Imports into Nigeria of gasoline and diesel are of worse quality than fuels produced from illegal refineries in the Niger Delta, a new study from Stakeholder Democracy Network (SDN) has reported.
Innovation will be increasingly important to companies trying to do deals in the North Sea once prices start to rebound, CMS’ managing partner in Aberdeen, Norman Wisely, has said.
The UK’s Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.
SDX Energy reported a strong first quarter based largely on its fixed price gas business.
Lamprell has won a contract from Sharjah National Oil Corp. (SNOC) to carry out work on the Mahani field.
The Nigerian National Petroleum Corp. (NNPC) and Central Bank of Nigeria (CBN) will provide the funds for expatriate Nigerians to be brought home.
Nigeria’s Guarantee Petroleum has contracted Halliburton and Chevron Nigeria Ltd (CNL) to tackle a rig fire on the Ororo marginal field, on OML 95.
A consortium of local and Nigerian banks, with three export credit agencies (ECAs), have agreed to provide $3 billion of financing for the seventh train at Nigeria LNG (NLNG).
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
The Tanzania Revenue Authority (TRA) has issued a certificate to Aminex, marking another step forward in its work to farm out a stake in the Ruvuma licence.
A US court granted Nigeria permission to request documents from VR Capital Group, the part owner of a company that received a $9.8 billion arbitration award the government is trying to overturn.
Qatar Petroleum (QP) has signed farm-in agreements with Total on two blocks offshore Cote d’Ivoire.
Total has scrapped plans to buy assets that had belonged to Anadarko Petroleum in Ghana.
Tullow Oil has declared force majeure at its site in northern Kenya, putting plans to sanction the project this year in jeopardy.
The US’ Export-Import Bank has tweaked the loan it is providing to the Mozambique LNG project to include work offshore.
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
There are “signs that the market has tightened in recent weeks and the OPEC++ agreement … is working to start to rebalance the market,” ADNOC’s CEO Sultan Ahmed al-Jaber said in comments at the company’s ‘Virtual Majlis’.
Middle East and African banks face mounting pressure from the gathering macroeconomic storm and oil price pressure, Fitch Ratings has said.
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
Genel Energy has cut capital expenditure to just over $100 million for 2020, while operating expenditure will be reduced by 10% to around $40mn.
Nigeria’s Department of Petroleum Resources (DPR) has denied reports that a new set of guidelines has been issued for marginal fields.
Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
Canadian Overseas Petroleum (COPL) is experiencing liquidity woes to the point that it does not have sufficient cash to continue operations.
Lamprell has issued a going concern warning following some tricky contracts that have left it underwater.