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Oil & Gas
Brent inches upwards
Brent crude futures rose towards $94 per barrel after a three-day slide pulled prices to their lowest since 2012,…
14 LNG projects to get EU’s TEN-T funding
As part of the funding made available by the EU’s TEN-T Programme, a total of 14 LNG projects have been recommended…
Saipem bags $750 million EPCI contract from Pemex
Italy’s Saipem announced that it has been awarded new offshore Engineering & Construction contracts in the Gulf…
BP Oman awards $730 million drilling contracts
BP Oman has announced that the firm has awarded two long term drilling contracts for the Khazzan project in Block…
Kosmos to buy into offshore blocks
Kosmos Energy is set to sign a $400 million “farm-in” agreement with Senegal’s state-owned hydrocarbon firm…
Camac reports massive increase in P50 resources
CAMAC Energy has announced an updated independent assessment of the company’s prospective resources for four…
UK gas imports down in Q2
Driven by low demand, total gas imports in the UK have fallen 20 per cent in the second quarter of this year,…
Nigeria’s gas production declined by 4.2 billion cubic…
In 2013, Nigeria’s natural gas production levels dropped by 9.8 percent or 4.2 billion cubic metres, from the 42.6…
Ghana positioning as energy hub of West Africa
Recent erratic power supply in Ghana has left citizens bewildered; most especially, businesses and industries that…
Indigenous oil firms record 87 percent growth in gas…
The indigenous oil firms grew gas production by 87 percent as shown by the Nigerian National Petroleum Corporation…
Eni wins three exploration licenses
Eni has won three new exploration licenses in Egypt as a result of the 2013 Egyptian General Petroleum Corp. (EGPC)…
Saudis to maintain oil output after biggest cut since…
Saudi Arabia, the largest crude producer in OPEC, plans to keep output steady until the end of the year after…