by  Matthew V. Veazey The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia. The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia, Azinam Limited and operator Chariot Oil and …
NNPC EMBARKS ON A MULTI-BILLION NAIRA HEALTH VENTURE…
....to Curtail Medical Tourism … As Baru Hails New Development The Nigerian National Petroleum Corporation (NNPC) has teed-off a major national healthcare intervention project designed to halt medical tourism to foreign destinations through the provision of state-of-the-art hospitals and diagnostic centres across the country. Details of the medical venture plans published in …
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Baru Urges Oil Workers To Sustain Sectoral Harmony
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has reminded Oil and Gas workers in the country to sustain the industrial harmony the sector has enjoyed in recent times. NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, in a release today in Abuja, quoted Dr. Baru …
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Popular WTI Crude Options Gaining Global Appeal
by  Matthew V. Veazey Rigzone Staff Wednesday, September 26, 2018 CME Group has found that options for NYMEX WTI Light Sweet Crude Oil futures have been very popular this year among traders from outside the US during non-US trading hours. Akin to insurance, oil options enable traders to pay a premium for the …
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Vaalco gets 10-year extension for Etame Marin permit
zoomFPSO Petroleo Nautipa operating for Vaalco offshore Gabon; Source: BW Offshore Houston-based oil company Vaalco Energy has been awarded a ten-year extension for the Etame Marin exclusive exploitation areas through 2028 from the government of Gabon. Vaalco said on Tuesday that the company, together with other Etame participating interest owners, received the Presidential Decree approving the successful execution …
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Total Sees $100 Oil Coming
by  Bloomberg Ben Sharples and Francine Lacqua Thursday, September 27, 2018 Total is among a growing chorus that sees $100 oil on the horizon, but the French energy giant isn't thrilled about it. (Bloomberg) -- Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant …
Oil Surges on Prospects of Supply Crunch
by  Bloomberg Sharon Cho Thursday, September 27, 2018 Oil surged on prospects of a supply crunch after the US ruled out the release of emergency crude reserves. (Bloomberg) -- Oil surged on prospects of a supply crunch after the U.S. ruled out the release of emergency crude reserves, adding to concerns over potential losses …
NAOC holds Nigerian Content workshop for vendors
The Nigerian Agip Oil Company (NAOC) and its joint venture partners have organized a workshop for its contractors on regulatory and procurement best practices. The workshop was organised in Yenagoa, Bayelsa State recently and sought to enlighten contractors on the regulations, policies and laws that are applicable in the oil and gas industry and encourage …
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Exercise Restraint on Strike Action, Baru Appeals to Oil Workers
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving …
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NNPC Cautions Petroleum Products Consumers Against Panic Buying
… Says FG is Addressing the NLC Planned Industrial Action The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Dr. …
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