Legislators in the Nigerian Senate have pledged to break the “jinx” around the Petroleum Industry Bill (PIB) and bring about reforms in the oil sector.
The number of class actions being pursued in the UK is on the rise and has been for several years but there remains a learning curve.
Natural gas demand fell only 3% in 2020 as a result of COVID-19 but its future is looking bleaker, a new report from S&P Global has warned.
Saudi Aramco has sent 40 tonnes of blue ammonia to Japan, for use in zero-carbon power generation.
Nigerian National Petroleum Corp. (NNPC) has reached a deal with unions, preventing what had been tipped as being the largest strike in Nigeria’s recent history.
Adnoc Logistics and Services (L&S) has signed a deal to provide a range of marine services for all petroleum ports in Abu Dhabi.
Fluor has reported a restating of previous results and a decision not to participate in competitively bid lump-sum projects.
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
Upland Resources is closing in on the reprocessing of seismic on what could be an area of interest in Tunisia.
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
Saudi Arabia has written to the United Nations Security Council warning of an “oil spot” has been detected offshore Yemen.
Seplat Petroleum has investigated reports of hydrocarbons in some Delta State water wells and is providing assistance to locals.
Private equity-backed Acoustic Data has won work with one of the big four service companies at a gas field in North Africa.
Sonangol posted net income of $125 million for 2019, while EBITDA reached $4.78 billion up 10% year on year.
The dispute between Gulf Marine Services (GMS) and its major shareholder Seafox International shows no signs of receding and have scotched plans for a capital raise.
The National Oil Corp. (NOC) has lifted force majeure at the port of Zueitina and the associated oilfields, operated by Zueitina Oil Co. (ZOC).
Reconnaissance Africa has defended its drilling plans in northern Namibia, denying that it will carry out operations in environmentally sensitive areas.
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
ADES International increased EBITDA, revenue and profit in the first half of 2020, versus 2019.
Chad asked Glencore to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries.
Adnoc has signed framework agreements with Mubadala Investment and Emirates Nuclear Energy Corp. (Enec) focused on co-operation on in-country value (ICV).
PetroNor E&P has reached an agreement with The Gambia, relinquishing its claim to one block while cementing its hold on another.