Old Mutual Takesa Piece of Nigerian Gas Infrastructure

  By Pospectus Mojjido, in Abidjan With the conclusion of the takeover of Seven Energy assets, a widely known South African Insurer now owns a piece of a grid length, natural gas pipeline in Nigeria. African Infrastructure Investment Managers (AIIM) is a member of the Alternative Investments unit of the Old Mutual Group, the South …

Light Crude Falls Below $55

  WTI and Brent crude oil futures declined for the fourth consecutive trading day. West Texas Intermediate (WTI) and Brent crude oil futures declined for the fourth consecutive trading day. The WTI for August delivery lost $1.48 Thursday, settling at $55.30 per barrel. At one point, the light crude marker fell to $54.72. At the …

Mozambique: Anadarko sets date for giant gas project sanction

U.S. oil firm Anadarko Petroleum expects to make the final investment decision for its Mozambique LNG project next month. A drillship offshore Mozambique / Image source: AnadarkoThe company, in takeover talks with Oxy after Chevron decided to pull out on Thursday, has said that the FID for the Mozambique project, designed to develop offshore gas deposits, would be …

Tower Resources bringing Topaz Driller rig back to Cameroon Tower Resources has via its Cameroon subsidiary hired the Topaz Driller jack-up rig from Vantage Drilling for drilling operations offshore Cameroon in 2019. The rig is expected to start the NJOM-3 well at Tower’s Thali license in the second quarter of 2019. The Thali PSC, where the …

OIL HOLDS GAIN NEAR $52

Oil Holds Gain Near $52 by Bloomberg|Heesu Lee Oil held gains near $52 a barrel on optimism the OPEC+ coalition's production curbs will clear a supply glut. (Bloomberg) -- Oil held gains near $52 a barrel on optimism the OPEC+ coalition’s production curbs will clear a supply glut that’s already showing signs of decreasing. Futures …

Nigeria Records 9% Daily Crude Oil Production Upswing in 2018

Nigeria Records 9% Daily Crude Oil Production Upward Swing in 2018   … As Baru Reels Out Scores of NNPC’s Milestone Achievements in Outgone Year   Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in outgone 2018, translating to a 9 per cent increment, compared with the 2017 average daily …

$123bn of Offshore Projects May Be Sanctioned in 2019

$123B of Offshore Projects May be Sanctioned in 2019 by  Andreas Exarheas|Rigzone Staff             $123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning. $123 billion of offshore projects …