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Excerpts:

NEPTUNE COMPLETES ACQUISITION OF ENGIE E&P INTERNATIONAL SA

Neptune Energy Group (“Neptune” or the “Company”), announced the completion of the acquisition of ENGIE E&P International SA (“EPI”). The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and South East Asia, producing 154,000 net barrels of oil equivalent per day in 2017. Neptune’s new global platform offers […]
Read on »

Aker BP Find Oil in Norway

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30-60 million barrels of oil equivalents (mmboe), which is significantly more than the company’s pre-drill estimates of 3-21 mmboe. The discovery also has […]
Read on »

ADNOC’s Artificial Intelligence and Big Data Centers

UAE Minister of State for Artificial Intelligence, H.E. Omar bin Sultan Al Olama has visited the Abu Dhabi National Oil Company’s (ADNOC) Panorama Digital Command Center and Thammama Subsurface Collaboration Center to see how the company is using big data technologies and, increasingly, artificial intelligence to help extract maximum value from its assets and resources. […]
Read on »

ADNOC Signs Offshore Concession Agreement with Cepsa

On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company and operates […]
Read on »

GE & Marinus Energy to build Waste Gas to Power plant in Ghana

As developing countries embrace innovation that will guarantee faster solutions to energy challenges, GE Power (NYSE: GE) and Marinus Energy announced a pilot project to capture Isopentane gas and use it as a fuel source for generating electricity. The Atuabo Waste to Power Independent Power Project (“Atuabo”) will be the first TM2500 power plant in […]
Read on »

Noble announce full-year 2017 financial and operating results

Noble Energy, Inc. (NYSE:NBL) announced fourth quarter and full-year 2017 financial and operating results. Highlights include: • Strengthened the balance sheet through non-core asset divestitures and retired approximately $570 million of Noble Energy debt in the fourth quarter. • Delivered record quarterly U.S. onshore oil volumes and growth of over 40 percent(1) from first quarter […]
Read on »

Noble Increases Proved Reserves by 37 Percent

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced total proved reserves of 1.965 billion barrels of oil equivalent as of December 31, 2017, a net increase of 528 million barrels of oil equivalent (MMBoe) versus year-end 2016. Organic reserve additions, comprised of extensions, discoveries and performance and price revisions, totaled 871 MMBoe […]
Read on »

Small-scale LNG market to grow driven by smaller customers

A mobile station for metering liquefied natural gas, designed by PGNiG engineers, may revolutionise the “small-scale LNG” market in Poland. Smaller consumers will be able to buy only a part of the standard tanker’s gas load. Engineers from the PGNiG Central Measurement and Testing Laboratory have designed the mobile station, named SMOK (DRAGON), to accurately […]
Read on »

Ghana launches Petroleum Register

The Deputy Minister for Energy in charge of Petroleum, Dr. Mohammed Amin Adam, has on Monday, February 5, 2018 launched the Petroleum Register in accordance with the provisions of the Petroleum Exploration and Production Law. The Petroleum Register is an online platform of a Public Register that host Petroleum Agreements and contracts ratified by Parliament […]
Read on »

African Countries in Oil Sector

NNPC Advocates Closer Ties among African Countries in Oil Sector The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this submission during his […]
Read on »

Excerpts:

NEPTUNE COMPLETES ACQUISITION OF ENGIE E&P INTERNATIONAL SA

Neptune Energy Group (“Neptune” or the “Company”), announced the completion of the acquisition of ENGIE E&P International SA (“EPI”). The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and South East Asia, producing 154,000 net barrels of oil equivalent per day in 2017. Neptune’s new global platform offers […]
Read on »

Aker BP Find Oil in Norway

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil. Preliminary analysis indicate a discovery size of 30-60 million barrels of oil equivalents (mmboe), which is significantly more than the company’s pre-drill estimates of 3-21 mmboe. The discovery also has […]
Read on »

ADNOC’s Artificial Intelligence and Big Data Centers

UAE Minister of State for Artificial Intelligence, H.E. Omar bin Sultan Al Olama has visited the Abu Dhabi National Oil Company’s (ADNOC) Panorama Digital Command Center and Thammama Subsurface Collaboration Center to see how the company is using big data technologies and, increasingly, artificial intelligence to help extract maximum value from its assets and resources. […]
Read on »

ADNOC Signs Offshore Concession Agreement with Cepsa

On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company and operates […]
Read on »

GE & Marinus Energy to build Waste Gas to Power plant in Ghana

As developing countries embrace innovation that will guarantee faster solutions to energy challenges, GE Power (NYSE: GE) and Marinus Energy announced a pilot project to capture Isopentane gas and use it as a fuel source for generating electricity. The Atuabo Waste to Power Independent Power Project (“Atuabo”) will be the first TM2500 power plant in […]
Read on »

Noble announce full-year 2017 financial and operating results

Noble Energy, Inc. (NYSE:NBL) announced fourth quarter and full-year 2017 financial and operating results. Highlights include: • Strengthened the balance sheet through non-core asset divestitures and retired approximately $570 million of Noble Energy debt in the fourth quarter. • Delivered record quarterly U.S. onshore oil volumes and growth of over 40 percent(1) from first quarter […]
Read on »

Noble Increases Proved Reserves by 37 Percent

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced total proved reserves of 1.965 billion barrels of oil equivalent as of December 31, 2017, a net increase of 528 million barrels of oil equivalent (MMBoe) versus year-end 2016. Organic reserve additions, comprised of extensions, discoveries and performance and price revisions, totaled 871 MMBoe […]
Read on »

Small-scale LNG market to grow driven by smaller customers

A mobile station for metering liquefied natural gas, designed by PGNiG engineers, may revolutionise the “small-scale LNG” market in Poland. Smaller consumers will be able to buy only a part of the standard tanker’s gas load. Engineers from the PGNiG Central Measurement and Testing Laboratory have designed the mobile station, named SMOK (DRAGON), to accurately […]
Read on »

Ghana launches Petroleum Register

The Deputy Minister for Energy in charge of Petroleum, Dr. Mohammed Amin Adam, has on Monday, February 5, 2018 launched the Petroleum Register in accordance with the provisions of the Petroleum Exploration and Production Law. The Petroleum Register is an online platform of a Public Register that host Petroleum Agreements and contracts ratified by Parliament […]
Read on »

African Countries in Oil Sector

NNPC Advocates Closer Ties among African Countries in Oil Sector The Nigerian National Petroleum Corporation (NNPC) has called for closer collaboration among African nations not only in oil and gas but across all sectors to leapfrog the economies in the continent. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this submission during his […]
Read on »

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