Tag: Oil and Gas News
Nigeria Will Become Petroleum Net Exporter Before 2023 End — NNPC...
Nigeria has pledged to return to a petroleum exporting country before end of 2023. Group chief executive officer of the Nigerian National Petroleum Company...
OPEC Expects Global Oil Demand to Peak at 96.4mbpd in 2021
Revises Down Its Forecast by 160,000 bpd
The Organization of Petroleum Exporting Countries (OPEC) has forecasted that global oil demand would average 96.4 million barrels...
TRACERCO SECURES SUBSEA INSPECTION FOR LIFE EXTENSION PROJECT OF OVER 18...
Tracerco, part of Johnson Matthey Plc, has been commissioned to provide asset integrity data for an operator in the Gulf of Mexico seeking to...
LYTT AND BAKER HUGHES ANNOUNCE JOINT COLLABORATION TO ACCELERATE DIGITAL TRANSFORMATION...
Joint collaboration offers an end-to-end hardware and software solution to optimize oil and gas well performance and productivity·Joint collaboration will also pursue technology applications...
ExxonMobil Commits to Core Oil & Gas Says Renewables Have Unattractive...
…Shift from oil ‘existential threat’ for future oil volatility.US oil giant, ExxonMobil has said that it will remain focused on growing its core...
OPEC’s World Oil Outlook to be Launched on October 8
The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST).OPEC’s Secretary...
OPEC Sept Oil Output Rise to 24.38mbpd
The Organization of Petroleum Exporting Countries (OPEC) oil output rose for a third time in September, a Reuters survey found, as a restart of...
Egypt Signs $934m Deal for Gas Exploration Development
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed $934 million contract across eight gas exploration and research agreements, following a push to...
G20 Energy Ministers Strive for Sustainable Development and Market Stability
HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to...
In Addition to Cutting Production, Shell Moves to Cut Jobs ‘to...
Reports said yesterday that thousands of jobs are under threat at oil and gas giant Shell.
The company is due to publish an interim business...
Oil Falls Near 4% as COVID-19 Spike Continues and U.S. Debate...
Oil prices fell yesterday almost 4% to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the...
Payment for Nigerian Oil Block Transparent, says Eni
Eni, an Italian oil major, said on Wednesday that payment for the Nigerian offshore oil block, Oil Prospecting Licence 245, acquired by it and...
Total, Exxon Demobilize Workers Due to COVID-19, Says Oil Search
Oil and Gas companies Total and ExxonMobil have idled workers at the troubled Papua New Guinea LNG expansion project due to the COVID-19 pandemic,...
Venezuela’s Oil And Gas Sector Sees Worst Crisis During 2020
Venezuela’s oil and gas sector was already caught in a vicious cycle well before the COVID-19 outbreak created a world economic crisis. Even though...
Tecon Oil Commissions New Snubbing Rigs
Tecon Oil Services has commissioned three Hydraulic work-over/snubbing rigs at its operations headquarters at the Trans Amadi Industrial area in Port Harcourt.
Tecon Oil...
Total E&P Company Receives NCDMB’s NCCC On Ikike Project
The Nigerian Content Development and Monitoring Board (NCDMB has issued the Nigerian Content Compliance Certificate (NCCC) for the Ikike field development to Total Exploration...
Nigerian Oil Industry: Deep Sea Projects, Downstream Opportunities to Drive Growth...
Nigeria started the year 2018 with a fuel crisis which began December 2017, fueling concerns that the crisis would persist throughout the year. However,...
Subsidy: NNPC says FG owing it N170.6 billion in outstanding payments
The Nigerian National Petroleum Corporation (NNPC) on Monday injected a fresh twist to the fuel subsidy controversy with a claim that the Federation Account...
NNPC to build more depots nationwide
The Nigerian National Petroleum Corporation on Monday announced that it would build more depots across the country.
The Group Managing Director, NNPC, Maikanti Baru, disclosed...
Against Skeptics’Expectation, a Balanced Oil Market Now In Sight, OPEC
By Oge Obi
The Organisation of Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo has said that against skeptics disbelief on its December...
