Oil trader Gunvor Group is suing Cerberus Capital Management, alleging that the private-equity firm is refusing to pay its share of costs incurred when the two companies made a failed $650 million bid for Chevron Corp. assets in South Africa.
The 2,700 ton Sonam Non-Associated Gas Wellhead Platform (Sonam NWP) built by Hyundai Heavy Industries in partnership with Nigerdock in Lagos for the Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) Joint Venture, has been completed.
Chevron Confirms First Production From the Moho Bilondo Phase 1b Development Offshore the Republic of Congo
Chevron Corporation confirmed today that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the Republic of Congo.
President, Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has disclosed that Nigeria has more gas resources to make it number three or four in the world.
Chevron subsidiary Chevron Overseas (Congo) has started oil and gas production from the $2bn Lianzi development field located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
The Nigerian National Petroleum Corporation (NNPC) has secured a USD1.2 billion multi-year drilling financing package for 36 oil wells under the NNPC and Chevron Nigeria Limited Joint Venture (JV).