Category: Oil & Gass

OPEC Gives Nod to Slash Oil Output Target By 500,000b/d

World oil body, the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria gave affirmation to reduce its output target by 500,000 barrels a day. The...

OPEC’s Share of Indian Oil Imports in October Hits Lowest Since 2011

Indian oil import volumes rise from September’s low levels  Iraq secures top oil supplier status, Saudi slips to No. 2  Nigeria third-biggest supplier followed by...

IPMAN Applauds Nigerian Govt on Border Closure

BY ABDULLAHI KANO in Kano• Nigeria’s Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended the federal government’s resolution of...

Saipem Wins $100m Equatorial Guinea Pipeline Contract

Italy’s Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa...

Total to Drill Another Offshore Well in South Africa Early 2020

French oil and gas major Total said it will drill another exploration well in the 11B/12B block offshore South Africa in the first quarter of next year, a senior company...

Buhari Endorses Bill Amending Deep Offshore Act

Nigerian President, President Muhammadu Buhari who is currently on private visit to London has signed the Bill amending the Deep Offshore (and Inland Basin Production...

Sylva Pledges Nigerian Govt Support Towards Completion of Dangote Refinery

Minister of State for Petroleum Resources, Chief Timipre Sylva, has pledged the support of the federal government towards ensuring the completion of the historic 650,000...

Ayuk’s ‘Billions At Play’ to Be Launched November

The latest book of Nj Ayuk and already No1 best seller on Amazon “Billions At Play” will be officially launched on November 6th in Cape Town. The book has made...

OPEC, Allies to Contemplate Deeper Oil Cut Amid Worries over Demand Growth

Organisation of Petroleum Exporting Countries (OPEC) and its allies will consider whether to deepen cuts to crude supply when they next meet in December due to worries...

Kazakhstan: Oil Output At Kashagan Falls Due to Unplanned Maintenance

Production of oil and gas condensate at Kazakhstan’s giant Kashagan project has decreased since Oct. 6 due to unplanned maintenance, the energy ministry told Reuters,...