Chevron welcomes new CEO as Watson bows out

Chevron welcomes new CEO as Watson bows out According to a report filed by Offshore Energy Today U.S. oil major Chevron Corporation has announced that its board of directors elected Michael K. Wirth as chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board …

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NPDC Emerges as 5th Largest Oil Producer in Nigeria

NPDC Emerges as 5th Largest Oil Producer in Nigeria Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation (NNPC) is poised to grow its equity production from the current 180,000 bpd to 300,000 bpd by 2018. Production is also projected to hit 400,000 bpd and 500,000 bpd by 2019 and …

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UK govt announces £5 million funding for Oil and Gas Authority

UK govt announces £5 million funding for Oil and Gas Authority The Oil and Gas Authority (OGA) has been awarded a £5 million ($6.75 M) UK government fund for 2018/19 to survey under-explored areas of the UK Continental Shelf to find potential new deposits reports Offshore Energy Today The Chancellor of the Exchequer and head …

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Address the rising oil output from Libya and Nigeria says Iran

Address the rising oil output from Libya and Nigeria says Iran OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said. Compliance with the output cuts is “acceptable,” Zanganeh told reporters Sunday in Tehran. …

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