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Energy minister of Equatorial Guinea has ordered oil and gas companies working in the country to cancel all contracts with Subsea 7, accusing the offshore services company of not complying with the country’s local content rules. Minister Gabriel Mbaga Obiang Lima / Image by APO GroupAs per the statement issued by the E. Guinean Ministry …
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by  Bloomberg Julian Lee | OPEC will struggle to carry all of its partners from outside the group along with it as it looks to extend output cuts into a third year, writes Bloomberg oil strategist Julian Lee. (Bloomberg) -- OPEC will struggle to carry all of its partners from outside the group along …
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by  Andreas Exarheas Rigzone Staff | U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday. U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday. Donald J. Trump ✔@realDonaldTrump Oil prices getting lower. Great! Like a big Tax Cut for America …
by  Bloomberg Stephen Cunningham | The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC's power over oil markets, according to a department official. (Bloomberg) -- The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC’s power over oil markets, according to a department official. While …
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by  Jude Clemente Rigzone Contributor | The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.' Bolstered by the U.S. shale revolution, global oil production has surged by over 20 percent in the past 15 years. The great …
Continue reading "Shell is Wrong: Global Oil Demand Can Only Increase"
NLNG takes education very seriously and considers it a key development factor with unique potentials to stimulate development and growth. This has informed our long-standing commitment and contributions to education. The company also administers a scholarship programme that covers post primary, undergraduate, overseas postgraduate and maritime studies. The post primary scholarship supports very high performing …
Because of growing concerns over the surge of intestinal worm infection, NLNG went into a partnership with Glaxo SmithKline and Rivers State Ministry of Health to look at abating the rate of infection and the associated health and educational problems among the children within the communities. This resulted in a Mass Deworming Exercise targeted …
Youth Empowerment Scheme (YES) The Youth Empowerment Scheme was launched in 2004 as a sustainable development initiative aimed at youths (18-35 years old) within NLNG's host communities. YES is designed to make the participating youths economically and socially responsible and self-reliant through guided technical and managerial development training. Since its inception, over 700 youths from …
With activities ranging from electricity generation, road construction and repairs to water supply as well as building and furnishing of schools, Nigeria LNG Limited has made the concept of good neighbourliness come alive in its host communities. It has constructed ultramodern health centres, provided hospital equipment, and, in some cases, also installed electricity transformers. It …
French major TOTAL has taken two investment decisions on Angola’s deepwater Block 17, to develop satellite fields that will be tied back to existing infrastructures and will quickly bring additional production. The CLOV phase 2 project, which requires the drilling of 7 additional wells, with first oil expected in 2020 and a production plateau …
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