Nigeria’s PIB heads to legislature once more
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.
Finding common cause for UK class actions
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.
Gas faces narrower, shorter bridging role
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.
Aramco despatches blue ammonia to Japan
Saudi Aramco has sent 40 tonnes of blue ammonia to Japan, for use in zero-carbon power generation.
Nigeria averts petrol, power price strike
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 L&S wins long-term port work
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 to leave lump-sum work
Fluor has reported a restating of previous results and a decision not to participate in competitively bid lump-sum projects.
Ghana extracts better terms from Cenit
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
Upland seeks to firm up rank exploration
Upland Resources is closing in on the reprocessing of seismic on what could be an area of interest in Tunisia.
Siemens wins NLNG compression train work
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
Trafigura pitches carrot-and-stick to tackle shipping emissions
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
San Leon celebrates dividends, eyes pipeline losses
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
Saudi calls for UN to tackle Yemeni tanker problem
Saudi Arabia has written to the United Nations Security Council warning of an “oil spot” has been detected offshore Yemen.
Seplat swings into action over water well problems
Seplat Petroleum has investigated reports of hydrocarbons in some Delta State water wells and is providing assistance to locals.
Acoustic Data chalks up North African win
Private equity-backed Acoustic Data has won work with one of the big four service companies at a gas field in North Africa.
Sonangol income halves in 2019
Sonangol posted net income of $125 million for 2019, while EBITDA reached $4.78 billion up 10% year on year.
GMS drops capital raise plans, faces Seafox board struggle
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.
NOC lifts force majeure at Zueitina
The National Oil Corp. (NOC) has lifted force majeure at the port of Zueitina and the associated oilfields, operated by Zueitina Oil Co. (ZOC).
ReconAfrica denies frack plans for Namibia
Reconnaissance Africa has defended its drilling plans in northern Namibia, denying that it will carry out operations in environmentally sensitive areas.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
New onshore study launched ahead of Angola round
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
ADES eyes better times ahead
ADES International increased EBITDA, revenue and profit in the first half of 2020, versus 2019.
Chad asks to suspend payments on Glencore oil-backed loan
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, Mubadala, ENEC team up on local content
Adnoc has signed framework agreements with Mubadala Investment and Emirates Nuclear Energy Corp. (Enec) focused on co-operation on in-country value (ICV).
PetroNor reaches Gambian deal
PetroNor E&P has reached an agreement with The Gambia, relinquishing its claim to one block while cementing its hold on another.