Nigeria National Oil company NNPC has announced it will deploy drones to curb oil thefts in the country. The announcement was made by Emmanuel Ibe Kachikwu, the newly appointed chief of state-run oil company Nigerian National Petroleum Corporation (NNPC). Nigeria is Africa’s biggest oil producer and oil generates about 70% of government revenues. However, frequent…
Shell Finds Hydrocarbon in Australia Shell has made a hydrocarbon discovery on the West-1 (Auriga) well on the northern Browse Basin offshore Australia. Shell has been drilling the well, in Petroleum Permit Area AC/RL9, using the Stena Clyde semisubmersible drilling rig, 200km offshore northwest the Kimberley coast and 600km north-north east of Broome in 150-200m…
Subsea 7 Awarded $150 million North Sea Culzean Development Contract Subsea 7 has revealed according to the BBC it won the award of a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil with a value in excess of $150 million for the Culzean development. The Culzean, one of the largest gas discoveries offshore…
BG Group wants to Sell Gas Field for $1.2 billion BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand’s huge Bongkot offshore gas field, people familiar with the matter said. The move represents the first major…