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Oil & Gas
9 marginal fields accounted for 12. 43 million barrels…
The Nigerian National Petroleum Corporation’s (NNPC) monthly petroleum information reveals that the nine marginal…
OPEC cuts 2015 demand, says low prices may slow shale
Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group said…
Emerging scenarios from dwindling oil price
Falling oil prices have triggered a wave of cutbacks and scenarios in the industry. International Energy Agency…
ConocoPhillips to spend less in 2015
ConocoPhillips said its 2015 capital budget would be 20 percent, or about $3 billion, lower than this year’s, the…
Lower oil prices prompt interest rate cut
In a surprise move, Norway’s central bank has cut its key lending rate as it frets over the impact of the sharp…
Oil workers begin nationwide strike today over…
Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and Nigerian…
Oil price war: Saudis take fight to US turf
Saudi Arabia has launched a third-wave attack in its oil price war this time targeting the US shale oil producer.…
New legislation prop Mozambique’s LNG to displace…
Mozambique’s ambition to displace Nigeria and other LNG producers in Africa like Algeria, Egypt and Equatorial…
Local Content implementation drives growth in oilfield…
The Nigerian oilfield services (OFS) sub-sector is in a growth phase, with a forecasted compound annual growth rate…
Halliburton announces Baker integration plan
After one of the biggest merger deals of the year, Halliburton is moving forward with the announcement of its new…
Global LNG-prices flat as demand remains weak
Asian spot liquefied natural gas (LNG) prices were little changed for January delivery as trade stayed thin and…
Oil drops on Saudi price cut
Oil dropped as the debate over pricing continued after Saudi Arabia announced deep discounts for the crude it sells…