The Home For Everyone And Everything Oil, Gas And Energy
 The leadership of Nigerian Content Development and Monitoring (NCDMB) has been extolled for exhibiting consistency and transparency in the implementation of Nigerian Content Intervention Fund (NCI) Fund. The Governing Council of Nigerian Chamber of Shipping (NCS) made the commendation on Thursday when the members paid a courtesy visit to the Executive Secretary of NCDMB, …
Continue reading "Nigerian Chamber of Shipping commends implementation of Local Content"
by  Bloomberg Alex Nussbaum | Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. (Bloomberg) -- Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. Futures in New York climbed …
Continue reading "Oil Advances as Capacity Warnings Counter Russia Queries"
Shelf Drilling, one of the world’s largest jack-up rig owners, has secured a contract extension for its Trident XIV jack-up rig. Illustration only. Image source: PixabayThe one-year extension is in direct continuation of the jack-up rig’s current contract and is for workover operations in Nigeria. The contract should keep the rig busy until February 2020. …
Continue reading "Nigeria: ExxonMobil extends jack-up rig deal with Shelf Drilling"
by  Andreas Exarheas Rigzone Staff The global floating production market has stirred back to life, according to Rystad Energy. The global floating production market has stirred back to life after enduring a couple of years in virtual hibernation during the downturn. That’s according to Rystad Energy, an independent energy research and business intelligence company, …
by  Bloomberg Sharon Cho Crude markers in New York and London have both fallen more than 20% from their October highs. (Bloomberg) -- Oil traded near $57 a barrel as traders assessed OPEC’s plans to cut production, while its key ally Russia and a top energy adviser warned suppliers against making a hasty decision …
Ocean Rig Poseidon / Image source: Pancontinental Oil & Gas Offshore driller Ocean Rig has informed that its drillship Ocean Rig Poseidon has been hired by Eni, and has started drilling in Angola. The drillship recently arrived in Angola following a drilling campaign in Namibia where it had drilled for Chariot and Tullow, where both wells came up …
Continue reading "Ocean Rig Poseidon rig starts Eni work in Angola. Rig inquiries on the rise"
Source: Lekoil The 3D seismic acquisition and processing operations on the Otakikpo field offshore Nigeria have been completed with interpretation being the next step. The Otakikpo field is operated by Green Energy International Limited with Lekoil, as a financial and technical partner, holding a 40% interest. Lekoil said on Thursday that the acquisition was undertaken by Sinopec …
Continue reading "Nigeria: Otakikpo partners moving to interpretation stage of field data"
… As OPEC Sec. Gen. Assures Nigeria, Global Oil Community of Sustainable Market Stability The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, is expected to speak in a panel discussion today at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), following the Conference’s opening ceremony yesterday in Abu Dhabi. …
Continue reading "Baru Speaks at Abu Dhabi International Petroleum Confab Today"
Oil Poised for Sixth Weekly Loss by  Bloomberg Tsuyoshi Inajima | Oil is poised for a sixth weekly loss, trading near $57 a barrel. (Bloomberg) -- Oil is poised for a sixth weekly loss, trading near $57 a barrel as lingering concerns over a supply glut continue to weigh on the market. Futures in …
Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up. Illustration only; A KFELS-B type rig / Image by KeppelShelf Drilling on Wednesday posted a net loss for the third quarter of $10 million, which is more or less flat …
Continue reading "Shelf Drilling: Jack-up utilization rising, dayrates historically low"
Energy Network 