NEW YORK CITY – In its latest Offshore Oracle report, Evercore ISI commented that “our bullish view about the offshore markets was already strong,” and key data points offered by SLB in a recent investor presentation in New York City “further validated our viewpoint.”
The government last week released the bill which is intended to replace the Petroleum (Exploration and Production) Act 1986 and a two-week period for comments was set aside, Yesterday, a statement from the Office of the Opposition Leader, raised several reservations and said more detail will be provided when the legislation is presented to the National Assembly.
Indonesia’s state energy company Pertamina has secured around $3.1bn in financing to fund the upgrade of the Balikpapan refinery on Borneo Island in East Kalimantan, to strengthen national energy resilience.
Petrofac has issued the following pre-close trading update for the six months ending 30 June 2023.
Africa’s leading oil producers and exporting countries, depend heavily on the natural resource for their foreign exchange earnings.
TechnipFMC deems the contract to be a “significant” one since it is between $75 million and $250 million. Thanks to this deal, the company will supply subsea production systems for Azule Energy’s Block 18 Infills development, offshore Angola.
ABUJA, Nigeria (AP) — A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in the fishing and farming communities in part of the Niger Delta, which has long endured environmental pollution caused by the oil industry.
Equinor, ExxonMobil, Occidental Petroleum and Schlumberger are examining how their technology could be used to process lithium.
The assurance is contained in a statement issued on 24 June under the hand of both the board of directors and the management of TOR
Trillion Energy International has announced recompletion of the West Akcakoca-1 gas well resulting in an increase of production to 5.3 MMcf/d at the SASB gas field, offshore Turkey. Two additional gas bearing intervals, 3,561.5 to 3,564.5 metres MD (measured depth) and 3,498.5 to 3,501.5 metres MD, for a total of 6 metres were perforated and put onto production at about 5.3 […]