U.S. oil company Chevron Corp said on Wednesday it was selling its 40 percent stakes in two more shallow water Nigeria offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area. Earlier, Chevron had divested its 40% stakes in the OMLs 83 and 85. The properties had been sold to…
Arising from the dwindling crude oil price and attendant reduction in cost of operations in oil and gas capital allocations the newest subsea team targets 80% reduction in the traditional cost of subsea tree installations. This is a  group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose…
Press Release: (Lagos 20th May 2015). Epoxy Oilserv awarded right to Distribute Aeroshell Turbine Lubricants to Power plants, Marine plants fitted with Industrial Gas Turbines (IGT’s) in Nigeria. Epoxy Oilserv Limited Nigeria is now distributor for Aeroshell Lubricants for Power plants, Marine Vessels installed with industrial gas Turbines (IGT) in Nigeria. The Award was announced…
Shell Alexia S3 Transition to emission control areas (ECAs) The shipping world has been settling down to new restrictions on sulphur content in fuel, introduced after 1st January, 2015 in Emission Control Areas (ECAs). Ships in the Baltic Sea, North Sea, English Channel, and waters 200 nautical miles from the coast of US and Canada…