Tag: oil and gas industry
Oil price fall tips OPEC current account into deficit in 2015
…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...
First Anniversary for the Vallourec Office in South Africa
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,...
KKR and Mexico’s PEMEX agree to $1.2 billion sale and leaseback
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...
Canada’s energy regulator starts review of oil pipeline to east
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...
Philippines: Red Emperor Resources granted 2-year moratorium on SC 55, offshore...
Red Emperor Resources has provided the following update with respect to Service Contract 55 (SC 55), offshore Palawan Basin in the Philippines.
Asian Buyers...
OPEC daily basket price close at $45.36/b
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...
Shell announces Q1 Euro and GBP equivalent dividend payments
The Board of Royal Dutch Shell plc has announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2016...
Cairn Follows up on Senegalese Discoveries
Cairn Energy is looking forward to a three well drilling campaign offshore Senegal from the fourth quarter of 2015. The London listed explorer has...
Global oil giants seek inroads into India’s retail fuel market: Dharmendra...
New Delhi: Global oil firms, including Saudi Aramco and Total plan to tap the retail fuel market in India, its oil minister said on...
Equatorial Guinea Places 37 Licences on the Auction Block
Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016 (www.EGronda2016.com),...
US: Stone Energy Announces 1-For-10 Reverse Stock Split
Stone Energy has announced that the Board of Directors of Stone has approved a 1-for-10 reverse split of its issued and outstanding shares of...
Brent Crude Oil Goes Above $50
London – Brent crude prices held at about 50 dollars a barrel on Friday as sign that the oil market was moving back to...
23rd Africa Oil Week / Africa Upstream 2016, Cape Town, South...
“Meet Governments and Corporate Players shaping Africa’s Oil, Gas-LNG Game”
LONDON, United Kingdom, May 30, 2016/ -- Global Pacific & Partners with ITE Group will...
Phillips & Temro to Feature its Line of Arctic Fox
Oil and Gas Products at the 2016 Global Petroleum Show
Eden Prairie, MN / Calgary, Alberta (May 25, 2016) – Phillips & Temro Industries (PTI)...
Tanzania Makes Big Onshore Natural Gas Discovery
Tanzania says it has added to its natural gas bounty with a new discovery. According to the Energy and Minerals Minister, Sospeter Muhongo, an...
Cooperation Agreement Signed for Mozambique Pipeline
Pipeline
The cooperation agreement for the construction of the African Renaissance Gas Pipeline in Mozambique has been completed. The completion of the agreement will lead...
ExxonMobil Terminates Rig in Angola
Transocean has joined the ranks of several other firms that over the past couple of months has seen early termination notices for their rigs.
Angola...
CORE PA’S WORLD MEDIA TOUR 2015
Pennsylvania Coal, Oil Sectors Attract $1.25bn Dollar FDI
By Margaret Nongo-Okojokwu
The Pennsylvania coal, oil and natural gas sector has attracted $1.245 billion Foreign Direct Investments...
Chevron announces first gas from Southwest China project
Chevron Corporation has announced that its fully-owned subsidiary, Unocal East China Sea, Ltd, has begun natural gas production from the first stage of the...
Low Oil Price Won’t Cause Major Delay To Kenya Project –...
Falling world oil prices will not cause a major delay to plans to begin oil production in northwest Kenya, Africa Oil Corp's chief executive said on...
