These are features of Oil and gas, industrial and other relevant news
International investment agency backs a $200m Nigeria Gas Deal The Multilateral Investment Guarantee Agency (Miga) has announced its first engagement in Nigeria’s gas sector. Miga is providing a guarantee of US$200mn against the risk of expropriation to Accugas Ltd, a subsidiary of independent Nigerian oil and gas company Seven Energy, which is investing in mid-stream…
LekOil raises US$46m for a new exploration asset in Nigeria while gaining a 62% interest in 5.7bn barrels of prospective oil resources near the Ogo discovery via a US$40mln deal proactive investors reports LekOil (LON:LEK) has confirmed it has now closed a US$46mln share placing to fund its acquisition of a controlling stake in a potentially…
Read how New Oil and Gas Technology Respects Moores law thereby Boosting Production by Joanna Ebizie in drilling info Have you ever heard of Moore’s Law and how it influenced the technology industry? Gordon Moore, founder of Intel, predicted that improvements in technology would double about every two years and deliver smaller, better technology. The…
Vietnams PV drilling Making country Hottest investment Zone in Asia The petroleum industry has helped Vietnam become one of the hottest investment destinations in Asia, and despite oil prices taking a hit this year, there is still room for expansion, PV Drilling reports In Southeast Asia, Vietnam has emerged as one of the most attractive…