As a student, an operator, stakeholder or intending investor in the oil and gas industry, here below are of the oil and gas technical terms you must be familiar with.
AF – Alternative Funding
AGO – Automotive Gas Oil
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Orient Energy Review editorial team met with the Chief Coordinator of PTI Consultancy Services, DR. ORIRI ASEMOTA OMORODION during the 2020 Nigeria International Petroleum Summit, which held at the International…
Destra Energy Group is a budding and fully indigenous Ghanaian company providing ancillary services to key players in the oil and gas industry and also delivers power solutions through the application of renewable energy technology. Destra…
Peace Obi
…to expand NC Act to other sectors
Members of the Senate Committee on Local Content have commended the Nigerian Content Development and Monitoring Board (NCDMB) for conceiving and developing its 17-story headquarters building in…
Kenechukwu Obiajuru, Yenagoa.
The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on has said that the group is collaborating with stakeholders in oil industry to ensure the participation of youths in the NLNG Train-7.…
Nigeria started the year 2018 with a fuel crisis which began December 2017, fueling concerns that the crisis would persist throughout the year. However, despite the fuel supply challenges, numerous opportunities exist in the industry.
…
Mining giant, Glencore has entered into an agreement to purchase 75 percent interest in Chevron South Africa, as well as a 100 percent stake in Chevron Botswana at a cost of $973 million.
The deal, comprises of interest in Chevron Group’s…
CAPE TOWN, South Africa, November 1, 2017/ -- The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialisation of its huge gas and oil…
ADIPEC 2016 Continues Record-Breaking Success with 2,775 Proposals from 571 Organisations in 71 Countries
Achievement Represents an Impressive 22% Year-on-Year Increase in Number of Abstract Submissions
Abu Dhabi, UAE – 13 June 2016 –…
South Africa, with an infinitesimal amount of oil and gas to its name, is the choice of Vallourec as the hub for the Subsaharan business.
Vallourec is a well known tubular solutions provider. It established its sales office in…
The Train Rig contracted to drill two wells into the onshore Cameroon’s Logbaba Field, has arrived the port of Douala, the country’s main port. Its arrival confirms that Gaz du Cameroun (GDC) is close to fulfilling its plans to commence…
Oil prices extended their losses on Wednesday, falling nearly 3 percent, after a smaller-than-expected U.S. inventory draw-down and jitters ahead of a vote on whether Britain should stay in the European Union.
Crude futures rose early in…
…First since 1998
OPEC’s 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published, underlining the impact on producers’ income from a collapse in prices.
Oil prices at about $50 a barrel are half…
The objective of this new office in Johannesburg is to be geographically closer to key African markets, especially South Africa and Mozambique
JOHANNESBURG, South Africa, June 22, 2016/ -- Vallourec, world leader in premium tubular…
U.S. private equity fund KKR and Mexico's PEMEX are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.…
Canada's energy regulator on Thursday officially launched its 21-month review of TransCanada Corp's Energy East pipeline, which would carry crude from Alberta's oil sands to refineries and export terminals in Eastern Canada.
The National…
Red Emperor Resources has provided the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines.
Asian Buyers Drive Growth for Global LNG Trade, but Demand a Better Deal from Suppliers
Red…
The price of OPEC basket of thirteen crudes stood at $45.36 a barrel on Wednesday, compared with $45.64 the previous day, according to OPEC Secretariat calculations.
OPEC’s Current Strife Offers Glimpse of More Pain to Come
The new OPEC…
The Board of Royal Dutch Shell plc has announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2016 interim dividend, which was announced on May 4, 2016 at US$0.47 per A ordinary share (“A Share”)…
Cairn Energy is looking forward to a three well drilling campaign offshore Senegal from the fourth quarter of 2015. The London listed explorer has submitted a three year evaluation work plan to the Government of Senegal, including an…
