ExxonMobil and Qatar Petroleum announced Tuesday that they will develop a $10 billion Golden Pass liquefied natural gas export facility in Sabine Pass, Texas. This is part of ExxonMobil’s five-year plan to invest $50 billion in the expansion of its U.S. operations. The export project’s capacity will be approximately 16 million tons of LNG per year. The entire enterprise could have a $31 billion economic impact in the U.S. and…

Iceland Drilling has received contract from the UK operating company CNOOC (Nexen) for drilling two wells on the British side West of Shetland The contract has a duration of 60 days firm and options with start-up in June "Iceland Drilling Company AS is pleased to announce that the company has been awarded a contract with CNOOC Petroleum Europe Limited, a wholly owned subsidiary of CNOOC Limited, to drill a well…

The Managing Director, Nigerian Pipelines Storage company (NPSC), Luke Anele, has said the agency is deploying new technologies to monitor activities in oil pipelines across the country. Mr Anele made the disclosure in an interview with the News Agency of Nigeria (NAN), in Abuja on Wednesday. NPSC is a subsidiary of Nigerian National Petroleum Corporation responsible for Crude Oil deliveries to the refineries, supply and distribution of petroleum products through…