The Nigeria National Petroleum Corporation (NNPC) has announced the commencement of crude oil exploration along the Bida Basin sokoto North of Nigeria. The crude oil exploration 2D seismic data acquisition surveys in the Bida Sokoto basin are expected to spread across eight local government councils of Niger state, two in Kwara state and one in […]

Brent blend is a light crude oil (LCO), though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of Sulfur, classifying it as sweet crude, yet not as sweet as WTI. It is typically refined in Northwest Europe.  WTI has a sulfur content of 0.24%. The lower the sulfur content of oil, […]

London (Bloomberg) – Tullow Oil and Total are process to sell part of their stakes in oil discoveries in Kenya. According to familiar source, the French energy giant is planning to sell half of its 25% stake in the fields, said one of the people. Tullow said last year that it planned to reduce its […]

The Drilling Company of 1972 A/S (“Maersk Drilling”) announces that it has received notice of early termination for convenience of two drilling contracts. The first is the BG International Ltd contract, a subsidiary of Shell, has terminated the contract for the semi-submersible Mærsk Developer with immediate effect. The original end of contract was expected to […]

Air Products has signed up to Asuppl y two LNG heat exchangers to the Total-led Mozambique LNG venture. The company said its facility in Port Manatee, Florida, would manufacture the equipment, which would then be shipped to the Afungi Peninsula, in Mozambique’s northern Cabo Delgado Province. Air Products has signed the deal with the contractor, […]

ADM Energy plc an oil and gas investing company quoted on AIM, announces its unaudited half-yearly results for the six months ended 30 June 2019. The Aje Field, is part of OML 113, in which ADM Energy holds a 5% equity investment Oil production in Aje fields is at a broadly stable rate from two […]

The year 2020 is expected to usher in a new horizon in some of Africa’s oil and gas producing countries as they look forward for better oilfield exploration and production bargains and strategic partnership alliances with prospective investors. Increasing continent crude oil production volume amid favorable and stable crude oil price is a projected economic […]

Oil markets are expected to face excess supplies in 2020 due to a production boost amid weak demand growth, the director for energy markets and security at the International Energy Agency said “Overall, we will continue to see a well supplied market in 2020,” said Keisuke Sadamori at the Singapore International Energy Week. “Unless other […]