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Total To Launch Oil Exports From New Nigerian Field In February

Just as OPEC and partners will have started the new round of production cuts to reduce oversupply, France’s Total is set to begin exports from the new ultra-deep Egina oil field offshore Nigeria in February 2019, at an initial rate of just over 100,000 bpd, Bloomberg reported on Thursday, quoting a copy of a loading program for the new grade it had seen.

read more... 21/12/2018


Daily (20.12.2018): WTI crude jumped by 4.2% on Wednesday, due to stronger demand and a strike on Libya’s oil field

Oil prices recovered on Wednesday, as demand for refined products strengthened. Consequently, Brent crude soared by 1.7% to $57.24 a barrel. Moreover, the strike on the Libya’s El-Sharara oilfield supported WTI crude, which traded 4.2% higher at $48.17 a barrel.

read more... 20/12/2018


Daily (12.12.2018): Carbon prices slumped by more than 3% on Tuesday

Oil prices rose slightly on Tuesday, due to weaker equity markets and worries about a possible U.S. government closure following Trump’s declaration related to the Mexican Border Wall. Brent crude edged 0.4% higher at $60.2 a barrel. Additionally, Libya's National Oil Company (NOC) stated that a force majeure situation occurred at the nation's major oilfield. WTI crude soared by 1.3% to $51.65 a barrel.

read more... 12/12/2018


Norske Shell completes $526m sale of stakes in NCS fields to OKEA

Royal Dutch Shell’s subsidiary Norske Shell has completed its previously announced NOK4.52bn ($526m) sale of its stakes in the Draugen and Gjøa fields located offshore Norway to OKEA.

read more... 04/12/2018


Romania's Romgaz to grow gas output by end-2018

Romanian natural gas producer Romgaz will increase its output by the end of the year on the back of stepped-up pumping in the Caragele field, the company said on Wednesday.

read more... 29/11/2018