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Senegal government has hired Doris Engineering to provide advisory services to Senegalese Ministry of Petroleum and Energies for the development for the development of oil & gas projects offshore Senegal. SNE development schematic – Source: CairnDoris Engineering will focus on two projects: Grand Tortue Ahmeyim, operated by BP, and the SNE project, operated by Woodside. …
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by  Matthew V. Veazey | Rigzone Staff Both the WTI and Brent have hit levels not seen in several weeks. Bullish factors tied to political instability in Venezuela and curbs on production by OPEC members spurred on West Texas Intermediate (WTI) and Brent crude oil futures Friday. The March WTI contract gained $1.47 Friday, …
The Nigerian National Petroleum Corporation (NNPC) has proposed collaboration among African countries in the area of oil and gas infrastructure in order to remain competitive on the global stage. Group Managing Director of the NNPC, Dr. Maikanti Baru, made the call at the opening ceremony of the second edition of the Nigeria International Petroleum Summit …
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by Bloomberg|Sharon Cho| Oil held losses near $52 a barrel as renewed concerns over slowing global growth outweighed new U.S. sanctions against Venezuela's state oil company. (Bloomberg) -- Oil held losses near $52 a barrel as renewed concerns over slowing global growth outweighed new U.S. sanctions against Venezuela’s state oil company. Futures rose 0.3 percent …
by  Bloomberg | Sharon Cho and Saket Sundria Data shows the OPEC+ coalition's output cuts are starting to kick in and a more dovish Federal Reserve has boosted markets and improved the growth outlook. (Bloomberg) -- Oil headed for its biggest monthly gain since April 2015 as data showed the OPEC+ coalition’s output cuts starting …
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The Nigerian National Petroleum Corporation (NNPC) has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products. The corporation said smuggling of petroleum products remained a blight in the nation’s fuel supply and distribution matrix. NNPC Group Managing Director, Dr. Maikanti Baru, …
The Nigerian National Petroleum Corporation (NNPC) has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products. The corporation said smuggling of petroleum products remained a blight in the nation’s fuel supply and distribution matrix. NNPC Group Managing Director, Dr. Maikanti Baru, …
…As Navy Captures Shuaibu Ogunmola, Alleged Notorious Oil Pipeline Marauder Concerted efforts by the Management of the Nigerian National Petroleum Corporation (NNPC) and security agencies to combat the menace of oil theft and pipeline vandalism received a major boost with the capture of Mr. Shuaibu Ogunmola, an alleged notorious oil pipeline kingpin,whose illegal activities through …
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Group Managing Director of the NNPC, Dr. Maikanti Baru, made the call at the opening ceremony of the second edition of the Nigeria International Petroleum Summit (NIPS) in Abuja. In a goodwill message at the summit, the NNPC helmsman said cross-nation collaboration among oil producing countries in Africa was essential to convert the …
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OPL 310; Source: Lekoil Africa-focused oil and gas company Lekoil has been given a hearing date by the Nigerian Federal High Court in a process to increase its stake in license OPL 310 off Nigeria. Lekoil holds an unconditional 17.14 percent interest and an additional 22.86 percent interest, subject to Ministerial consent, in the …
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