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BP and partners given extra time

The British Petroleum, BP and Azerbaijan have signed a deal extending a production sharing contract, PSC for the super-giant Azeri-Chirag-Guneshli, ACG field, said to be the largest field in the Azerbaijani sector of the Caspian Sea, until 2050....

Nigeria prepares 30 marginal fields for sale

About 30 marginal oil fields are now up for grab in Nigeria to seal off the country’s long-anticipated and long-awaited bid round exercise. The NNPC’s Group General Manager, Public Affairs, NduUghamadu who disclosed this in a statement said the...

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