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
Nigeria security sources has confirmed that an explosion rocked a Chevron oil pipeline in Nigeria’s restive Delta region . The second blast at a facility of the U.S. oil major within a week, confirms the fears a revived militant campaign in the area. The swamps of the southern Delta have been hit by a series
By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s vast deepwater fields. As Africa’s leading crude producer begins a clean-up of the industry that is its economic lifeblood, the state-owned Nigerian National Petroleum Corporation has