Market News
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Multiclient Seismic Data Offshore Mozambique Now Available
Posted on :Wednesday , 12th November 2014
Schlumberger has announced the availability of its multiclient seismic survey offshore Mozambique. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data, and provides detailed imaging of the subsurface.
According to the president. . .BP expands in Egypt with $240 million investment in two new exploration blocks
Posted on :Monday , 10th November 2014
BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases.
Block 3 - North El Mataria is BP's first entry into the Onshore Nile Delta. The block is located in the northeastern part of the Nile D. . .Nigeria continues to import large volumes of US jet fuel
Posted on :Monday , 10th November 2014
According to the latest data from the U.S Energy Information Administration; Nigeria, Africa’s biggest crude oil producer, continued to import a large volume of jet fuel, drawing the highest volume from the United States in August, The Punch reports.
The country imported 1.51 million barrels of US jet fuel in the month, surpassing Canada’s import o. . .Cairo s ultra-green complex to feature energy efficient technologies
Posted on :Friday , 7th November 2014
The upcoming Cairo’s Gate Residence has taken the use of energy saving and technologies in buildings to another level. Construction of the complex is such a way that it will minimize environmental impact using a host of technologies. It will feature windcatchers, wind turbines, geothermal cooling, solar panels, solar heater tubes and wind turbines.
Const. . .Nigeria: Oil Revenue Disclosure From Nigeria, Others Hits U.S.$1.3 Trillion
Posted on :Thursday , 6th November 2014
THE Nigerian government and its counterparts in Extractive Industries Transparency Initiative (EITI) compliance countries have disclosed over $1.3 trillion worth of revenue from oil, gas and mineral resources as at October 2014.Besides, EITI has won the support of over 90 global investment institutions that collectively manage . . .Please Select an Option
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