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Exxon Mobil, China’s Zhoushan in talks over $7bn ethylene plant

Zhoushan, a city in the northeastern Zhejiang Province, eastern China on Wednesday said discussions were ongoing with major oil stakeholder,  Exxon Mobil Corp  to...

DPR Grants LPG Extraction Plant Permit to Otakikpo Marginal Field Operators

The Department of Petroleum Resources (DPR) has approved for the operator of the Otakikpo marginal field in Oil Mining License (OML) 11 — Green...

Addax PSC with NNPC generates over $7bn in eight years

Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) has produced 425 million barrels of...

China looking to sell Nigeria business

 China’s Sinopec Group has hired BNP Paribas  to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said,...

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