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Exclusive - Traders back local firms to buy Petrobras' Nigerian oilfield stakes

Reuters — Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil’s Petrobras valued at up to $2 billion (1.4 billion pounds), several sources familiar with the matter said. 563 more words

Nigeria

What's in a name?

A lot it would seem, if you’re a large oil and gas company repositioning yourself as a low-carbon committed energy company. So, on 15 March, … 631 more words

Energy

Global Oil & Gas: Statoil to change name to Equinor

Statoil, the Norwegian energy company and operator of Europe’s only baseload LNG production plant at Hammerfest, is planning to change the name of the company to… 111 more words

Mozambique Oil And Gas Industry

Sonatrach strengthens ties with BP, Statoil in Algeria

Reuters – Algeria’s state-run oil and gas company Sonatrach has signed a memorandum of understanding with Norway’s Statoil and BP Exploration (El Djazair) Limited, aiming to boost up upstream exploration activities in Algeria. 137 more words

Algeria

Scotland’s floating wind farm is showing how powerful offshore wind can be

(Source: arstechnica.com)

The world’s first commercial floating offshore wind farm, called Hywind, started sending electricity to the grid last October. Since then, the six-turbine, 30MW installation has been working well. 483 more words

Technology

Africa Oil & Gas: Tanzania launches nationwide probe into gas sector

As Tanzania launches an official investigation into what are the benefits it gets from gas, some investors are going further, and asking if they can ever benefit from doing business there without more regulatory stability. 1,637 more words

Mozambique Oil And Gas Industry

The future of offshore wind

It might be easy to take the view that offshore wind has become a mature business, industrial in its approach. The industry made impressive headlines last year, with the first subsidy-free bids for wind farms in European waters (or anywhere for that matter). 1,302 more words

Offshore Energy