Shell Mulls Sale of Largest US Oil Field by  Bloomberg|Riley Griffin Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise as much as $10 billion, according to Reuters. The potential sale could include all of Shell’s 260,000 acres in the Permian Basin, …

Fuel Price Increases: NNPC’s impunity against Nigerians’ humanity

With twenty three fuel price increases, six  reductions and one decisive price reversal, the Nigerian National Petroleum Corporation (NNPC) persistent upward review product price, often with reasons that lack credibility, always put pressure on the macro and micro economic breath of Nigeria. At the receiving end of each experience is the average Nigerian. Each fuel …

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 …