Category Oil & Gas Blog

Nigeria Promises High Returns To Foreign Oil Investors

Nigeria assured foreign oil investors on Monday that the African OPEC producer is open to business and can guarantee high returns on investment, the country’s President Muhammadu Buhari told an energy conference. “Let me assure our foreign investors that your investments in Nigeria are very much secured and this can’t be better anywhere else,” the

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Cost of Trudeau’s Pipeline Wager Balloons 70% to $9.5 billion

The cost to build Justin Trudeau’s pet oil-pipeline project just got a few billion dollars more expensive. The price tag for the Trans Mountain expansion has increased 70% to C$12.6 billion ($9.5 billion) because of legal delays and accommodations made to indigenous communities along its route, the pipeline’s operator said Friday in an emailed statement.

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Texas Energy Regulator Prepares First-of-its-kind Report on Flaring Trends

A Republican defending his seat on Texas’s all-powerful energy regulator is preparing a first-of-its-kind report on natural gas flaring, a practice that’s come under fire from environmental groups and even some producers. The report will showcase flaring trends, its proportion to surging oil production and potentially a list of the best and worst operators, said

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Trump Proposes Selling Oil From Strategic Reserve to Fund Budget Plan

President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan. The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil field in Elk Hills,

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Chevron Selects Sea Swift Platform for Lifua-A Field Offshore Angola

Aquaterra Energy has secured a significant agreement from Chevron to design and support installation of a Sea Swift offshore platform solution off the coast of Angola, through its wholly owned subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC). Destined for the Lifua-A field, the conductor supported platform (CSP) will be designed and installed in

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PetroChina Tells its Expats to Buy Medical Supplies and Ship them to Beijing

As the deadly coronavirus triggers shortages of medical supplies in China, businesses are urging employees and their clients to bring back face masks from overseas. In a sign of how desperate shortages may be getting, companies from PetroChina Co. to Geely Automobile Holdings Ltd. are scouring the world for medical supplies to send back home.

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Chevron to Evaluate CO2 Capture Technologies for California Facility

Chevron Technology Ventures (CTV) commissioned a pre-FEED study that will explore the potential for trialing carbon-capture technology in Chevron’s operations. The study will evaluate the feasibility and design of a 10,000 ton per year carbon capture unit from Svante Inc. in one of Chevron’s California facilities, and is expected to be complete in the first

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