The Home For Everyone And Everything Oil, Gas And Energy
U.S. oil major ExxonMobil was the leader of the pack among the top oil and gas explorers of 2018, boosted by its string of offshore oil discoveries in the Latin American country. “ExxonMobil was exceptional, both in terms of discovered volumes and value creation from exploration,” said Rystad Energy head of upstream research Espen Erlingsen. Erlingsen …
Continue reading "Rystad: Guyana makes Exxon leader of 2018 exploration pack"
by Matthew V. Veazey | Rigzone Staff Both the WTI and Brent have hit levels not seen in several weeks. Bullish factors tied to political instability in Venezuela and curbs on production by OPEC members spurred on West Texas Intermediate (WTI) and Brent crude oil futures Friday. The March WTI contract gained $1.47 Friday, …
The Nigerian National Petroleum Corporation (NNPC) has proposed collaboration among African countries in the area of oil and gas infrastructure in order to remain competitive on the global stage. Group Managing Director of the NNPC, Dr. Maikanti Baru, made the call at the opening ceremony of the second edition of the Nigeria International Petroleum Summit …
Continue reading "NNPC Proposes Collaboration in Oil and Gas Infrastructure among African Countries"
by Bloomberg|Sharon Cho| Oil held losses near $52 a barrel as renewed concerns over slowing global growth outweighed new U.S. sanctions against Venezuela's state oil company. (Bloomberg) -- Oil held losses near $52 a barrel as renewed concerns over slowing global growth outweighed new U.S. sanctions against Venezuela’s state oil company. Futures rose 0.3 percent …
by Bloomberg Grant Smith 3 years ago, influential figures in the oil industry were sounding a clear warning. (Bloomberg) -- Three years ago, influential figures in the oil industry were sounding a clear warning: prices were too low, investment was collapsing and by the end of the decade the world would face a shortage. …
by Bloomberg | Sharon Cho and Saket Sundria Data shows the OPEC+ coalition's output cuts are starting to kick in and a more dovish Federal Reserve has boosted markets and improved the growth outlook. (Bloomberg) -- Oil headed for its biggest monthly gain since April 2015 as data showed the OPEC+ coalition’s output cuts starting …
Continue reading "Oil Finishing Best Month Since 2015 Strongly"
Foreign Direct Investments (FDI) and some foreigners are needed for Local Content to thrive in the Nigerian oil and gas industry and allied sectors, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. The Executive Secretary spoke in Abuja on Thursday at a workshop organised by the Nigerian Electricity …
The Nigerian National Petroleum Corporation (NNPC) has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products. The corporation said smuggling of petroleum products remained a blight in the nation’s fuel supply and distribution matrix. NNPC Group Managing Director, Dr. Maikanti Baru, …
The Nigerian National Petroleum Corporation (NNPC) has sought effective collaboration with members of the African Union of Transportation and Logistics Organization to halt incidents of cross-border leakages of petroleum products. The corporation said smuggling of petroleum products remained a blight in the nation’s fuel supply and distribution matrix. NNPC Group Managing Director, Dr. Maikanti Baru, …
…As Navy Captures Shuaibu Ogunmola, Alleged Notorious Oil Pipeline Marauder Concerted efforts by the Management of the Nigerian National Petroleum Corporation (NNPC) and security agencies to combat the menace of oil theft and pipeline vandalism received a major boost with the capture of Mr. Shuaibu Ogunmola, an alleged notorious oil pipeline kingpin,whose illegal activities through …
Continue reading "NNPC Anti- Pipeline Vandalism Campaign Receives Boost"
Energy Network 