By Chris Paul Otaigbe The ongoing construction of the Dangote Refinery is proposed to relieve Nigeria of the perennial issue of Fuel scarcity and Fuel subsidy. It is, therefore, supposed to be a thing of joy to the country at large and the surrounding community of its proposed operations. The …
OPEC Sees Need to Keep Oil Supply Deal as Demand Faces Headwinds
Bloomberg Anthony DiPaola OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces 'headwinds,' the head of the organization said. (Bloomberg) -- OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said. …
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OPEC Warns of Threats to Oil Supply from Iran and Other Producers
by Bloomberg Anthony DiPaola Tuesday, September 18, 2018 The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, according to the group's top official. (Bloomberg) -- The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, …
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Machine Learning to Transform Oil and Gas Industry
by Valerie Jones Rigzone Staff Thursday, September 20, 2018 In the age of Big Data, the oil and gas industry is taking cues from technology companies to transform its E&P operations. Machine learning is transforming the way in which oil and gas is discovered and developed. And the help of big technology companies has …
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OPEC’s Decade of Turmoil Leaves Cartel Seeking a New Way Forward
by Bloomberg Christopher Sell Thursday, September 20, 2018 OPEC's 60-year history has rarely confronted a more challenging period than the past decade. (Bloomberg) -- A global recession, both $140 and $30 oil, the U.S. shale revolution, a market-share war, and output cuts. OPEC’s 60-year history has rarely confronted a more challenging period than the …
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Trump Presses OPEC to Reduce Prices as Crude Trades Near $80
by Bloomberg James Herron Thursday, September 20, 2018 US President Donald Trump resumes his criticism of OPEC, saying on Twitter that the cartel 'must get prices down now!' (Bloomberg) -- U.S. President Donald Trump resumed his criticism of OPEC, saying on Twitter that the cartel “must get prices down now!” Trump’s fresh intervention in …
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