Market News
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Eco Atlantic completes 3D survey in Namibian basin
Posted on :Tuesday , 18th November 2014
Eco Atlantic Oil & Gas Ltd. has completed its 3D seismic survey across 1,097 sq km on the Cooper block located in the Walvis Basin, offshore Namibia
The survey, which began on 16 October 2014, was executed by PGS Geophysical Ltd. using high resolution GeoStreamer technology, and PGS Geophysical has already commenced processing the data, revealed officials from Eco Atlantic.<. . ..jpg)
Halliburton offers $35 billion for Baker Hughes
Posted on :Tuesday , 18th November 2014
Energy industry products and services provider Halliburton and leading supplier of oilfield services, products, technology and systems Baker Hughes have announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction at an equity value of $34.6 billion and enterprise value of $38.0 billion.
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Nigeria: Fresh Oil Spill in Bayelsa Community
Posted on :Monday , 17th November 2014
Knowing where you are going is the first step to getting there' - Ken Blanchard
To many Nigerians, Diezani Alison Madueke's name may not have been found in the list of Nigeria's high-ranking political gladiators before assuming her present position as the nation's Minister of Petroleum Resources about three years ago.As has been obser. . .
Govt signs Shs12 trillion contract for oil pipeline feasibility study
Posted on :Monday , 17th November 2014
The government has signed a contract with Toyota Tsusho, a Japanese company to carry out a feasibility study that will see the crude oil pipeline construction start
The government has signed a contract with Toyota Tsusho, a Japanese company to carry out a feasibility study that will see the crude oil pipeline construction start.Energy minister Irene Muloni signed th. . ..jpg)
East Africa Puts Pressure on Exploration Investment in Nigeria
Posted on :Friday , 14th November 2014
Nigeria is no longer the preferred destination for oil exploration in Africa, the Managing DirectorChief Executive, Total Upstream Company in Nigeria, Elisabeth Proust, has said.
Proust attributed this to stiff competition from East Africa with large volumes of gas discovered in Mozambique, Tanzania, Kenya and Angola.According t. . .Please Select an Option
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