NNPC Secures a $1.2B Drilling financing package for the running of 36 oil wells. Nigeria’s state oil company NNPC has secured a $1.2 billion multi-year drilling financing package to contribute to the running of 36 oil wells to be operated as part of a joint venture deal, it said on Sunday as reported by Reuters….
Press Release September 16, 2015 09:00 AM Eastern Daylight Time : ExxonMobil Starts Oil Production at Erha North Phase 2 Project Ahead of Schedule, Well Under Budget Project starts up five months early and $400 million under budget Daily oil production to increase by 65,000 barrels per day Subsea development ties into existing infrastructure for…
The Nigeria National Petroleum corporation (NNPC) Says the NNPC is Set to revisit terms of Production sharing contracts of offshore oil and gas companies reports from the groups website indicates. Ohi Alegbe the groups GM, group public affairs writes that NNPC is set to revisit the fiscal terms of the existing Production Sharing Contracts, PSC entered into…
Shell takes a huge gamble hunting for oil in the arctic Shell Oil Co.’s president Marvin Odum made the trip on Sept. 2 from Houston to this northern-most town in the United States, a spot whose traditional name, Ukpeagvik, means “place where snowy owls are hunted.” according to Triblive.com Odum is here hunting, too, for…