Chevron to acquire Nobel Energy for US$5bn
Chevron Corporation has concluded a definitive agreement with Noble Energy to acquire all of Noble Energy’s outstanding shares in an all-stock transaction valued at US$5bn or US$10.38 per share
Industry
NNPC deploys top officials to reposition the company and increase efficiency
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments of its senior officials in what it called a repositioning for efficiency, transparency and profitability measure
Shell bolsters domestic gas distribution in Nigeria, increases its capacity by 150 per cent
Shell Nigeria Gas (SNG), a wholly-owned subsidiary of Shell Nigeria Exploration and Production Company, has increased its gas distribution capacity by more than 150 per cent
ADM Energy strengthens technical team
ADM Energy, a natural resources investing company, has announced the appointment of Darrell McKenna and Dr Satinder Purewal as non-board advisory members to the company’s technical team
Africa Energy announces Odfjell rig mobilisation
Africa Energy, an oil and gas company with exploration assets offshore South Africa, has announced that the Odfjell Deepsea Stavanger semi-submersible rig has left Bergen, Norway for South Africa to start the upcoming Block 11B/12B multi-well drilling programme
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