Nigeria Sees OPEC Holding Firm in December by  Bloomberg | Grant Smith, Laura Hurst and Sherry Su | OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says. (Bloomberg) -- OPEC and its allies are likely to keep oil-production policy steady when they meet …
Oil Trades Below $68
by  Bloomberg Tsuyoshi Inajima | Oil traded below $68 a barrel as traders assessed mixed supply signals from producers. (Bloomberg) -- Oil traded below $68 a barrel as traders assessed mixed supply signals from producers. Futures in New York dropped as much as 0.5 percent after falling 2.2 percent last week. Russia suggested on Saturday …
Report: Ensco finds work for one of its drillships with Total
UK-based offshore driller Ensco has won a new contract for one of its ultra-deepwater drillships. Illustration; One of Ensco’s drillships; Image by: CellsDeDells; Source: Wikimedia – under the CC BY-SA 3.0 license According to VesselsValue, a maritime and offshore analytics company, Ensco won a term charter deal for the Ensco DS-9 drillship. The drillship was chartered by French …
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Eni and Total team up with Sonatrach to explore deep waters of Algerian offshore
Eni CEO Claudio Descalzi; Source: Eni/FlickrItalian oil company Eni, French Total, and  Algerian state-owned Sonatrach have signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province. The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, the Chief Executive Officer of Eni, Claudio Descalzi, and the …
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JMMC expresses satisfaction with developments in the oil market
 The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall conformity levels of the countries participating in the ‘Declaration of Cooperation’, during the month of September 2018, as well as the short-term prospects of the global oil market. The JMMC noted that countries participating in …
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NNPC Cautions Petroleum Products Consumers Against Mishandling of Products
… As Baru Assures of Petroleum Products Availability During Festive Period As the dry season draws near in the Country, the Nigerian National Petroleum Corporation (NNPC) has warned petroleum products consumers across the nation against mishandling of white products. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release Wednesday in …
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Gulf Marine gets more work in MENA region
UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, has been awarded a contract for one of its Small Class vessels.  Illustration – A GMS unit/ Source: Gulf Marine Services GMS said on Tuesday that the new charter was for 12 months …
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FUEL PRICE #NIGERIANS DESERVE DISCOUNT… NIGERIANS SHOULD PAY FAR LESS FOR FUEL
BY CHRIS PAUL OTAIGBE The issue of Fuel Subsidy and Fuel Pricing has been a recurring decimal on the national conversation of Nigeria. Many cannot understand why, with four Refineries, the Africa’s largest Oil Producer cannot refine its own Petroleum Products. To reduce the heat of the resulting tension and crisis in the polity, NNPC, …
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Eni charters Pacific Bora drillship for Nigeria offshore drilling
Eni’s Nigerian subsidiary Agip Exploration has chartered Pacific Drilling’s Pacific Bora drillship for drilling operations offshore Nigeria. Pacific Bora drillship – Image source: Wikimedia. Shared under CC BY-SA 3.0 licenseThe contract, for one firm well, is valued $9 million. Agip will have two additional option wells.  According to Pacific Drilling, the contract is expected to start in mid …
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Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
by  Bloomberg Dina Khrennikova | Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi. (Bloomberg) -- Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi, …
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