THE SITED ARM FOUNDING DOCUMENT The SITED ARM is an abbreviation of Safety In The Engineering Department Automobile Repair Men. SITED is a department in the Energy Network Business Blog set up to interface with relevant Public and Private Sector Institutions and Players to address, in a pragmatic manner, the issue of safety in the …
SPIP Visits Executive Secretary, Pledges Collaboration
This is a file on OPEC activities
NCDMB, BOI set flexible conditions for US$200m NCI Fund applications
The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have relaxed some of the conditions for accessing the US$200 million Nigerian Content Intervention Fund (NCI Fund) by qualified oil and gas service companies. NCDMB and BOI convened a stakeholders’ forum in Lagos recently to address the major challenges applicants face …
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OPEC MONTHLY OIL MARKET REPORT
SEPTEMBER STATEMENT Oil Market Highlights Crude Oil Price Movements In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down for the month. Price declines were mainly due to worries that the ongoing global trade disputes would lower oil demand, strengthening US dollar, US stock builds and …
Offshore Namibia Dud Dims Outlook for New Play
by Bloomberg Paul Burkhardt Monday, September 24, 2018 Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery. (Bloomberg) -- Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's …
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OPEC’s World Oil Outlook 2018 launched in Algiers
No 20/2018 Algiers, Algeria 23 Sep 2018 The 2018 OPEC World Oil Outlook (WOO) was launched today in Algiers, Algeria. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the …
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New Age seeking farm-out partner for South Africa block
Oil and gas operator New Age Energy is seeking a farm-out partner for its Algoa-Gamtoos license offshore South Africa. New Age is the operator of the block with a 50 percent ownership, with Rift Petroleum – a subsidiary of Tower Resources – owning the remaining 50 percent. Tower Resources on Friday said New Age Energy …
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OGCI members move to tackle methane emissions
Following last week’s news that three U.S. oil companies would join the Oil and Gas Climate Initiative, OGCI on Monday announced a target to reduce by 2025 the collective average methane intensity of its members’ upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a …
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Oil Advances as Traders Turn Bullish
by Bloomberg Tsuyoshi Inajima Tuesday, September 25, 2018 Oil extends gains near the highest level in almost 4 years. (Bloomberg) -- Oil extended gains near the highest level in almost four years as banks and trading houses said prices may spike after OPEC and its allies rebuffed President Donald Trump’s call to boost production. …
End of the line for Jasper Explorer drillship
zoomJasper Explorer / Image source: Jasper Investments Offshore rig broker Bassoe Offshore has informed that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for $6.3 million earlier in September. The “Jasper Explorer” was built in Jan 1973 by IHC Gusto Engineering …
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