Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday.
On Monday, NNPC Ltd and the OML 118 contractor parties – Shell Nigeria Exploration and Production Company (SNEPCo), as operator, Esso Exploration and Production Nigeria (Deepwater) and Nigerian Agip Exploration – executed addenda to the OML 118 Production Sharing Contract and Dispute Settlement Agreement, clearing a fiscal and legal hurdle for the deepwater Bonga South-West/Aparo (BSWAp) project as it advances toward a Final Investment Decision.
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said.
China’s oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation’s top refiner.
SLB has launched its ExaCT electrical downhole coiled tubing control system, introducing real-time electrical control, telemetry and downhole measurements to well intervention operations.
ADNOC has awarded McDermott an engineering, procurement, construction and installation (EPCI) contract valued at more than $1 billion for an offshore pressure boosting facility at the Umm Shaif field in Abu Dhabi.
The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.