by  Bloomberg Heesu Lee | Oil headed for its biggest 2-day advance since June as concerns over a supply glut eased. (Bloomberg) -- Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market. …
OPEC-Russia Inch Toward Output Cuts
by  Bloomberg James Herron | OPEC and its allies gather in Vienna this week to discuss production cuts. (Bloomberg) -- OPEC and its allies gather in Vienna this week to discuss production cuts after the biggest monthly drop in oil prices in a decade. They have the broad outlines of a deal after Russia …
Big Oil Battles Prolonged Gender Problem
by  Bloomberg Javier Blas & Kevin Crowley | Globally, the oil and gas sector ranks second only to construction as the worst for gender equality, according to a study by Boston Consulting Group. (Bloomberg) -- When Stacey Olson got her first energy job 29 years ago, she was a "company man." That’s what Chevron …
Crude Oil Uptick Continues by  Matthew V. Veazey Rigzone Staff | Crude prices posted more day-on-day gains as players in the oil market anticipate the Dec. 6 meeting in Vienna of OPEC and non-OPEC member nations. The January futures price for West Texas Intermediate (WTI) crude oil settled at $53.25 a barrel Tuesday, posting …
FG MAKES U-TURN, SAYS IT CAN’T STOP FUEL IMPORTATION 2019.
The Federal Government has said the 2019 target date for the stoppage of importation of refined petroleum products into the country was no longer feasible. Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this at the opening ceremony of a three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by Department of …
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We Don’t Have 70,000 Staff – NNPC
The Management of the Nigerian National Petroleum Corporation (NNPC) has clarified that it has neither 70,000 staff in its employ nor is it embarking on a staff performance probe. The clarification is sequel to reports in a section of the media insinuating that NNPC has a staff strength of over 70,000 and was about conducting …
TechnipFMC, Van Oord land Mozambique project work
U.S. oil and gas company Anadarko has selected a consortium consisting of TechnipFMC and Van Oord as the preferred tenderer for the engineering, procurement, construction, and installation (EPCI) of the offshore subsea system for its Mozambique LNG project. Offshore Energy Today reported in late October that Anadarko had been waiting for the approval from the Government of …
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Russia and Saudi Arabia Will Extend OPEC+ Oil Pact
by  Bloomberg Ilya Arkhipov, Javier Blas and Nayla Razzouk | Russia and Saudi Arabia agree to extend into 2019 their deal to manage the oil market. (Bloomberg) -- Russia and Saudi Arabia agreed to extend into 2019 their deal to manage the oil market, known as OPEC+, although Moscow and Riyadh have yet to …
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Oil Jumps Most Since June
by  Bloomberg Heesu Lee | Oil was jolted higher by efforts across the globe to support prices. (Bloomberg) -- Oil was jolted higher by efforts across the globe to support prices as Saudi Arabia and Russia extended their pact to manage the market and Canada’s largest producing province ordered unprecedented output curbs. Futures shrugged …
Oil Market Hinges on Saudi Dilemma
by  Bloomberg Javier Blas | The choice facing Saudi Arabia at next week's OPEC meeting is dramatic. (Bloomberg) -- The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy. For Mohammed bin Salman, the …
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