Category: Energy/Power

Militants Blow up Agip Pipelines in Bayelsa

Suspected militants in the early hours of Friday blew up the Tebidaba-Brass Nigeria Agip Oil Company, NAOC pipeline. Also affected are the Goulubokiri Manifold and Lasukugbene pipeline. Bayelsa state Commandant of the Nigerian Security and Civil Defence Corps,NSCDC, Desmond Agu, who confirmed the incident said men of the Command on surveillance exchanged gunfire with the…

Officials in the South American country of Guyana say Exxon Mobil has found large deposits of oil and gas in a recently drilled appraisal well. Energy Minister Raphael Trotman told The Associated Press on Monday that the company will drill another well in upcoming months. Officials have said Exxon Mobil previously drilled another well last…

Kazakhstan Chevron, Exxon Mobil and its other partners say they will spend $36.8 billion to develop more oil inKazakhstan. The project is expected to increase production to about 1 million barrels of oil equivalent per day in 2022. Chevron, Exxon Mobil and its partners are forming a venture called Tengizchevroil. Chevron owns 50 percent of…

Fuel scarcity looms as PENGASSAN withdraws from oil facilities. 

The Petroleum and Natural Gas Senior staff Association of Nigeria (PENGASSAN) has ordered its members to leave their duty posts in all oil installations and offices throughout Nigeria from tomorrow. PENGASSAN has also ordered its four zones, which include Lagos Zone, Port Harcourt Zone, Warri Zone and Kaduna Zone to commence sensitisation of its members…

Chevron Approves Next Major Tengiz Expansion Project in Kazakhstan

Chevron Corporation (NYSE:CVX) today announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field inKazakhstan by about 260,000 barrels per day. “The Future Growth and Wellhead Pressure Management Project represents…