil blocks by June as the country seeks to grow crude output amid rising interest from super majors to explore in West Africa.

Sinopec has announced that it has discovered a reserve of 124.7 billion cubic meters of shale gas in Southwest China's Sichuan Province.

Shell has announced that it will begin exploratory drilling of a well in a block off Bulgaria’s Black Sea coast next month for oil and gas. The exploration well is located in the 1-14 Khan Kubrat block in the Black Sea

Gas production in the Mamba oil field in Northern Mozambique will commence by 2024. This was made known by Chief Executive Officer, ENI Claudio Descalzi who explained that ExxonMobil was left to make the final investment decision after the summer. According to Club of Mozambique, he explained that “The Mamba project which involves Portuguese…

Subsea engineering firm TechnipFMC has announced a multi-million contract with Equinor for the Johan Sverdrup project. The deal which is worth between £75 and £250 million will see the firm provide construction and installation of the subsea production system including integrated template structures, manifolds, tie-in and controls equipment. …

Aker BP has discovered oil and gas through the drilling of wildcat well 24/9-14 S and a horizontal appraisal well, called 24/9-14 A, in the Froskelår Main prospect located the Alvheim area. The two wells are located nearly 4km northwest of the Bøyla Field and contained in a water depth of 120m. The 24/9-14S exploration well was drilled to a…