Chevron signs deal on field development with Basra oil company

Iraq’s Basra Oil Company and Chevron signed an agreement to start oilfield development, with plans for a new energy company and a refinery, according to the country’s oil ministry. The deal includes preliminary studies, after which an energy company will be established. It will execute field development and feasibility studies will be carried out in addition to gas processing

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Total to boost its Nigeria output

French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at an industry event, adding that the increase will come from the development of the Egina Deep project. “Our plan is to maintain aggressive exploration and appraisal

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Dangote oil refinery a threat to European plants

The crude oil refinery being built in Lagos by Dangote Industries Limited is a threat to refineries in Europe, which Nigeria relies mostly on for fuel imports, a global provider of energy and commodities information has said. The Editorial Director, Strategic Oil Markets Development, S&P Global Platts, Andrew Bonnington, said at the S&P Global Platts

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NIGERIA: KBR awarded FEED pact for Nigerian LNG expansion

KBR (formerly Kellogg Brown & Root), a global provider of differentiated professional services and technologies, has been awarded a Liquefied natural gas (LNG) FEED contract by Nigeria Liquefied Natural Gas (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria.   Under the terms of the contract, KBR, as leader of the Bonny7JV with partners TechnipFMC

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EGYPT: NOCs to repay all debts to IOCs by 2020 – El Molla

Egypt’s National Oil Companies (NOCs) will repay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said. He added that the debt has fallen to $1.2 billion, which is half of NOC debt owed to International Oil Companies (IOCs) in 2010. The Oxford Institute for Energy Studies wrote in

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Brazil’s Petrobras lifts restrictions on doing business with Odebrecht

Brazil’s state-run oil company Petróleo Brasileiro SA (PETR4.SA) has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA [ODBES.UL], Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of

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Petrofac wins $110m Iraqi contracts

Petrofac has secured a new award and a number of contract extensions, with a combined value of more than US$110 million, for construction management, engineering, commissioning and start-up services for international oil company clients in Iraq. Petrofac has been active in Iraq since 2010 and has developed a significant track record in delivering a range of

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Angolan oil company chooses foreign supplier for fuel

The Angolan National Society of Fuels (Sonangol) chose the French company Total as a supplier of one million 200 thousand tons of gasoline until March next year, stated the news here today. This selection arose from a public contest launched last January, to which about twenty European, Asian and US companies were presented.The contract was

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