The Nigerian National Petroleum Corporation (NNPC) has revealed that 224 companies have submitted bids seeking to be awarded contract to purchase and lift its crude oil grades for the 2016/17 term
Exploration
Angola to see economic growth in 2017, IMF report states
The end-of-mission report by International Monetary Fund (IMF) Article IV consultation team in Angola states that output growth in the country will pick up by 1.25 per cent in 2017
COPL commences drilling on offshore West Africa
Canadian Overseas Petroleum Limited and ExxonMobil have commences drilling on the Mesurado-1 exploration well
Using screw pumps to overcome tank terminal issues
Especially in times of unpredictable oil price fluctuations over the recent years, tank terminals are experiencing a boisterous development. All over the world new tank terminals have been built and more are planned, to meet the growing demand for crude, and refined oil products
Exxon to negiotate US$74bn fine from Chad
In October, the High Court of Chad ruled that Exxon Mobil must pay a fine of US$74bn for failing to meet tax obligations and withholding royalties