by  Andreas Exarheas Rigzone Staff Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report. Senegal’s deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research has stated in a new report. “Key 2018 milestones include the submittal …
Oil Hovers at 4-Year High
by  Bloomberg Heesu Lee Tuesday, October 02, 2018 Oil extended gains near the highest level in almost 4 years as investors grapple with doubts over OPEC's ability to replace falling exports from Iran. (Bloomberg) -- Oil extended gains near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to …
$100 Oil By Christmas?
by  Nicholas Newman Rigzone Contributor Wednesday, October 03, 2018 A cocktail of factors could see oil go as high as $100 a barrel by Christmas. Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on …
NNPC Records N18.12bn Monthly Trading Surplus in May
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for the month of May, 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in the preceding month. Details of the transactions contained in the recently released May 2018 edition of the Monthly NNPC Financial and Operations Reports also …
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Global Petroleum finds silver lining in Tullow’s dry well
Global Petroleum Limited, an oil company focused on exploration in Namibia, is not discouraged by the recent dry well drilled by Tullow near Global’s assets. In fact, Global is encouraged by the result, as the well showed traces of hydrocarbons. Commenting on Tuesday, Global Petroleum noted the Tullow drilling result, and said it was encouraged by …
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Chariot spuds Prospect S off Namibia
Ocean Rig Poseidon; Image source: Pancontinental Ocean Rig Poseidon, a sixth generation deepwater drillship, has started drilling on the Chariot-operated 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 5% interest. Chariot secured the Ocean Rig-owned drillship to …
Drilling To Spud Offshore Namibia
by  Matthew V. Veazey The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia. The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia, Azinam Limited and operator Chariot Oil and …
NNPC EMBARKS ON A MULTI-BILLION NAIRA HEALTH VENTURE…
....to Curtail Medical Tourism … As Baru Hails New Development The Nigerian National Petroleum Corporation (NNPC) has teed-off a major national healthcare intervention project designed to halt medical tourism to foreign destinations through the provision of state-of-the-art hospitals and diagnostic centres across the country. Details of the medical venture plans published in …
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Baru Urges Oil Workers To Sustain Sectoral Harmony
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has reminded Oil and Gas workers in the country to sustain the industrial harmony the sector has enjoyed in recent times. NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, in a release today in Abuja, quoted Dr. Baru …
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Popular WTI Crude Options Gaining Global Appeal
by  Matthew V. Veazey Rigzone Staff Wednesday, September 26, 2018 CME Group has found that options for NYMEX WTI Light Sweet Crude Oil futures have been very popular this year among traders from outside the US during non-US trading hours. Akin to insurance, oil options enable traders to pay a premium for the …
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