World Bank to stop funding oil and gas projects from 2019
The World Bank group has announced that it will cease to finance new upstream oil and gas exploration projects after 2019
Exploration
Oil prices rise nearly two per cent on China demand
Oil prices rose almost two per cent on Friday, as Chinese crude demand ruses and threats of a strike in Africa’s largest oil exporter
Petrolex to develop US$3.6bn oil refinery in Nigeria
Petrolex Oil & Gas Ltd has announced that it is planning to build a US$3.6bn oil refinery in Nigeria, with a capacity of 250,000 bpd
Emerson completes acquisition of Paradigm
Emerson has acquired Paradigm, a global provider of software solutions to the oil and gas industry, aiming to create a comprehensive exploration and production (E&P) software portfolio offering
ExxonMobil acquires deepwater acreage offshore Mauritania
ExxonMobil Exploration and Production Mauritania Deepwater Ltd, a wholly owned affiliate of ExxonMobil, has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks
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