Baker Hughes has secured a 13-year lifecycle services agreement with Nigeria LNG (NLNG) to support turbomachinery operations at the company’s Train 7 expansion project on Bonny Island. The agreement extends a more than 20-year relationship between the companies and will provide long-term support for equipment installed as part of the expansion, which is expected to increase the plant’s […]
Eco Atlantic Oil & Gas has received ministerial approval from Namibia’s Ministry of Industries, Mines and Energy for the farm-out of its 85% participating interest in offshore Petroleum Exploration Licence (PEL) 98 to Namibian-owned Lamda Energy, clearing the final government approval required for the transaction. The approval satisfies Section 11 requirements under Namibia’s Petroleum (Exploration and Production) Act. […]
Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter.
Zephyr Energy has expanded its operated position in Utah’s Paradox basin by acquiring approximately 27,000 additional acres, doubling its acreage around the company’s White Sands Unit (WSU) and strengthening its development position in the Cane Creek reservoir.
Saudi Aramco has resumed crude oil loadings at its Ras Tanura terminal after a halt that has lasted nearly four months, Reuters reported on Friday.
Aker Solutions has been awarded a five-year engineering and maintenance services agreement by Cenovus Energy to support operations at the White Rose field offshore Newfoundland and Labrador, Canada.
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
François Bacci, managing director of Ponticelli Angola, talks to The Energy Year about shifting towards maintenance and life-extension projects as activity in Angola’s upstream projects levels off and leveraging the group’s downstream and renewables capabilities to capture opportunities.
Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes.
ACCRA, June 26 (Xinhua) — Ghanaian President John Dramani Mahama late Thursday performed the official groundbreaking for the expansion of the Chinese-built Sentuo oil refinery project in Tema, Ghana’s eastern port city, to increase production from 40,000 barrels per stream day to 100,000.