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The Oil and Gas Trainers Association (OGTAN) recently held a business forum on the Total Plc CSR Project on Education. Held at the Eko Hotel, in Lagos State, South West Nigeria, it showcased two of the outstanding examples of the beneficiaries of the International Oil company (IOC)’s commitment to the development of Local Capacity through …
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by Bloomberg Elisha Bala-Gbogbo | Armed pirates chased and shot at a liquefied-natural gas tanker off Nigeria’s coast, the second time in as many weeks a vessel has been attacked in the area. At least nine assailants made an unsuccessful attempt to board the vessel on Nov. 6, the International Maritime Bureau said in a …
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Illustration only An FPSO offshore Nigeria. Source Wikimedia under Public Domain license Nigerian oil company Addax Petroleum has extended the contract for Yinson’s Adoon FPSO for another three months, pending discussion for a potential longer-term deal. Malaysia’s Yinson on Friday said:” In view that negotiations are still ongoing as to a substantive extension of the …
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Independent oil and gas exploration company African Petroleum (AP) has decided to exit its two operated licenses in Sierra Leone as a result of its choice not to commit to drilling an ultra-deep water well. AP said on Thursday that the company will relinquish its interests in licenses SL-03-17 and SL-4A-17, where it holds a 100% interest, …
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The Nigerian National Petroleum Corporation (NNPC) has offered to provide details of the Nigerian Liquefied Natural Gas (NLNG) Dividends Account from 1999 till date to give the Senate and the general public a comprehensive insight into the operations of the account. Group Managing Director of NNPC, Dr. Maikanti Baru, stated this at the hearing of …
NOPEC to Take Gloves Off, Production Cuts In 2019? by Cyril Widdershoven Rigzone Contributor | OPEC, in cooperation with Russia, are currently discussing the option to put another production cut in place. OPEC, in cooperation with non-OPEC member Russia, are currently discussing the option to put another production cut in place. During the recent …
by Bloomberg Salma El Wardany | Libya's top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output. (Bloomberg) -- Libya’s top oil chief expects OPEC and allied producers to exempt the strife-torn North African country from any future cuts in crude output. …
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by Andreas Exarheas Rigzone Staff | CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019. Capital expenditure among Sub-Saharan Africa (SSA) national oil companies and SSA-focused international oil and gas companies is set to register a 13.1 percent growth in …
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by Bloomberg Alex Longley | Oil options traders have turned more bearish than when prices plunged back in 2014. (Bloomberg) -- Oil options traders have turned more bearish than when prices plunged back in 2014. The premiums they’re paying for bearish put options over bullish calls over the next 12 months has reached the …
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Borr Drilling, one of the youngest drilling companies in the offshore industry, on Tuesday said it had secured six drilling contracts in the past few months. In its quarterly results presentation, the company was bullish on the future contracting activity, especially for the premium jack-up units, expecting more work and increased dayrates. Read all about that …
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