Upstream

Shell helped Nigeria’s military to commit human rights abuses – Amnesty

November 28, 2017 | Health, Safety & Environment, Nigeria, Politics & Social Unrest

London, UK | – Oil giant Shell should be investigated for alleged complicity in” horrific crimes” committed by the military in Nigeria in the 1990s, Amnesty International has said. Shell encouraged a crackdown, which led to killings and the burning of villages in the oil-producing Ogoniland region of Nigeria’s restive Niger Delta, the rights group added. The Anglo-Dutch oil supermajor said the allegations were “without merit”. The region was hit by protests over oil pollution and poverty in the 1990s. It led to a massive …

Statoil plans to drill five to six wells in Arctic Barents Sea in 2018

November 28, 2017 | Drilling / Completions, Exploration / Discoveries, North Sea & Western Europe

London, UK | – Norwegian multinational oil and gas company and the world’s largest offshore operator, Statoil will continue to drill for oil in the Arctic Barents Sea next year even though its 2017 campaign was mostly disappointing, the company’s head of exploration told Reuters on Nov. 28. Statoil plans to drill between 25 and 30 wells in Norwegian waters in 2018. Of these wells five or six are expected in the Barents and the rest will be split between the North Sea and the …

Total strikes first oil from offshore Brazilian mega-field

November 28, 2017 | Deepwater, Rigs & Vessels, South America

London, UK | – French multinational oil giant, Total SA, have announce the first oil from the Libra mega-field, located 180 kilometres of Rio de Janeiro. The floating production, storage and offloading (FPSO) unit Pionerio de Libra is located in unltra-deep water and has a 50,000 barrel capacity. The start-up phase of production will focus on generating initial revenue and capturing technical data to streamline the development stage. The Libra development will continue to search for further investment  in the Libra 1 FSPO, which has …

South Africa’s Sasol signs $3.9 billion credit facility

November 28, 2017 | Budget & Investment, Company Operations, South Africa

Johannesburg, South Africa | – South Africa’s multinational energy and chemicals group Sasol has signed a $3.9 billion five-year credit facility. According to a note to shareholders issued on Thursday, the initial target was $3bn but due to oversubscription, it increased to $3.9bn. The revolving credit facility includes two further extension options of one year each. Chief financial officer Paul Victor, who was speaking at Sasol’s Capital Markets Day in Sandton on Thursday, said the credit facility would help with liquidity and refining the group’s debt. …

Sasol dumps $13-$15 billion U.S. project, to exit Canadian shale

November 28, 2017 | Company Operations, Petrochemicals, South Africa

Johannesburg, South Africa |  – South Africa’s  integrated energy and petrochemical company, Sasol is pulling out of all of its gas-to-liquids (GTL) greenfield projects including one in Louisiana project expected to cost $13 billion to $15 billion, the company said on Thursday. Walking away from the project, which would have been the biggest investment abroad by a South African company, underscores the headwinds the industry is facing in a volatile market with generally depressed prices. “While our current GTL assets are generating good returns and …

Shell partners with automakers on fast-charging stations for battery vehicles

November 27, 2017 | Company Operations, Products, Services & Techniques

London, UK – Royal Dutch Shell, one of the world’s largest multinational Oil and Gas Company has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector. Shell’s agreement with IONITY – a joint venture between BMW, Daimler, Ford, and Volkswagen – will initially bring high-powered docks to 80 highway sites in 2019, it said in a statement. Power giants including France’s Engie and …

Algeria’s Sonatrach, Baker Hughes form JV to build Algeria plant

November 12, 2017 | Algeria, Company Operations, Oilfield Services

Algiers, Algeria | – Sonatrach, Algeria’s state energy producer, has signed an agreement with Baker Hughes, a GE company (BHGE), to set up a 2,000-sq-m oilfield equipment manufacturing facility in Arzew Industrial Zone aiming to strengthen Algeria’s position in the upstream oil and gas market to meet local demand. The agreement was signed in the presence of the Minister of Energy, Mustapha Guitouni, at a ceremony hosted by Sonatrach in Algiers. Sonatrach and BHGE will have 51 per cent and 49 per cent ownership respectively, …

Halliburton opens new oil and gas training and research centre in Nigeria

November 10, 2017 | Company Operations, Nigeria, Oilfield Services

Uyo, Akwa Ibom, Nigeria | – American multinational oilfield service corporation Halliburton announced today that it worked with the Akwa Ibom state government  to inaugurate and open Nigeria’s first oil and gas training centre fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training and Research Centre will provide courses in field development, drilling and completions engineering, well intervention solutions and digital technologies to local energy employees and students. Halliburton Landmark will provide the training curriculum, instructors, software, workstations and tools to be …