Nigerian minnow Eroton, is currently finalising the first well it would drill as an operator and has moved the rig to the second well in the campaign. The operator of the Oil Mining Lease (OML) 18 licence, in Nigeria’s eastern onshore Nigeria, has completed Akaso 15 and has progressed significantly in connecting the well to…
L-R: Mr Kaultiya Sharma, and Mr Lokendra Sharma, Managing Director and Country Manager for West Africa of Multipower, flanked by some delegates at the Dealers’ Multipower Global Solutions Limited, one of the majors in power back-up and solar solutions industry, has obtained exclusive rights to distribute EXIDE Industries’ range of batteries with a particular intent…
Russia remained China’s largest crude oil supplier in January, with imports rising 25 percent year on year to hold off rival Saudi Arabia, Chinese customs data showed on Monday. Imports from Russia – China’s top supplier for the past three years – stood at 6.97 million tonnes, or 1.64 million barrels per day (bpd) last…
Azerbaijan, the third-biggest former Soviet oil producer, wants to see stability in oil prices before deciding whether to support any extension of global cuts in crude output, the country’s energy minister said. The Organization of the Petroleum Exporting Countries and several other exporters, including Azerbaijan, are cutting oil production jointly by 1.2 million barrels per…
Alexander Medvedev, Gazprom’s long-standing deputy chief executive, who oversaw an increase in gas exports to Europe, has been relieved of his post, Gazprom said on Monday. The company did not provide further details. Medvedev was a key figure in Gazprom’s often hard negotiations with European countries over gas supplies, which became politicised after Moscow’s annexation…
Dutch gas company NAM intends to close its Grijpskerk gas storage facility in the fourth quarter of 2021, which is one of the last remaining large seasonal storage sites in Europe. Grijpskerk, operated by NAM, is an underground seasonal gas storage site in the Netherlands. With a capacity of around 2.8 billion cubic metres (bcm),…
Oil edged up to $65 a barrel on Tuesday as OPEC was expected to stick to its production cuts despite pressure from U.S. President Donald Trump, although the prospect of higher Libyan output capped gains. Prices slid on Monday, when many traders were out of the office attending IP Week, an industry event in London,…
OPEC and its allies will continue with their agreement to cut oil supply, pushing for more adherence despite a demand by U.S. President Donald Trump that the producer group ease its efforts to boost crude prices, a Gulf OPEC source told Reuters. Based on current market data, the so-called OPEC+ group is “likely to continue…
The Movement for the Survival of Ogoni People, MOSOP, has described the conduct of Shell Petroleum Development Company of Nigeria, SPDC, a subsidiary of Royal Dutch Shell, while it was operating in Ogoniland, as a national shame and crime against humanity. The group called for the revocation of SPDC’s oil mining lease, OML, 11 license…
Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation. Nigeria ordered several major foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local…