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Nigeria approves Shell’s onshore asset sale to Renaissance

*Shell logo – Signaling new era for local firms Lagos — The Nigerian government has granted approval to Shell for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, according to […]

Dangote partners MRS to retail PMS at N935/litre nationwide

*A view of the Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. – Hails Tinubu on crude in Naira sale Mkpoikana Udoma Port Harcourt — The President of […]

BP, Iraq take another step toward reviving Kirkuk oil field

(Bloomberg) – BP Plc and the Iraqi government took another step toward reviving one of the OPEC member’s most prolific oil and gas resources, the Kirkuk field. The agreement on technical terms to redevelop the […]

READ, ANSA acquired by consortium of Norwegian investors, strengthening well-integrity business

READ (including subsidiaries READ Cased Hole and ANSA) has announced a new chapter in their corporate evolution within global well-integrity services and solutions. Since the establishment of a joint ownership model with HydraWell in 2022, […]

US drillers keep oil and natgas rigs unchanged for second week

*Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford News wire –– U.S. energy firms this week kept the number of oil […]

Trump threatens EU with tariffs over oil and gas imports

U.S. President Donald Trump speaks about Iran and the Iran nuclear deal in the Diplomatic Room of the White House in Washington, U.S., October 13, 2017. REUTERS/Kevin Lamarque News wire –– U.S. President-elect Donald Trump […]

TIPRO analysis shows Texas upstream job decline after months of growth

The Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a decline in upstream employment in Texas in the month of November following five months of consecutive growth. The TIPRO […]

Sercel secures contract to deploy TPS solution for Gulf of Mexico survey

Sercel has announced a contract with a marine geophysical company for the deployment of its Tuned Pulse Source (TPS™), an innovative low-frequency broadband marine seismic source, and the provision of related support services. The geophysical […]

Shell oil spill at Bonny Export Terminal threatens local economy

…Floating dead fishes spark environmental concerns …Company suspends export operations *The Shell oil spill in Bonny Mkpoikana Udoma Port Harcourt — A massive oil spill at Shell Petroleum Development Company’s loading terminal in Bonny, Rivers […]

PETROAN hails Dangote Refinery for reducing PMS price to N899/litre

… Urges NNPCL to follow suit *Fuel dispenser pump Mkpoikana Udoma Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has hailed Dangote Refinery for reducing the ex-depot price of Premium Motor […]