Chevron Announces $725 Million Loss for the First Quarter

Chevron  Announces $725 Million Loss for the First Quarter American multinational energy corporation Chevron on Friday reported a loss of $725 million for the first quarter 2016, compared with earnings of $2.6 billion in the same period last year, after suffering an impact of low oil price. According to Chevron’s 1Q report on Friday, foreign currency effects …

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DPR Impounds Truck with 40,000 Litres of Fuel being Diverted to Cameroun

DPR Impounds Truck with 40,000 Litres of Fuel being Diverted to Cameroun Guardian – The Department of Petroleum Resources (DPR) in collaboration with the Cross River State Task Force on Petroleum Resources has impounded a truck belonging Virgin Coast Limited with 40,0000 litres of Premium Motor Spirit (PMS) heading for the Republic of Cameroun. The …

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Petrofac Secures BP’s Miller Platform Contract

Petrofac Secures BP’s Miller Platform Contract Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea. The contract is for ‘life of asset’ but has a four-year ceiling at which point extension options will be reviewed as required. Petrofac …

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