Exploration

Abuja acts on content rules

NIGERIAS NEW PRESIDENT has signed the Local Content Bill into law, to the relief of promoters like NNPC, local suppliers like Nigerdock and lawyers everywhere who see rich pickings in the definition clauses that will be needed as the legislation matures. How will local content be measured, for example?

Sudan 'too dependent on oil'

SUDAN MUST REDUCE its dependency on oil revenues and step up investment in agriculture if it wants to keep its economy growing and avoid further conflict, according to a World Bank report.

p>SUDAN MUST REDUCE its dependency on oil revenues and step up investment in agriculture if it wants to keep its economy growing and avoid further conflict, according to a World Bank report.

EGPC grants HPI prime contractor right for major projects

HPI ANNOUNCED THEIR receipt of the EGPC certification from the Ministry of Oil in Egypt. The Egyptian General Petroleum Corporation (EGPC), certifies companies for contracting work in the oil and gas sector. This certification grants HPI the right to act as prime contractor on major projects in Egypt.

p>HPI ANNOUNCED THEIR receipt of the EGPC certification from the Ministry of Oil in Egypt. The Egyptian General Petroleum Corporation (EGPC), certifies companies for contracting work in the oil and gas sector. This certification grants HPI the right to act as prime contractor on major projects in Egypt.

Sonangol needs bigger Galp slice

SONANGOL SHOULD BOLSTER its stake in Portugals Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.

p>SONANGOL SHOULD BOLSTER its stake in Portugals Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.

AIM-listed explorer Circle Oil makes $15.1 mn in revenues

In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.

p>In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.

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