An indigenous oil company, Nestoil Group, has strengthened Nigeria’s oil exploration and production capacity through the deployment of its wholly Nigerian-crewed drilling rig, the Pathfinder 500. The Group’s Chairman, Dr Ernest Azudialu-Obiejesi, disclosed this in a statement on Saturday, noting that the aim was to increase crude oil production from Oil Mining Lease (OML) 42. […]
Sapphire Gas Solutions has acquired EDGE LNG from affiliates of Blue Water Energy, adding approximately 200,000 gal/day of LNG liquefaction capacity to its distributed natural gas operations. Texas-based EDGE provides LNG liquefaction, delivery and vaporization services using modular and mobile equipment. Its liquefaction assets currently serve customers across the southern U.S., expanding Sapphire’s ability to manage LNG supply from […]
Peter M. Duncan, founder, president and CEO of MicroSeismic, talks to The Energy Year about how microseismic monitoring changed hydraulic fracturing design and its future role in US and international shale plays. MicroSeismic is a provider of completion, carbon storage and pipeline passive seismic monitoring services and software. MicroSeismic helped transform unconventional oil and gas […]
ONEOK said on Sunday it has agreed to buy Brazos Midstream’s Permian Midland Basin natural gas gathering and processing assets for around $4.43 billion, more than doubling the U.S. pipeline operator’s processing capacity in the region. The acquisition comes as pipeline operators in the U.S. are benefiting from increased oil and gas output in […]
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector.
The United States will use Venezuelan crude to refill the Strategic Petroleum Reserve, President Donald Trump said on Sunday on social media. Describing the move as a “Gift from Venezuela to the People of the United States,” President Trump said the “topping out” will begin soon, as quoted by Reuters. The Strategic Petroleum Reserve has been drawn […]
Paulo Pizarro, chairman and CEO of Novagest, talks to The Energy Year about the impact of Angola’s oil and gas investment cycle on business and the company’s measured expansion into new service verticals and target markets. Novagest is an Angolan provider of catering, facilities management and associated support services for oil and gas and other […]
The US is close to reaching a deal with Venezuela to establish a stake in 17 oil fields, potentially worth 90 billion barrels of the country’s vast reserves, reported Axios on Thursday.
Italian energy giant Eni is ramping up investment in Egypt, unveiling plans to drill 30 exploration wells and 200 development wells as it deepens its role in the country’s oil and gas sector. Eni Chief Executive Officer Claudio Descalzi met Egyptian President Abdel Fattah al-Sisi in El Alamein on Tuesday, along with Prime Minister Mostafa […]
Tanzania’s first small-scale LNG facility just got a lot closer to happening. Tanzania Petroleum Development Corp. (TPDC), TAQA Arabia—operating through its subsidiary Rosetta Energy Solutions—and Africa50 signed a gas sales agreement (GSA) for the East Africa LNG (EALNG) project. The signing took place in front of Tanzanian President Dr. Samia Suluhu Hassan, which says a lot […]