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Deepwater Nigeria Field Starts Production by  Matthew V. Veazey|Rigzone Staff| Total reported Wednesday that it has achieved first oil from the deepwater Egina Field. Total S.A. reported Wednesday that it started production Dec. 29, 2018, from the deepwater Egina Field, located approximately 150 miles offshore Nigeria. “Total is proud to deliver a project …
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by  Valerie Jones|Rigzone Staff Drilling has commenced on the Brulpadda re-entry well offshore SouTotal Spuds Well Offshore South Africa by  Valerie Jones|Rigzone Staff| Drilling has commenced on the Brulpadda re-entry well offshore South Africa. Total S.A. has begun drilling the Brulpadda-1AX re-entry well …
by  Bloomberg|Grant Smith Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year. (Bloomberg) -- Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of …
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by  Andreas Exarheas|Rigzone Staff What is really driving the price movement? What is driving the oil price down is the fact that the market believes the market is oversupplied. That’s what Will Rhind, founder and CEO of GraniteShares, outlined in a video interview with CNBC on Friday. …
OPL 310; Source: Lekoil Africa-focused oil and gas company Lekoil has been given a hearing date by the Nigerian Federal High Court in a process to increase its stake in license OPL 310 off Nigeria. Lekoil holds an unconditional 17.14 percent interest and an additional 22.86 percent interest, subject to Ministerial consent, in the …
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by  Bloomberg Heesu Lee | Oil headed for its biggest 2-day advance since June as concerns over a supply glut eased. (Bloomberg) -- Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market. …
by  Bloomberg James Herron | OPEC and its allies gather in Vienna this week to discuss production cuts. (Bloomberg) -- OPEC and its allies gather in Vienna this week to discuss production cuts after the biggest monthly drop in oil prices in a decade. They have the broad outlines of a deal after Russia …
by  Bloomberg Javier Blas & Kevin Crowley | Globally, the oil and gas sector ranks second only to construction as the worst for gender equality, according to a study by Boston Consulting Group. (Bloomberg) -- When Stacey Olson got her first energy job 29 years ago, she was a "company man." That’s what Chevron …
Crude Oil Uptick Continues by  Matthew V. Veazey Rigzone Staff | Crude prices posted more day-on-day gains as players in the oil market anticipate the Dec. 6 meeting in Vienna of OPEC and non-OPEC member nations. The January futures price for West Texas Intermediate (WTI) crude oil settled at $53.25 a barrel Tuesday, posting …
The Federal Government has said the 2019 target date for the stoppage of importation of refined petroleum products into the country was no longer feasible. Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this at the opening ceremony of a three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by Department of …
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