Schlumberger inks $700 Million Oilfield JV Deal with Nigeria’s NNPC

Schlumberger inks $700 Million Oilfield JV Deal with Nigeria’s NNPC YENAGOA, Nigeria June 29 (Reuters) – Nigeria’s state oil company said on Thursday it had agreed a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub. The Nigerian National Petroleum Corporation (NNPC) …

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Trump Calls For US Global Oil and Gas Energy Dominance

Trump Calls For US Global Oil and Gas Energy Dominance   In yet another branded White House initiative, it’s Energy Week. President Trump will be focused on American “energy dominance,” and touting the boom in U.S. fossil fuels and plans to support and increase energy exports. according to the reporting by Roberta Rampton of Reuters A ban …

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Shell Considering investment in gas projects in Niger Delta

Shell Considering investment in gas projects in Niger Delta Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, the managing director of the local unit said on Tuesday. Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf).   Shell confirms new …

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Exxon Mobil escapes $74-billion fine from Chad

Exxon Mobil escapes $74-billion fine from Chad According to WorldOil Exxon Mobil Corp. reached a settlement with Chad over tax payments, avoiding a $74-billion fine the Central African country had imposed on the oil major. The deal also means that Exxon will be able to keep its exploration permit in the country through 2050, Chad Petroleum …

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