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zoomFPSO Petroleo Nautipa operating for Vaalco offshore Gabon; Source: BW Offshore Houston-based oil company Vaalco Energy has been awarded a ten-year extension for the Etame Marin exclusive exploitation areas through 2028 from the government of Gabon. Vaalco said on Tuesday that the company, together with other Etame participating interest owners, received the Presidential Decree approving the successful execution …
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by  Bloomberg Ben Sharples and Francine Lacqua Thursday, September 27, 2018 Total is among a growing chorus that sees $100 oil on the horizon, but the French energy giant isn't thrilled about it. (Bloomberg) -- Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant …
by  Bloomberg Sharon Cho Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves. (Bloomberg) -- Oil surged on prospects of a supply crunch after the U.S. ruled out the release of emergency crude reserves, adding to concerns over potential losses …
The Nigerian Agip Oil Company (NAOC) and its joint venture partners have organized a workshop for its contractors on regulatory and procurement best practices. The workshop was organised in Yenagoa, Bayelsa State recently and sought to enlighten contractors on the regulations, policies and laws that are applicable in the oil and gas industry and encourage …
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving …
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… Says FG is Addressing the NLC Planned Industrial Action The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Dr. …
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THE SITED ARM FOUNDING DOCUMENT The SITED ARM is an abbreviation of Safety In The Engineering Department Automobile Repair Men. SITED is a department in the Energy Network Business Blog set up to interface with relevant Public and Private Sector Institutions and Players to address, in a pragmatic manner, the issue of safety in the …
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The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have relaxed some of the conditions for accessing the US$200 million Nigerian Content Intervention Fund (NCI Fund) by qualified oil and gas service companies. NCDMB and BOI convened a stakeholders’ forum in Lagos recently to address the major challenges applicants face …
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SEPTEMBER STATEMENT Oil Market Highlights Crude Oil Price Movements In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down for the month. Price declines were mainly due to worries that the ongoing global trade disputes would lower oil demand, strengthening US dollar, US stock builds and …
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