By Alex Procyk of Oil & Gas Journal Fangtooth-1 was drilled by the Stena DrillMAX, about 11 miles (18 km) northwest of Liza field in 6,030 ft (1,838 m) of water and encountered about 164 ft (50 m) of high-quality oil-bearing sandstone reservoirs. Lau Lau-1 was drilled by the Noble Don Taylor in 4,793 ft

An indigenous company, Chappal Petroleum Development Company, is one of the strong contenders for the ExxonMobil Nigeria oil and gas assets. The assets comprise 40 percent of interests in the Qua Iboe fields of four blocks and pipelines in oil mining leases (OMLs) 67, 68, 70 and 104 located in shallow water. An investigation by

The Organization of the Petroleum Exporting Countries (OPEC) has appointed Mr Haitham Al-Ghais of Kuwait as Secretary General of the Organization, with effect from 1 August 2022, for a period of three years. At a special meeting of the conference of the organisation held via videoconference on Monday, 3 January 2022, under the Chairmanship of

As the lifeblood of industrialized nations, oil and gas are valuable sources of energy that underpin socio-economic development and ensure energy security. Serving as the foundation for the world’s energy and economic development, oil and gas has the potential to eradicate energy poverty while assisting developing nations in their adoption of renewable energy. Africa, positioned

Production hitches in Nigeria, Libya and Ecuador pushed oil price to $80 per barrel amid rapid spread of the Omicron coronavirus variant, it was learnt last night. Brent crude rose by 0.8 per cent to $79.20 a barrel. United States (U.S.) West Texas Intermediate (WTI) crude rose 0.8per cent, to $76.14. Both contracts traded at