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The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police have pledged to work together in a renewed drive to combat the perennial menace of oil theft and pipeline vandalism across the country. Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, stated in a release Tuesday in Abuja that the …
Continue reading "NNPC, Nigeria Police Renew Synergy on Anti-Pipeline Vandalism Campaign"
The worldwide offshore rig count in January 2019 increased by five units sequentially and 50 rigs year-over-year, according to a Thursday report by Baker Hughes, a GE company. BHGE splits its rig count reports on international and North America rig counts, which together make up the worldwide rig count. Looking only at the offshore part, …
Continue reading "Worldwide offshore rig count in January up by 50 units year-over-year"
Deepsea Stavanger; Source: PSA French oil company Total has made a significant gas condensate discovery at the Brulpadda prospect on Block 11B/12B offshore South Africa. Total started drilling the Brulpadda-1AX re-entry well in late December 2018, using the Deepsea Stavanger drilling rig. The results of the well were announced on Thursday by Africa Energy Corp., which holds a 4.9% effective …
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The Nigerian Federal High Court will deliver its ruling regarding Lekoil increasing its stake in license OPL 310 offshore Nigeria in late March. OPL 310; Source: LekoilLekoil, which holds an unconditional 17.14 percent interest in the OPL 310 located in shallow water offshore Lagos, is hoping the court will resolve the long-awaited delay over a ministerial …
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by  Matthew V. Veazey | Rigzone Staff | Oil prices changed direction this past week. West Texas Intermediate (WTI) crude oil for March delivery gained 8 cents Friday, settling at $52.72 per barrel. The front-month WTI remained below the $53-mark Friday, trading within a range from $52.08 to $52.99. Against the Feb. 1 settlement …
by  Bloomberg | Stephen Cunningham Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels Act" Thursday. That sets the bipartisan "NOPEC" bill, which …
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The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police have pledged to work together in a renewed drive to combat the perennial menace of oil theft and pipeline vandalism across the country. Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, stated in a release Tuesday in Abuja that the …
Continue reading "NNPC, Nigeria Police Renew Synergy on Anti-Pipeline Vandalism Campaign"
...Records Monthly Trading Surplus of ₦2.06Billion A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied, a release by the Nigerian National Petroleum Corporation Group General Manager, Group Public Affairs Division, Mr. …
Oslo-listed offshore drilling company Seadrill has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. For Illustration: A Seadrill drillship / Image source: SeadrillSeadrill said on Wednesday that the new joint venture, Sonadrill, would operate four drillships, focusing on opportunities in Angolan waters. Each …
Continue reading "Seadrill, Sonangol create JV company Sonadrill in Angola"
by  Bloomberg | Tsuyoshi Inajima Oil extends losses below $54 a barrel on signs of a weakening economy and an industry report pointing to rising U.S. crude inventories. (Bloomberg) -- Oil extended losses below $54 a barrel on signs of a weakening economy and an industry report pointing to rising U.S. crude inventories. Futures …
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