Nigeria’s Liquefied Petroleum Gas, LPG, import dipped by 35.13 per cent to 57,187.75 metric tonnes in vacuum, MT VAC, in September 2020, against 88,157.108 MT VAC recorded in the previous month, August 2020. According to the September 2020 LPG supply data of the Petroleum Products Pricing Regulatory Agency, PPPRA, the LPG,
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A massive oil well fire that raged for more than five months in northeast India has finally been extinguished, officials said Sunday. Oil India engineers had battled the blaze in Assam state since an explosion in June, weeks after the well blew out and began discharging huge quantities of natural gas. Two
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The Federal Government is seeking to bring transparency in oil industry and impose sanctions on firms that fail to, or partially publish details of their contracts as well as payments to governments and private sector annually. The Federal Government is also seeking to compel oil and gas firms to submit data
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Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025, due to effects of the COVID-19 pandemic on the global petroleum industry, according to a report published by the African Energy Chamber, AEC. The AEC, in its African Energy Outlook 2021, obtained weekend, disclosed
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The Federal Government said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked a team of geological engineers from the University of Maiduguri who were engaged by Nigeria National Petroleum Corporation
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The Department of Petroleum Resources of Ministry of Petroleum Resources have issued new guidelines for implementation in the Nigeria Oil and Gas industry. The guidelines approved by the Director/CEO are: 1. Safety Case Guidelines for Oil and Gas Facilities in Nigeria; 2. Guidelines for Work at Height and Confined Space Entry; 3. Guidelines for
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US oil giants ExxonMobil and Chevron reported another quarter of red ink Friday as uncertainty over oil demand dented by the coronavirus forced the petroleum sector to rein in spending. While both companies were hit by low commodity prices, driven the worldwide business and travel shutdowns, ExxonMobil had the bigger loss and
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Total and its partners have discovered a second large gas condensate field on block 11B/12B in the Outeniqua basin, 175 km (109 mi) off the southern coast of South Africa. The Luiperd-1X discovery well, drilled by the semisubmersible Deepsea Stavanger in 1,800 m (5,905 ft) of water, follows the play-opening Brulpadda
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Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group. The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of gas, but currently not progressing toward development. These
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A message from Darren Woods – Employee Forum As you may know, today we held an employee forum at our campus in Houston. Unfortunately the pandemic limited the number of people who could attend and, given the time differences of our businesses around the world, I thought it might be useful
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