ABB powers electric transportation in Switzerland
Davos, Switzerland – ABB powers first e-shuttle to annual meeting of 2019 World Economic Forum in Davos which took place from January 22-25. Leaders and industry players of all sectors …
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Shell trains Special Seabed Survey Professionals
The Shell Nigeria Exploration and Production Company trains three Nigerians in special seabed survey IN ANOTHER first in the Nigerian oil and Gas industry, Shell Nigeria Exploration and Production Company, …
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Enugu IPMAN suspends strike after government’s intervention
THE Enugu chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday announced the suspension of its strike started on Tuesday. Chief Ikechukwu Nwankwo, the Chairman of the …
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Shell, Partners sign 300m Cubic Feet Gas FID
The Shell Petroleum Development Company of Nigeria Limited and its joint venture partners move to fulfill Nigeria’s domestic gas aspiration by signing the final investment decision agreement for 300 million …
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Nigerian widows give evidence against Shell over executions
A two-decade fight over whether Royal Dutch Shell contributed to the execution of nine Nigerian oil-industry critics has landed at the company’s doorstep. A court in The Hague, Netherlands heard …
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Oil tanker market shrugs off concerns, remains bullish
Despite the oil market glut and a collapse in charter rates for oil tankers, experts see a turn around in the market and good times for the tanker charter business. …
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Oil gains 2 pct as Saudi Arabia readies more supply cuts
Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than …
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Egypt announces winners in oil and gas exploration bid round
Egypt announced the winners of an international bid round for oil and gas exploration on Tuesday, with a total of 12 concessions awarded. The companies awarded oil exploration concessions included …
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OPEC daily basket oil price close at $61.40 per barrel
The price of OPEC basket of fourteen crudes stood at $61.40 a barrel on Monday, compared with $61.37 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes …
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Indian investors may join Brookfield’s investment trust for East West Pipeline buy: report
A set of Indian investors are keen to join the infrastructure investment trust (InvIT) led by Brookfield Asset Management Inc to buy East West Pipeline Ltd (EWPL) for an enterprise …
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Total CEO committed to Cyprus exploration and considering petrochemicals in Egypt
Total is committed to continuing its exploration work in Cyprus, Chief Executive Patrick Pouyanne told Reuters on Monday, part of a major exploration campaign for 2019 focused on areas known …
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Chevron issues update to climate report for investors
Chevron Corporation today published an update to its March 2018 report describing the company’s approach to managing climate change risks and its resilience under a low carbon scenario. The update …
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Oil falls on U.S. factory data, but supply lifts price outlook
Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down from 2019 highs. Despite the slide, investors expect U.S. sanctions …
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W. Africa Crude – Demand for Angolan stays firm; Europeans consider taking Nigerian
Demand for Angolan crude from Chinese refiners in the run-up to the lunar new year holiday has all but drained supplies of March-loading cargoes, while Nigerian differentials have held up …
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RoyalGate Energy Extends License in Equatorial Guinea
Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas HOUSTON, United States of America, January 28, 2019/ — The company plans to drill in Block Z; Equatorial Guinea’s …
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South Sudan enters into an Agreement with the African Energy Chamber to provide Technical Assistance to its Petroleum Sector
This technical assistance will support South Sudan in building an enabling environment for business and a world-class oil industry for the benefits of all citizens and investors JUBA, South Sudan, …
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Hanergy to set up the region’s first thin-film solar power industrial park in Middle East
The total investment of the project will be over one billion dollars RIYADH, Kingdom of Saudi Arabia, February 1, 2019/ — The world’s largest thin-film solar power solution company, Hanergy …
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AITEO FOUNDER, BENEDICT PETERS awarded FIN African Icon of the Year, 2018.
International business leader and founder of Aiteo Group, Benedict Peters was awarded African Icon of the Year at the Foreign Investment Network (FIN) and Federal Ministry of Petroleum Resources Honorary Patrons …
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Advancing Multilateral Collaboration Tops Agenda as Egypt Hosts the Third EGYPS Strategic Conference
North Africa & the Mediterranean’s Largest Oil and Gas Conference Returns to Egypt in February 2019 Cairo, Egypt, 23 January 2019 – The Egypt Petroleum Show (EGYPS) returns …
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Owowo survey on offer by ExxonMobil
ExxonMobil is in the market for a contractor to carry out geophysical and geotechnical work in preparation for its Owowo deep-water project off Nigeria. Pre-qualification documents have been released for …
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Buhari orders NNPC to extend oil exploration to six basins
President Muhammadu Buhari has directed the Nigerian National Petroleum Corporation (NNPC) to extend its crude oil exploration to six basins in the country. Mr Buhari gave the directive at Barambu …
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Kachikwu inaugurates APPO Executive Board
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, recently inaugurated the executive board of the African Petroleum Producers’ Organization (APPO). Kachikwu, who is currently the Chairman of …
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Shell Emerges Local Content Operator of the Year at PETAN Awards
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has emerged the Local Content Operator of the Year 2018 at the Annual Oil Industry Achievement Awards Dinner of the Petroleum …
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Oilserv Limited Bags 2018 Industry Achievement Award
Oilserv Limited bagged the 2018 Distinguished Achievement Award (Corporate) at the 2018 Annual Oil Industry Achievement Dinner and Awards of the Petroleum Technology Association of Nigeria (PETAN) an association of …
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PETAN Recognizes Outstanding Industry Leaders at Annual Dinner
The Petroleum Technology Association of Nigeria (PETAN) recently held its annual Dinner/Award night in Port Harcourt, Rivers State. Guests at the occasion included representative of the Governor of Rivers State:NyesomWike; …
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Ghana’s First Oil Exploration Licensing Round Attracts Global Major
Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country’s first exploration licensing round, its energy ministry said. …
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Total’s Egina Achieves First Oil, Boosts Nigeria’s Production
French oil major Total has started oil production from its Egina field offshore Nigeria. Total which started up production on December 29, 2018, has announced in a statement released on …
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Forte Oil to sell power unit to Femi Otedola
Leading energy company, Forte Oil, says it will commence talks with a view to selling its power unit to Mr. Femi Otedola, the company’s major investor. The company said in …
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OPEC cuts offset headwinds from slowing economy – Kemp
Oil traders seem increasingly convinced OPEC’s prompt action in cutting production will be enough to offset the impact of rising shale production and slowing global growth. Brent futures prices have …
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