Posts Tagged ‘nigeria’

Sinopec stake in Nigeria project to net 100 MMboe

by on November 19, 2012 9:59 am BST
Sinopec stake in Nigeria project to net 100 MMboeBY WAYNE MA   BEIJING--China Petrochemical Corp., known as Sinopec Group, said Monday that it would gain 100 million barrels of "recoverable resources" from the purchase of French major Total SA's stake in a Nigerian offshore oil project.A Sinopec subsidiary, Sinopec International

ExxonMobil Nigeria spill spreads along coast

by on November 19, 2012 3:21 am BST
A Reuters reporter visiting several parts of Akwa Ibom state saw a rainbow-tinted oil slick stretching for 32 kilometres from a pipeline that ExxonMobil had shut down because of a leak a week ago. Locals scooped it into jerry cans.The managing director of ExxonMobil's local unit, Mark Ward, told

Nigeria LNG lifts force majeure

by on November 16, 2012 9:10 am BST
The measure had been in place since 4 October but was lifted last week, a Nigeria-based spokesperson for Shell, which has a 25.6% stake in Nigeria LNG, told Reuters.Force majeures remain in place on Forcados and Bonny Light crude oil streams, however, the news wire continued.Shell said in

Total confirms talks over Nigerian assets

by on November 12, 2012 3:56 am BST
A Bloomberg report last week said Sinopec was close to buying stakes in Nigerian onshore oil blocks from Total."Yes we are discussing with certain buyers about selling certain assets in Nigeria," Reuters cited Total chief executive Christophe de Margerie, telling reporters at an energy conference in Abu Dhabi