Bill introduced to house to ban Oil and gas drilling in the Arctic A Democratic member of the US House of Representatives has introduced a bill to put a complete stop on leasing of oil and gas exploration sites in US Arctic territory. The bill is timely considering it was only Monday that market forces and…
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….