The Home For Everyone And Everything Oil, Gas And Energy
by Valerie Jones Rigzone Staff Thursday, September 20, 2018 In the age of Big Data, the oil and gas industry is taking cues from technology companies to transform its E&P operations. Machine learning is transforming the way in which oil and gas is discovered and developed. And the help of big technology companies has …
Continue reading "Machine Learning to Transform Oil and Gas Industry"
by Andreas Exarheas Rigzone Staff Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed. Fitch Solutions Macro Research expects “strong growth” in gas production in Egypt in the short term, a new report by the …
Continue reading "Strong Growth in Short Term Egypt Gas Production Expected"
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen by Bloomberg Grant Smith Thursday, September 13, 2018 The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. (Bloomberg) -- The International Energy Agency warned that …
by Bloomberg Christopher Sell Thursday, September 20, 2018 OPEC's 60-year history has rarely confronted a more challenging period than the past decade. (Bloomberg) -- A global recession, both $140 and $30 oil, the U.S. shale revolution, a market-share war, and output cuts. OPEC’s 60-year history has rarely confronted a more challenging period than the …
Continue reading "OPEC’s Decade of Turmoil Leaves Cartel Seeking a New Way Forward"
by Bloomberg James Herron Thursday, September 20, 2018 US President Donald Trump resumes his criticism of OPEC, saying on Twitter that the cartel 'must get prices down now!' (Bloomberg) -- U.S. President Donald Trump resumed his criticism of OPEC, saying on Twitter that the cartel “must get prices down now!” Trump’s fresh intervention in …
Continue reading "Trump Presses OPEC to Reduce Prices as Crude Trades Near $80"
As part of efforts to bridge the projected medium-term gas supply gap expected by 2020, the Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, …
Continue reading "NNPC, Seplat Execute Agreements to Deliver 3.4bscfd of Gas by 2020"
…Charges Them on Timely Delivery of Project Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirate directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The …
Continue reading "Baru Meets AKK Pipeline Project Financiers in Dubai"
As part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, the Nigerian National Petroleum Corporation (NNPC) has hinted of plans to establish a 100,000-barrels-per-day brownfield refinery each in Port-Harcourt and Warri. A press release by the Corporation’s Group General Manager, Group Public Affairs …
Continue reading "New 100,000bpd Brownfield Refinery for Port Harcourt, Warri – Baru"
The Nigerian National Petroleum Corporation (NNPC) on Wednesday emphasized the availability of enough gas for power generation noting that the recent drop in electricity generation was as a result of some factors outside its control. The NNPC stated that as critical partners in the electricity generation matrix, it is willing to work with other …
Continue reading "No Drop in Gas Supply for Power Generation – NNPC"
…As NNPC R&D Centre Readies for Upgrade The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry. The MoU signing, the third in the …
Continue reading "NNPC, China Sign Agreement on Oilfield Services, Research & Dev’t"
Energy Network 