Blog

Tullow Oil reports higher profit for first half of 2024

*Rahul Dhir, CEO at Tullow Bengaluru — West Africa-focused Tullow Oil posted a rise in profit for the first six months of 2024, helped by higher crude prices. Crude prices have edged higher in the […]

Equatorial Guinea, Trafigura discuss $2 billion financing to support oil and gas development

(Bloomberg) – Equatorial Guinea says it held talks with Trafigura Group for the possibility of $2 billion in financing from the commodity trader to support development of the nation’s oil and gas sector. […]

Nigeria Navy chief says oil production up due to improved security

*Chief of Naval Staff Emmanuel Ikechukwu Ogalla. Abuja — Nigeria’s oil output has risen to between 1.6 million and 1.7 million barrels per day after the government beefed up security to curb crude theft, Chief […]

News

World oil demand is strong despite market “overreaction” Aramco CEO says

(Bloomberg) – The selloff in global oil markets on perceived bad economic news was overdone because demand remains strong, according to top crude exporter Saudi Aramco. Aramco CEO Amin Nasser Brent crude dropped […]

Oil prices rebound 1% on concerns wider Mideast conflict may cut supply

*Oil prices – Fear of wider Middle East conflict leads to fresh buying– U.S. passes message to Iran not to escalate– Strong US services sector data provides market respite Tokyo – Oil prices rebounded by […]

Digitising Reality receives DNV approval for remote offshore inspections with drone-based surveillance

(WO) – Digitising Reality announced its recent approval by DNV for using Remote Inspection Techniques (RIT) for close-up survey of structures, in accordance with Class Programme DNV-CP-0623. This approval allows Digitising Reality to carry out […]

CSOs to monitor NNPC compliance on crude sale to Dangote Refinery

*Dangote Refinery Oritsegbubemi Omatseyin Lagos — To ensure transparency and adherence to regulatory standards in the dealings between the Nigeria National Petroleum Company Limited, NNPC, and Dangote Refinery, a coalition of Civil Society Organisations, CSOs, has […]

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