Petrochina said on Sunday that certified, newly added proven shale gas geological reserves at Changning-Weiyuan and Taiyang blocks in the Sichuan basin totaled 740.97 billion cubic metres. China’s state-run energy producers are raising spending on domestic oil and gas drilling to a multi-year high this year, answering Beijing’s call to boost energy supply security as…
Total said it closed the acquisition of Anadarko’s 26.5 per cent operated interest in the Mozambique LNG project for US$3.9 billion. This follows Total reached a binding agreement with Occidental in May this year to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase and Sale Agreement in…
Saudi Aramco, the state energy firm of Saudi Arabia, plans to pay a base dividend of US$75 billion in 2020, it said in a corporate overview as it prepares for an initial public offering (IPO). The energy giant plans to list about 5 per cent of the company as early as next year in the…
EnerMech, the global provider of integrated services, has announced a key appointment as part of its next phase of growth, with Alex Goude joining the company as business development director for Europe. Alex’s focus will be on leveraging EnerMech’s engineering expertise to expand the company’s position in the energy and infrastructure markets across the region….
The Bahrain Petroleuem Company (Bapco), operates a 267,000 BPD crude refinery in Sitra, Bahrain and is currently undertaking a multi-billion dollar refinery Modernisation Programme (BMP) which is the largest capital investment project in Bapco’s 90-year history and one of the largest capital projects in the Kingdom of Bahrain’s history. Mark Jones, the company’s superintendent for…
As ever, Africa Oil Week will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over 20 presenting. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and…
The Independent Petroleum Marketers Association (IPMAN) has backed the decision of the Nigerian National Petroleum Corporation (NNPC) not to allocate petroleum products to depot owners who failed to settle debts owed Petroleum Equalisation Fund (PEF). Alhaji Bashir Danmalam, the IPMAN Chairman, North west zone, said on Sunday while speaking to newsmen in Kano. He said,…
Unwholesome activities of vandals and inability of Electricity Distribution Companies (DisCos) to provide Pre-Payment Meters (PPM) to customers have been identified as the major challenges hindering distribution of electricity to customers in North-East states. Respondents to a survey conducted by in Bauchi, Gombe, Adamawa, Borno,Yobe and neighbouring Jigawa, who also spoke on other problems, identified…
The Shell Petroleum Development Company (SPDC) and the Belemaoil Producing Limited, have lauded the Federal Government for a peaceful resolution for operations to commence at OML-25. Mr Osagie Okunbor, Managing Director of SPDC Nigeria stated this at Belema, Akuku-Toru Local Government Area of Rivers, during a joint visit to OML-25 host communities with a Federal…
The Department of Petroleum Resources (DPR) has solicited for the support of traditional rulers in its war against fuel adulteration and under-dispensing in Osun. Mr Olusegun Daboh, the head of DPR’s operations, stated this when management of the organisation a courtesy call to the palace of Ataoja of Osogbo, Oba Jimoh Olanipekun, on Friday in…
