Browsing Tag

Oil

Nigeria’s oil may shake market price

OrientEnergyReview Feb 25, 2019 0

Pita Ochai Nigeria is about to ship the first cargo of crude oil from a new deposit about 90 mi off its coast. The 1 MMbbl consignments, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the country, given…

NEWS

Ghana earns US$ 813.95 million from 2018 oil lifting

OrientEnergyReview Feb 23, 2019 0

In 2018, Ghana earned a total of US$ 813.95 million from crude oil exports representing lifting proceeds received into the Petroleum Holding Fund (PHF). This is according to Bank of Ghana’s (BoG’s) Petroleum Holding Fund and Ghana Petroleum…

Oil And Gas

4 Degrees Most Oil Companies Are Looking For

OrientEnergyReview Feb 20, 2019 0

Even with crude oil at a seven-year low in early December 2015, oil companies are still recruiting on college campuses and interviewing students with the fields of study most in demand. The wave of early…

Oil And Gas

Nigerians enjoy least benefit from Oil PSC in the World – NNRC

OrientEnergyReview Feb 14, 2019 0

...As Obsolete oil, gas laws leads to loss of $18 billion Pita Ochai The Nigeria Natural Resource Charter (NNRC) has revealed that Nigeria has lost an estimation of $18 billion to obsolete oil and gas laws she has kept. That Nigerians…

Oil And Gas

Oil supply to swamp demand in 2019 despite output cuts – IEA

OrientEnergyReview Feb 14, 2019 0

Pita Ochai The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a…

Oil And Gas

FG adopts crude oil tracker, recovers N1.2tln in royalty arrears

OrientEnergyReview Feb 13, 2019 0

Chibisi Ohakah The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the newly adopted Crude Oil Liquefied Natural Gas Tracker (COLT) has already yielded results with the recovery of about N1.2 trillion in royalty…

Oil And Gas

Ambitious oil pricing will rupture Nigeria 2019 budget – ICAN

OrientEnergyReview Feb 10, 2019 0

Chibisi Ohakah, Abuja The Institute of Chartered Accountants of Nigeria (ICAN) has said that whereas the projections for crude oil price and production as captured in the proposed budget were very ambitious, and that the…

Oil And Gas

Why we reclaimed dormant oil fields – Kachikwu

OrientEnergyReview Feb 6, 2019 0

Pita Ochai ... Indigenous operators’ contribution to national oil production now at 11% Reveals indigenous operators’ contribution to national oil production to be around 11% The need to raise funds and grow the contributions of…

Oil And Gas

FG to generate $2b from oil, gas lease licence renewal

OrientEnergyReview Jan 31, 2019 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said that the Federal Government is targeting about two billion dollars from the oil and gas lease licences renewal. Kachikwu disclosed this while fielding questions from…

NEWS

Bayelsa govt bans use of oil firm’s facilities for political activities

OrientEnergyReview Jan 28, 2019 0

By Kenechukwu Obiajuru, Yenagoa The Bayelsa State Security Council has prohibited the use of assets, personnel and security operatives on attachment to surveillance contractors of oil and gas firms and any other personnel for political…

NEWS

Military decries fake reports of oil facilities’ attacks in N/Delta

OrientEnergyReview Jan 28, 2019 0

he Joint Task Force, Operation Delta Safe, OPDS, has decried incessant fake reports of oil facilities’ attacks by militants in the Niger Delta, saying such stories were fabricated to diminish the operations of the JTF. Coordinator, Joint…

NEWS

Oil falls from four-year highs; Wall Street weighs

OrientEnergyReview Oct 5, 2018 0

Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC’s No. 3 producer Iran.…

Oil And Gas

Ghana keeps Tullow Oil Fields after maritime border ruling

OrientEnergyReview Sep 26, 2017 0

By Karin Matussek Moses Mozart Dzawu and Olivier Monnier A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s offshore fields under Ghana’s jurisdiction following the end of a boundary dispute with…

NEWS

Federal Government Sets Bid Guidelines for Award of 46 Marginal Oil Fields

OrientEnergyReview Sep 25, 2017 0

Oge Obi In readiness for the marginal oil field bid round scheduled to take place later this year or early next year, the Federal Government through the Department of Petroleum Resources (DPR) has set the guidelines, Orient Energy Review…

NEWS

FG Launches $200m Fund to Help Indigenous Oil & Gas Firms

OrientEnergyReview Sep 20, 2017 0

Dr. Ibe Kachikwu Nigeria’s oil minister said the government launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms, part of a government drive to improve access to low-cost credit…

PRESS RELEASE

Abu Dhabi Confirms Expanded Programme for World’s Largest Oil and Gas Technical Conference

OrientEnergyReview Aug 30, 2017 0

ADIPEC Programme Will Include Downstream Industry for the First Time 900 Speakers Scheduled for More Than 200 Technical and Strategic Conference Sessions Abu Dhabi, UAE – 28 August 2017 – Organisers of the annual Abu Dhabi…

NEWS

Total and CNOOC Lead as Knowledge Partners and Principal Sponsors at Uganda’s International Oil…

OrientEnergyReview Aug 29, 2017 0

Total and CNOOC Limited have confirmed their support for the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017 (www.UIOGS.com), partnering as lead sponsors and co-hosts to the event when it returns 27-28th September at…

PRESS RELEASE

Chevron trains 14 Nigerians to acquire oil and gas industry skills

OrientEnergyReview Aug 29, 2017 0

Lagos, August 23, 2017: Chevron Nigeria Limited (CNL), the operator of the NNPC/CNL Joint Venture recently completed a 12-month on-the-job-training of seven (7) Nigerian graduates at CNL’s office and field locations. The training was part…

NEWS

Hyperdynamics, SAPETRO: Two Years for Appraisal If Oil Found At Fatala

OrientEnergyReview Aug 10, 2017 0

Hyperdynamics and its partner South Atlantic Petroleum will be given two years for appraisal work in the event of an oil discovery in the Fatala-1 well, offshore Guinea. Hyperdynamics said that the letter granting the assurance for the…

NEWS

Nigeria’s Acting President Set to Return To Restive Oil Heartlands

OrientEnergyReview Aug 10, 2017 0

Nigeria's acting president will meet again with community leaders from the Niger Delta oil heartlands next week, his spokesman said on Tuesday, in a bid to shore up a fragile truce between militants and the government there. With…

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