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Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

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The Department of Petroleum Resources (DPR) said that it has successfully shortlisted 161 companies to advance to the final stage of the bid round...

Libya Lifts Oil Production After Restarting Fields

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Libya has restarted three small oil fields and added around 10,000 bpd to its oil production—which has been steadily rising over the past two...
Schlumberger Signs $700 Million Nigeria Oil-Field Deal

Schlumberger Signs $700 Million Nigeria Oil-Field Deal

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By Dulue Mbachu Nigeria’s state-owned oil company said it signed a deal with Schlumberger Ltd. to provide $700 million for the development of two oil fields in...
Exxon Confirms Second Giant Oil Field Offshore Guyana

Exxon Confirms Second Giant Oil Field Offshore Guyana

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Exxon Mobil Corp. has discovered additional oil in the Payara reservoir on the Stabroek block offshore Guyana. Gross recoverable resources for the 6.6-million acre (26,800-sq km) Stabroek...