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Talks Underway to Build Gas Pipeline to Egypt by Bloomberg|Mirette Magdy| (Bloomberg) -- Talks are in progress to build an underwater natural gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Israeli …
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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 …
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$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 …
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Oil Heads for Biggest Weekly Gain Since 2017 by Bloomberg|Heesu Lee Brent crude heads for its biggest weekly gain since July 2017 as OPEC's production cuts outweigh concerns over the health of the global economy. (Bloomberg) -- Brent crude headed for its biggest weekly gain since July 2017 as OPEC’s production cuts outweighed concerns …
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Deepwater Nigeria Field Starts Production by Matthew V. Veazey|Rigzone Staff| Total reported Wednesday that it has achieved first oil from the deepwater Egina Field. Total S.A. reported Wednesday that it started production Dec. 29, 2018, from the deepwater Egina Field, located approximately 150 miles offshore Nigeria. “Total is proud to deliver a project …
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by Valerie Jones|Rigzone Staff Drilling has commenced on the Brulpadda re-entry well offshore SouTotal Spuds Well Offshore South Africa by Valerie Jones|Rigzone Staff| Drilling has commenced on the Brulpadda re-entry well offshore South Africa. Total S.A. has begun drilling the Brulpadda-1AX re-entry well …
by Bloomberg|Grant Smith Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year. (Bloomberg) -- Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of …
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by Andreas Exarheas|Rigzone Staff What is really driving the price movement? What is driving the oil price down is the fact that the market believes the market is oversupplied. That’s what Will Rhind, founder and CEO of GraniteShares, outlined in a video interview with CNBC on Friday. …
BW Adolo; Source: BW Offshore First oil cargo was offloaded from the BW Offshore-owned FPSO BW Adolo located offshore Gabon on Sunday, December 2. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery, BW Offshore said on Monday. The …
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Qatar Decision to Quit OPEC Surprises by Andreas Exarheas Rigzone Staff | Qatar's decision to leave OPEC has been described as a 'surprise' by Cantor Fitzgerald Europe. Qatar’s decision to leave OPEC has been described as a “surprise” by Ashley Kelty, an oil and gas research analyst at Cantor Fitzgerald Europe. “The decision by …
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