by Bloomberg Kelly Gilblom and Kevin Crowley Oil companies saw soaring profits during 3Q as they emerge worst-in-a-generation crude slump. (Bloomberg) -- Oil companies saw soaring profits during the third quarter as they emerge worst-in-a-generation crude slump. The main takeaway is that while results are mostly above or in line with expectations, it’s getting …
Crude Extends Decline
by Bloomberg Sharon Cho Oil extended its decline to a sixth day. (Bloomberg) -- Oil extended its decline to a sixth day as the U.S. defended the temporary waivers given to eight nations to keep buying Iranian crude after American sanctions against the OPEC producer snapped back on Monday. Crude in New York is …
Sunday Midnight Will Mark Dividing Line in Oil World
by Bloomberg Grant Smith | Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. (Bloomberg) -- Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. …
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DSDP: NNPC, BP Sign PMS Supply Agreement
…As Baru Expresses Commitment to Sustain Products Availability As part of measures to sustain the robust supply of petroleum products across the country and especially going into the Yuletide period and beyond, the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP …
Oil Set for Worst Week Since February by Bloomberg Tsuyoshi Inajima | Oil's set for the biggest weekly loss since February. (Bloomberg) -- Oil’s set for the biggest weekly loss since February as fears over a supply disruption eased as the U.S. was said to agree on giving waivers to eight nations to continue …
Oil Extends Losses Near $65
by Bloomberg Tsuyoshi Inajima | Oil extended losses near $65 a barrel after the worst month in more than 2 years. (Bloomberg) -- Oil extended losses near $65 a barrel after the worst month in more than two years on lingering concern over a supply glut and a stronger dollar. Futures in New York …
Okpere To Take Hold of Trinidad From Early 2019
By Jalatu Madiebo, in Warri The Nigerian geologist, Eugene Okpere, currently Shell’s Vice President Exploration for South America and Africa, is proceeding to a new job assignment in Trinidad and Tobago from January 2019. Okpere is currently based in the Upstream Division in The Hague, Netherlands. He will be taking charge as the Managing …
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Baru Tasks Engineers on Renewable Energy Development
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has challenged Nigerian engineers to come up with technologies to help deepen the development of renewable energy in the country. The NNPC helmsman threw the challenge during a courtesy call on him by members of the executive committee of the Nigerian …
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Baru Charges Petroleum Explorationists to Find More Oil
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikati Baru, has charged members of the Nigerian Association of Petroleum Explorationists (NAPE) to deploy their wealth of knowledge and experience to find more crude oil to meet the 40million barrels reserves target. Dr. Baru gave this charge yesterday when the leadership …
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Oil and Gas Optimism Rises for 2019
by Valerie Jones Rigzone Staff | All subsectors of the industry expressed confidence going forward during the industry's continued recovery, according to a Deloitte survey. The industry has finally moved past years of “cautious optimism” to a less delicate approach. Oil and gas executives are largely optimistic about the 2019 outlook for the industry, …
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