Statoil takes new step, tripples its production in Brazil

Statoil takes new step, tripples its production in Brazil Statoil ASA and Petróleo Brasileiro S.A. – Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation …

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Algerian gas project hits success line, as first gas is produced

Algerian gas project hits success line, as first gas is produced The Groupement Reggane Nord (GRN) consortium, of which DEA is part with a 19.5% stake, announced that production from four out of six Reggane Nord gas fields commenced successfully on Dec. 13, 2017. The first wells have been put in production. A total of …

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NNPC calls foreign investors to invest in its new project

NNPC calls foreign investors to invest in its new project The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has called on foreign investors to partner with the Corporation in its multi-billion dollar projects expected to come up in the New Year. Dr. Baru, who made the call in London …

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Epoxy Oilserv Unveils Epochem 505 Rig Wash, Best Rig wash in Nigeria

Epoxy Oilserv Unveils Epochem 505 Rig Wash, Best Rig wash in Nigeria Epoxy Oilserv Nigeria unveils the best all purpose heavy duty all purpose rig wash cleaner EPOCHEM 505 RIG WASH. The brand manager of Epoxy Oilserv Limited Ms. Josephine Ebere Uba confirms this in a statement in her office at Apapa Lagos Nigeria.  “Stains, …

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