The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). As reported In NNPC’s Annual Statistical Bulletin (ASB) for 2019 which was obtained by THISDAY, the corporation noted that, While the country’s oil deposit […]

Eunisell Production Solutions has pioneered a new business model, enabling NOCs to realise their development goals and bring their fields up to optimum operating potential, without relying on external investment.  The delay between when the blocks are awarded and when development commences is a tangible concern for any investor or financial institution. Obstacles to the […]

TDI-Brooks International, in partnership with the French environmental firm Créocéan and Benthic Solutions, has completed an Environmental Baseline Studies (EBS) for the oil major Total offshore the Ivory Coast. According to OEDigital online. The survey was conducted over offshore blocks CI-705 and CI-706, and included seawater sampling and profiling (CTD rosette) as well as plankton […]

A Nigeria private petrochemical agro-giantcompany Indorama Petrochemical and Fertilizer Plants Company have invested over $3billion in Nigeria economic sector with a further plan to invest over $6billion in no due time. This was disclosed by country’s Minister of State for Petroleum Resources, Chief Timipreye Sylva during a ministerial tour to the company’s facilities recently in […]

Rio de Janeiro, 15 October (Argus) — Brazil’s state-controlled Petrobras only expects to sign one refinery sales agreement by year-end, rather than five as originally targeted, a senior company executive familiar with the process tells Argus. The delay stems from scheduling problems associated with the Covid-19 pandemic, oil market volatility, and a court challenge  recently decided in […]

Chevron Corp employees worldwide are being asked to reapply for positions as part of a cost-cutting program expected to eliminate up to 15% of its workforce, people familiar with the matter said as reported by Oil & Gas 360. The No. 2 U.S. oil producer has begun taking steps to streamline its organization this year […]

Almost two thirds of oil & gas companies are currently investing in green hydrogen, while more than half of utilities are doing so, according to a global survey of 300 energy and utility companies by French consultancy Capgemini. The wide-ranging study, Powering sustainability: Why energy and utility companies need to act now and help save the […]

Singapore one of the world global trade centres has welcomed the maiden arrival of the CMA CGM JACQUES SAADE, the world’s largest containership to be fully-powered by Liquefied Natural Gas (LNG) at the CMA CGM-PSA Lion Terminal.  A first journey on the largest sea route in the world at the heart of exchanges between Asia […]

Yinson a Malaysian world renowned FPSO AND FSO construction company has announced that the FPSO Anna Nery being the first company’s contract to Brazil has entered her next phase of construction, marked by the sailing away from the Cosco Qidong shipyard in Jiangsu, China to Cosco Changxing shipyard in Shanghai recently for her first dry […]

…….As crude oil price rallies A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output MarineLink reported. An already large and powerful storm, Delta could intensify further on Friday as it churns through […]