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by Bloomberg Paul Burkhardt Monday, September 24, 2018 Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery. (Bloomberg) -- Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's …
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No 20/2018 Algiers, Algeria 23 Sep 2018 The 2018 OPEC World Oil Outlook (WOO) was launched today in Algiers, Algeria. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the …
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Oil and gas operator New Age Energy is seeking a farm-out partner for its Algoa-Gamtoos license offshore South Africa. New Age is the operator of the block with a 50 percent ownership, with Rift Petroleum – a subsidiary of Tower Resources – owning the remaining 50 percent. Tower Resources on Friday said New Age Energy …
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Following last week’s news that three U.S. oil companies would join the Oil and Gas Climate Initiative, OGCI on Monday announced a target to reduce by 2025 the collective average methane intensity of its members’ upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a …
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by Bloomberg Tsuyoshi Inajima Tuesday, September 25, 2018 Oil extends gains near the highest level in almost 4 years. (Bloomberg) -- Oil extended gains near the highest level in almost four years as banks and trading houses said prices may spike after OPEC and its allies rebuffed President Donald Trump’s call to boost production. …
zoomJasper Explorer / Image source: Jasper Investments Offshore rig broker Bassoe Offshore has informed that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for $6.3 million earlier in September. The “Jasper Explorer” was built in Jan 1973 by IHC Gusto Engineering …
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Source: Maersk DrillingOffshore driller Maersk Drilling has signed a contract with Aker Energy for Maersk Viking, an ultra-deepwater drillship, to drill the Pecan-4A appraisal well offshore Ghana. The contract covers one firm well with an expected duration of 30-35 days, with options for additional wells, and it is expected to start in the fourth quarter …
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Aker Energy, an oil company established in February 2018, has awarded contracts for its appraisal well offshore Ghana to Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana, and Exceed Well Management. Representatives from Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana Limited and Exceed Well Management Ghana Limited at a signing ceremony in Accra. Source: Aker …
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Vienna, Austria, 25 September 2018--The price of OPEC basket of fifteen crudes stood at $78.81 a barrel on Monday, compared with $77.08 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), …
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Offshore technical assistance company Petrolis has won a contract from Saipem for hook-up and mooring activities on Total’s FPSO Kaombo Sul to be located on Block 32 off Angola. Source: Petrolis Petrolis said on Wednesday that the company was chosen for the hook-up and mooring of the FPSO Kaombo Sul (Kaombo South) by Saipem following successful completion …
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