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The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the …
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zoomSource: Tower Respurces London-based oil and gas company Tower Resources has signed a new petroleum agreement with the Government of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia. The agreement was signed by Tower Resources’ subsidiary, Tower Resources (Namibia) Limited, together with the National Petroleum Corporation of Namibia (Namcor) (10%) and ZM Fourteen …
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Italian oil company Eni has signed an agreement with Angola’s national oil company Sonangol to expand the perimeter of the offshore Block 15/06. Ngoma FPSO / Image: Eni’s Flickr account / Shared under CC BY-NC 2.0 licenseThe block, where Eni in June made the Kalimba discovery, will now cover an additional area of 400 km2 on the west …
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Oil Trades Near $62 by  Bloomberg Sharon Cho | Oil was steady after 8 days of losses. (Bloomberg) -- Oil was steady after eight days of losses as investors weighed the potential outcome of an OPEC meeting this weekend against a bigger-than-expected gain in American crude stockpiles. Futures in New York were little changed, …
Oil Market Faces Precarious Few Months by  Andreas Exarheas Rigzone Staff | The oil market faces a precarious few months, according to Wood Mackenzie. The oil market faces a precarious few months. That’s according to Wood Mackenzie’s (WoodMac) latest edition of the Edge, a regular column penned by the company’s chairman and chief analyst …
by  Bloomberg Kelly Gilblom | One of the biggest oil bosses in the world has a message for hotshot young tech stars. (Bloomberg) -- One of the biggest oil bosses in the world has a message for hotshot young tech stars: trust me, being arrogant won’t pay off. Royal Dutch Shell Plc Chief Executive …
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Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Algeria Future Energy Summit, 29 October 2018, Algiers, Algeria. Excellencies, distinguished guests, ladies and gentlemen: I have the distinct pleasure – and possibly the challenge – of speaking to you after a sumptuous lunch, courtesy of our friends at ENI. Before I begin, I would …
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The worldwide offshore rig count in October rose by three units compared to October 2017 numbers. According to BHGE’s report released on Wednesday, the worldwide offshore rig count in October 2018 was 230 units, up from 227 a year ago. A drillship in the U.S. Gulf of Mexico. Photo by Adventures of KM&G-Morris/Flickr. Shared under …
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by  Bloomberg Sharon Cho | Crude's set for the longest losing streak since 2014 as concerns of a supply crunch ease. (Bloomberg) -- Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import …
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by  Bloomberg Grant Smith and Javier Blas OPEC is enduring one of the most head-spinning years in its history. (Bloomberg) -- OPEC is enduring one of the most head-spinning years in its history, swerving from cutting oil production to boosting it as quickly as possible. It may need to reverse course again. Saudi Arabia …
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