Oilfields

Oil Field

South Sudan Readies for 2020 Oil Licensing Launch

The Minister will also announce a tender for an environmental audit for the country’s producing oilfields at the SSOP conference.

Oil Field

Argentine Energy Firm CGC Buys Local Unit of China's Sinopec

The Chinese-owned unit operates over 20 oilfields in the San Jorge and Cuyo Basins in Argentina with assets covering some 4,600 square kilometers.

Energy Investment

Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub

Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.

Oil Field

L&T Secures Contract to Build Large Oil & Gas Supply Bases in Saudi Arabia

The company said that the project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated in…

Crude Oil

Marginal Oilfields Output Dips to 1.52mb

Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…

Oil Field

China Looks To Buy Stake In A Major Iraqi Oilfield

State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in o…

Oil Field

Suncor May Sell Stake In North Sea Oilfields

Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin.

Oil Field

Brazil's Petrobras Puts Another Small Refinery and 26 Oilfields on the Block

Brazil's Petrobras has initiated the sale process for a group of 26 onshore and shallow water oilfields and a small nearby refinery in the northeastern part of …

Market Analysis

Who Will Get Full Control Of Libya’s Oil Riches?

Major alliances such as NATO and the European Union mean nothing in this conflict.

Africa Energy

Nigeria Plans to Tender 57 Marginal Oil Fields

The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oi…

Oil Field

Nigeria's Revenue Burden to Ease off as DPR Announces Bids for Marginal Oilfields

Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead to announce its first licensing round.

Oil Price

Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse

Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…

Oil & Gas Trade

China's Major Oilfields Maintain Pace Amid Oil Crash

Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…

Oil & Gas Trade

Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister

Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.

Crude

Pipeline Closure Risks Taking Nearly all Libya's Oil Offline

Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national outpu…