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by  Andreas Exarheas Analysts at Fitch Solutions Macro Research still believe the price of Brent crude will average $73 per barrel in 2019. Analysts at Fitch Solutions Macro Research (FSMR) still believe the price of Brent crude will average $73 per barrel in 2019, according to a new report from the company. FSMR analysts …
Continue reading "Analysts Stick to 2019 Oil Price Forecast"
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 …
Continue reading "Aker Energy takes more time to decide on FPSO Dhirubhai-1 charter"
Offshore drilling contractor Diamond Offshore has been awarded drilling contracts for two of its 2014-built drillships with Woodside in Senegal. Ocean BlackRhino; Source: Diamond OffshoreAccording to its latest fleet status report, Diamond Offshore has secured a well-based contract for its Ocean BlackHawk drillship with Woodside in Senegal. The contract also includes options. It is scheduled to start …
Continue reading "Woodside hires two Diamond drillships for Senegal operations"
by  Bloomberg | Jennifer A. Dlouhy The Trump administration is giving oil companies more flexibility when drilling offshore, by easing Obama-era mandates imposed in response to the 2010 Deepwater Horizon disaster. (Bloomberg) -- The Trump administration is giving oil companies more flexibility when drilling offshore, by easing Obama-era mandates imposed in response to the …
Continue reading "Oil Drillers Given More Leeway by Trump Administration"
by  Bloomberg | Heesu Lee | Oil extended losses after a bigger than expected jump in U.S. stockpiles overshadowed a deepening crisis in Venezuela and the prospect of OPEC+ extending their production cuts. (Bloomberg) -- Oil extended losses below $64 a barrel after a bigger-than-expected jump in U.S. stockpiles overshadowed a deepening crisis in …
The Nigerian independent Express Petroleum produced 60Barrels of Oil Per Day on average, making it the E&P company with the lowest operated output in Nigeria in 2017, according to the latest annual report of the Department of Petroleum Resources DPR, the industry regulatory agency. Slightly ahead of Express is Excel E&P, credited with operated …
Continue reading "Excel, Express, Dubri, Produce the Lowest Volumes in Nigerian Output"
Russian gas company Novatek has signed agreements with Repsol and Vitol for the supply of LNG from its giant Arctic LNG 2 project being developed on the Gydan Peninsula, Russia. Arctic LNG 2 Illustration: Image source: NovatekThe non-binding heads of agreement signed with Spain’s Repsol envisions conclusion a 15-year contract with an annual supply of …
Continue reading "Vitol, Repsol in Arctic LNG 2 supply agreements with Novatek"
Noble Energy, as operator of Alen gas project offshore Equatorial Guinea, has signed definitive agreements with Marathon Oil and Equatorial Guinea government to develop the field’s gas resources via Alba Plant LLC’s LPG processing plant and EG LNG’s LNG production facility, both located in Punta Europa island. Marathon Oil is the majority shareholder in both …
Continue reading "Deals signed for E. Guinea ‘Gas Mega Hub’"
Offshore services provider DeepOcean has hired a subsea construction vessel from Danish offshore shipowner Maersk Supply Service (MSS). Maersk Forza; Source: Maersk Supply Service (LinkedIn) Maersk Supply said via social media on Thursday that the subsea construction vessel (SCV) Maersk Forza began a two-year firm contract with DeepOcean on April 1. According to the company, …
Continue reading "Maersk Supply’s vessel starts DeepOcean job"
by  Matthew V. Veazey | Rigzone Staff | Both the WTI and Brent contracts added more than $1 Monday. Both the West Texas Intermediate (WTI) and Brent oil futures contracts added more than $1 Monday. May WTI crude oil stayed above the psychologically significant $60 level throughout Monday’s trading. The benchmark gained $1.45 during the …
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