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
Oil Exploration; Major firms ignore Uganda, rush for Mozambican oil fields
Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015. Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven
Total, the Oil industry giant with over 800 subsidiaries
French multinational integrated oil and gas company Total has since inauguration in 1924 secured a position among the supermajors. Supermajors is an industrial name used to refer to the six largest Oil and Gas Industry players. These six include; BP plc, Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, Total, ConocoPhillips Company. Total started as Compagnie française