More Good news coming on NNPC and Transparency, Opens Bid for Offshore processing arrangements Publicly The Nigerian National Petroleum Corporation, NNPC, on Thursday conducted the public opening of bids tendered by a total of 101 Nigerian and multi-national companies competing for the award of Offshore Processing Arrangements, OPA. In the OPA, the NNPC undertakes to…
Total sells 15% interest in the Gina Krog field in Norway Total has signed an agreement to sell a 15% interest in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will total 1.4 billion NOK. The transaction is subject to the approval of the Norwegian…
We do not have anything to do with $25M paid by Indian Firm for Oil block writes Ohi Alegbe, the group general manager, group public affairs division of the NNPC The Nigerian National Petroleum Corporation (NNPC) has condemned the linking of its name with the failed bid by an Indian company, Oil and Natural Gas…
Iran Will Regain Production Level status After Sanctions is Lifted Iran will boost its crude oil production within one week once international sanctions are lifted and is determined to regain its lost market share, senior Iranian oil officials reiterated on Oct. 19 according to Oil and Gas Investors Iran will raise production by 500,000 barrels per day…