oil and gas news

Alcatel-Lucent to deliver broadband connectivity to oil and gas production facilities offshore Angola – Alcatel-Lucent Submarine Networks, the undersea cables subsidiary of Alcatel-Lucent (Euronext and NYSE: ALU), has been awarded the development of the Sonangol Offshore Optical Cable (SOOC), a critical infrastructure project which will dramatically reduce the cost-per-bit associated with the delivery of data traffic to…

Eland Oil and Gas an Aberdeen Oil and Gas Firm expresses confidence in Nigeria, commits investment ABERDEEN-based Eland Oil & Gas is facing fresh challenges in Nigeria but has emphasised its commitment to investing in the country where directors believe the new administration is doing good things. Announcing a $10.3m (£6.8m) first half loss Aim-listed…

Buhari Will become Petroleum Minister, Holds two most powerful office in Nigeria  Nigeria’s president Muhammadu Buhari has finally named his petroleum minister. Himself. Buhari, who won a landslide election in March of this year, has decided to keep hold of the country’s most important portfolio, in order to drive through much-needed reforms to the sector….

Shell Stops 400,000 BPD Forcados Pipeline Exports After leak declares force majeure WARRI, Nigeria (AP) — Shell Nigeria says yet another leak on the Trans Forcados Pipeline is forcing it to stop exports from the terminal that carries one fifth of Nigeria’s exports. It gave no reason for the leak on the aging pipeline which suffers…