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Eni CEO Claudio Descalzi; Source: Eni/Flickr – under the CC BY-NC 2.0 licenseJapan’s MODEC has received a Letter of Intent (LOI) for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel from Eni in Mexico. The LOI was received on October 3, 2018. The firm time charter period is 15 years with five one-year extension …
Continue reading "Eni contracts MODEC to provide new FPSO for project off Mexico"
Offshore drillers Ensco and Rowan have announced an all-stock merger agreement creating an offshore drilling company with 82 offshore rigs in its fleet. The two drillers have said that the merger will create a driller with the broadest geographic presence of any offshore driller in the market. Rowan CEO will serve as the chief executive …
The Nigerian Content Development and Monitoring Board (NCDMB) has inaugurated a committee constituted by its personnel and representatives of the Federal Ministry of Interior (FMI) and the Nigerian Immigration Service (NIS). The intent is to forge close collaborations in the management of expatriate quota (EQ) and grow Nigerian participation in the oil and gas industry …
Continue reading "NCDMB, FMI, NIS get committee on Expatriate Quota Management"
Italian oilfield contractor Saipem has signed new offshore E&C contracts in Azerbaijan, the North Sea and Congo. The overall value of the contracts is approximately $400 million. One of Saipem’s vessels; Source: Wikimedia; Author: Kees Torn – under the CC BY-SA 2.0 licenseIn Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary, Saipem Contracting Netherlands …
Continue reading "Saipem cheers $400 million in new contract awards"
The Nigerian National Petroleum Corporation (NNPC) Friday in Abuja reported an oil pipeline fire outbreak along the Osisioma axis near Aba Depot in its System 2E pipeline network. The corporation said the incident might have been caused by suspected oil thieves who had hacked into the line to intercept flow of petrol from Port Harcourt …
Continue reading "NNPC Moves to Contain Oil Pipeline Fire Outbreak at Osisioma, Near Aba"
 The Nigerian Content Development and Monitoring Board (NCDMB) has inaugurated a committee constituted by its personnel and representatives of the Federal Ministry of Interior (FMI) and the Nigerian Immigration Service (NIS). The intent is to forge close collaborations in the management of expatriate quota (EQ) and grow Nigerian participation in the oil and gas …
Continue reading "NCDMB, FMI, NIS get committee on Expatriate Quota Management"
by  Valerie Jones There's decades of oil and gas excellence in the Govia family. Thirty-five year industry veteran Delfina Govia shares her family's experiences. The year was 1979. Women weren’t allowed to work offshore. And yet, there Delfina Govia was … working as a roustabout on a drilling rig in Lake Maracaibo offshore Venezuela. “Other …
Continue reading "FAMILY AFFAIR: Oil and Gas Has Driven Govia Family to Success"
by  Bloomberg Heesu Lee Oil headed for the biggest 2-day drop since July, with fuels from diesel to gasoline also declining as fears over a worsening trade war rattled markets across the board. (Bloomberg) -- Oil headed for the biggest two-day drop since July, with fuels from diesel to gasoline also declining as fears over …
Ocean Rig Poseidon; Image source: Pancontinental Chariot Oil & Gas has failed to encounter a hydrocarbon accumulation at its Prospect S well on the Central Blocks license, offshore Namibia. Chariot is the operator of the license with a 65% interest and its partners are Azinam with a 20%, NAMCOR with 10%, and Ignitus with the remaining …
by  Andreas Exarheas Both global oil demand and supply are now close to new, historically significant peaks at 100 million barrels per day, according to the International Energy Agency. Both global oil demand and supply are now close to new, historically significant peaks at 100 million barrels per day (MMbpd) “and neither show signs of …
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