. London — Liquefied natural gas (LNG) prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March.LNG for delivery in northeast Asia in June is estimated at $5.60 per million British thermal units (mmBtu), the same level as last week. The July price is seen at a…
Port Harcourt — Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum Development Company of Nigeria, SPDC of diving communities and refusing to implement the memorandum of understanding signed with host communities. Governor Wike…
*Deepwater account for over 40% of country’s total daily oil production Lagos — The Director, Department of Petroleum Resources, DPR, Mordecai Ladan, has disclosed that fifty-three oil blocks are open and yet to be awarded in Nigeria. According to him, Nigeria currently has 83 deepwater oil and gas blocks, out of which 30 have been awarded, and…
Houston — The Nigerian government has assured the international oil and gas community that the country’s maritime sector is safe for investment and that a special tax regime are under consideration to grow capacity for the industry in the country. Addressing Journalists at a technical workshop on deep sea exploration on the sidelines of the ongoing…
Port Harcourt — As part of its corporate social responsibility,Total Exploration and Production Nigeria Limited, TEPNG, has begun a mass free health program for OML 58 host communities in Rivers State. The free healthcare, according to the French oil giant, would last for two weeks, and is expected to handle diagnosis, treatment and drug dispensation for…
ASKER, Norway – Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production. Closing date for submission of bids is Aug. 21. TGS is supporting the licensing round by making available the following data: 10,318 km (6,411 mi) of Red Sea ’18 (RS18) 2D long-offset broadband seismic,…
HOUSTON – The Norwegian Continental Shelf is expected to remain a viable offshore oil and gas play for many years to come, but future E&P opportunities will not be without challenge and difficulty, a senior Equinor official told the Offshore Technology Conference on Monday. Anders Opedal, executive vice president—technology, projects and drilling for Equinor noted that…
Floating LNG (liquefied natural gas) facility to provide circa 2.5 million tonnes of LNG per annum and represents the first stage of a multi-phase project HOUSTON, United States of America, May 6, 2019/ — BHGE (BHGE.com) to provide turbomachinery equipment for four FLNG compression trains for BP’s Greater Tortue Ahmeyim natural gas project; Award is second major…
Beijing — China will tighten approvals of steel capacity swapping between companies and ban all new steel capacity in any form, the country’s economic planner said on Thursday, in order to streamline the sector. The announcement follows illegal capacity expansions approved by local governments under the cover of capacity swaps, where companies move capacity between different…
Chevron Corp has said Thursday it will not increase its offer to buy U.S. Anadarko Petroleum after Occidental Petroleum gave a better offer. The means Chevron will collect a $1 billion breakup fee, a windfall that it could use to purchase another driller in the Permian Basin, the engine of the American oil drilling boom,…
