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by  Bloomberg Grant Smith | Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. (Bloomberg) -- Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. …
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Calls on Oil companies to comply with local content regulations The Ministry of Mines and Hydrocarbons of Equatorial Guinea has mandated all petroleum operators including but not limited to Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil Corporation and other operators to cancel all contracts with Canadian-based CHC Helicopters, due to noncompliance of Equatorial Guinea’s …
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The world of fossil fuel is about to change. It is changing uniquely. The world will demand far more energy than it is currently doing, while the energy mix changes. There are people who don’t believe that the transition is happening.Concerns have risen around prospects of global warming. The Paris Climate Agreement aims to …
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Source: African Petroleum African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either. To remind, AP registered a request for arbitration proceedings with ICSID on July 11, 2018 to protect its interests …
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…As Baru Expresses Commitment to Sustain Products Availability As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP …
Seismic specialist Polarcus has won a contract to carry out a 3D marine seismic acquisition project offshore Africa. One of Polarcus’ vessels; Source: Polarcus The seismic company said on Thursday that the project would be carried out in West Africa, without providing any details on the client, or the value of the deal. According to …
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Oil Set for Worst Week Since February by  Bloomberg Tsuyoshi Inajima | Oil's set for the biggest weekly loss since February. (Bloomberg) -- Oil’s set for the biggest weekly loss since February as fears over a supply disruption eased as the U.S. was said to agree on giving waivers to eight nations to continue …
by  Bloomberg Tsuyoshi Inajima | Oil extended losses near $65 a barrel after the worst month in more than 2 years. (Bloomberg) -- Oil extended losses near $65 a barrel after the worst month in more than two years on lingering concern over a supply glut and a stronger dollar. Futures in New York …
Tony Attah, Managing Director of the Nigerian LNG Limited will be on a Panel with Taofik Adegbite, CEO, of Marine Platforms, to converse around the Joy Of Reading at the Lagos Book and Art Festival next Wednesday. They will both be engaged by Reuben Abati, former spokesperson of the Nigerian Presidency. Adegbite Fatona …
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A Vitol-led consortium has agreed to acquire a Petrobras’ offshore fields in Nigeria for $1.407 billion. The consortium buying the stake is comprised of Vitol, Africa Oil, and Delonex. Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B.V., a company owning a share in oil fields offshore Nigeria. BTG Pactual …
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