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Source: Aker Solutions Norwegian oilfield services provider Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance, and operations support for BP’s Greater Plutonio and PSVM fields offshore Angola. Aker Solutions said on Thursday that the scope of work covers the supply of engineering, procurement, and construction services for brownfield projects on …
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Delmar Systems, a U.S. offshore mooring and subsea services company, has been awarded a mooring contract for the Development Driller III at ExxonMobil’s locations offshore Equatorial Guinea. Development Driller III; Image by: U.S. Coast Guard photo by Petty Officer 3rd Class Patrick Kelley; Source: Wikimedia (this image is cropped) Delmar has said that it will provide engineering …
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by  Bloomberg Sherry Su (Bloomberg) -- China is set to boost its crude imports from West Africa to the highest in at least seven years this month as the trade war with the U.S. prompts the Asian nation’s refiners to find alternatives. Chinese refiners have bought about 1.71 million barrels a day of crude for …
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by  Bloomberg Paul Burkhardt & Elisha Bala-Gbogbo Billionaire Aliko Dangote is building a 650,000 barrel-a-day refinery in Nigeria that will help cut the nation’s $7 billion annual fuel-import bill. Such is the pressure on its finances, the government is pursuing another option, giving licenses to mini refineries, some with capacity of as little as …
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by  Andreas Exarheas Rigzone Staff Senegal's deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research states in a new report. Senegal’s deepwater SNE field is on track for first oil in 2022, Fitch Solutions Macro Research has stated in a new report. “Key 2018 milestones include the submittal …
by  Bloomberg Heesu Lee Tuesday, October 02, 2018 Oil extended gains near the highest level in almost 4 years as investors grapple with doubts over OPEC's ability to replace falling exports from Iran. (Bloomberg) -- Oil extended gains near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to …
by  Nicholas Newman Rigzone Contributor Wednesday, October 03, 2018 A cocktail of factors could see oil go as high as $100 a barrel by Christmas. Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on …
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for the month of May, 2018, a performance which is relatively higher than the trading surplus of N17.16bn recorded in the preceding month. Details of the transactions contained in the recently released May 2018 edition of the Monthly NNPC Financial and Operations Reports also …
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Global Petroleum Limited, an oil company focused on exploration in Namibia, is not discouraged by the recent dry well drilled by Tullow near Global’s assets. In fact, Global is encouraged by the result, as the well showed traces of hydrocarbons. Commenting on Tuesday, Global Petroleum noted the Tullow drilling result, and said it was encouraged by …
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Ocean Rig Poseidon; Image source: Pancontinental Ocean Rig Poseidon, a sixth generation deepwater drillship, has started drilling on the Chariot-operated Central Blocks license offshore Namibia. Chariot is the operator of the license with a 65% interest and its partners are Azinam with a 20%, NAMCOR with 10%, and Ignitus with the remaining 5% interest. Chariot secured the Ocean Rig-owned drillship to …
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