Market News
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Panoro Energy starts drilling Aje-5 offshore Nigeria
Posted on :Friday , 7th August 2015
Panoro Energy ASA (Panoro), the London-based E&P company, has announced that drilling has commenced on the Aje-5 production well on the OML 113 license offshore Nigeria
The Aje-5 well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig at a depth of 300 metres from a seabed location close to Aje-4. Following drilling, the Aje-5 well will be completed . . .
Kaduna Refinery to Hit 90 Percent Production Efficiency, Says MD
Posted on :Friday , 7th August 2015
The managing director, Kaduna Refining and Petrochemicals Company, Saidu Mohammed, on Friday said the refinery will hit 90 per cent production of its 110,000 installed capacity.
PREMIUM TIMES gathered that the refinery had been operating at 60 per cent production capacity before commencement of the turn-around maintenance in October 2014.<. . ..jpg)
AFRICAN OIL & GAS ORGANISATIONS PLAN FOR AN UPTURN IN THE OIL PRICE: PWC SURVEY
Posted on :Thursday , 6th August 2015
AFRICAN OIL & GAS ORGANISATIONS PLAN FOR AN UPTURN IN THE OIL Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014.
“While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil. . .
Buhari says oil sector reforms on the cards
Posted on :Monday , 3rd August 2015
NIGERIAN Muhammadu Buhari has assured investors his administration would implement reforms to boost accountability and transparency in the country’s oil and gas industry.
Speaking at a meeting with senior officials of Chevron, the oil company, led by the company’s President for Africa and Latin America, Ali Moshiri, Buhari declared that his administration was ready to effe. . .
Tullow to resume Ghana exports in August
Posted on :Monday , 3rd August 2015
TULLOW, the leading independent oil exploration and production company, announced exports from the Jubilee Field to the Ghana Gas plant would resume next month.
Exports at the Atuabo facility were suspended earlier this month due to technical issues with gas compression systems on the FPSO (Floating production storage and offloading) Kwame Nkrumah.Oil production is curren. . .Please Select an Option
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