What the catastrophe in the Gulf of Mexico means for the oil industry

A new era dawned for the oil industry on 20 April 2010. Since the oil platform “Deepwater Horizon” went up in flames that day, the industry has been experiencing significant changes.

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Hardy bows out of Nigeria play

LONDON-LISTED HARDY Oil & Gas has sold its Nigerian business to Inergia Petroleum in a $4.5 mn deal.

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Mozambique refinery close to funding

MOZAMBIQUE'S OILMOZ, WHICH is developing a 350,000 bpd refinery, expects to reach a funding agreement with European energy investors before the end of the year, according to Fausto Cruz, the company's chief executive.

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EG picks KBR for refinery

EQUATORIAL GUINEA HAS picked US engineering firm KBR Inc to design a planned 20,000 bpd oil refinery, according to a senior government official.

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Marubeni, Ghana to study methanol plant

MARUBENI CORP PLANS to produce methanol, in co-operation with the government of Ghana, from natural gas released during oil drilling.

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