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
Exploration
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
Total partners with Sonangol for new projects in Angola
Total and Sonangol have signed agreements to develop Zinia Phase 2 project, explore block 48 and several other deals covering upstream and downstream activities in Angola
OPEC extends oil production cut to end of 2018
OPEC and non-OPEC oil giant Russia have agreed to extend oil production cuts until the end of 2018, after hours of discussions in Vienna on 30 November 2017