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U.S. oil firm Anadarko Petroleum expects to make the final investment decision for its Mozambique LNG project next month. A drillship offshore Mozambique / Image source: AnadarkoThe company, in takeover talks with Oxy after Chevron decided to pull out on Thursday, has said that the FID for the Mozambique project, designed to develop offshore gas deposits, would be …
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by  Valerie Jones Rigzone Staff| North American shale oil is the second cheapest source of new oil volumes globally, according to Rystad Energy. North American shale oil has become the second cheapest source of new oil volumes, according to research by Rystad Energy. In its latest cost of supply curve update, the energy research firm …
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by  Bloomberg Alex Longley Oil pushed higher in early trading despite the U.S. imposition of higher tariffs on Chinese goods. (Bloomberg) -- Oil pushed higher despite the U.S. imposition of higher tariffs on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight. Crude in New York advanced 0.3 percent, …
by  Bloomberg Heesu Lee Oil headed for its first back-to-back weekly loss this year. (Bloomberg) -- Oil headed for its first back-to-back weekly loss this year as swelling U.S. crude inventories and Russia’s failure to meet a targeted production cut eased fears of a looming supply crunch. Futures in New York edged lower Friday after …
by  Bloomberg Arsalan Shahla and Grant Smith Iran's oil minister warns that OPEC is in danger of collapse. (Bloomberg) -- Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. …
Oil company Aker Energy needs more time to decide whether to charter Ocean Yield’s FPSO Dhirubhai-1. FPSO Dhirubhai-1 / Image source: Ocean YieldThe two companies in February signed an option agreement for a 15-year charter of the FPSO. The option was to be exercised by May 1, with Aker also having the right to extend the option …
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Oil major BP has struck an offshore exploration deal with the Gambian government in a disputed block previously held by African Petroleum Corporation. The signing ceremony / Image source: GNPCThe Ministry of Petroleum & Energy of The Gambia has this week announced the official licensing of Offshore Block A1 to BP. “This license provides the …
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… Says Pump Price of Petrol Remains N145 Per Litre The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called petrol, above the official ex-depot price of N133.28k per litre. The Corporation also cautioned petroleum products marketers not to sell the product above N145 per litre. Ex-depot …
Geoservices player Shearwater has been awarded a contract for a 3D seismic survey over the SNE field area located in Senegalese waters. SNE field development; Source: WoodsideAustralia’s Woodside is the operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which contains the SNE field development. Other partners in the field …
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by  Bloomberg | Heesu Lee Oil headed for its first back-to-back weekly loss this year. (Bloomberg) -- Oil headed for its first back-to-back weekly loss this year as swelling U.S. crude inventories and Russia’s failure to meet a targeted production cut eased fears of a looming supply crunch. Futures in New York edged lower …
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