OPEC’s flexible output target can absorb oil recovery from Nigeria, others – Barkindo

OPEC’s Secretary-General Mohammad Barkindo said the group wants an “orderly recovery” in oil production from Libya, Nigeria and Iran and has a flexible output...

OPEC sees lower demand for its oil in 2018, highlights surplus

OPEC said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump...

TechnipFMC loads out umbilicals for Total’s Egina project

Energy services company TechnipFMC on Monday posted a photo on social media channels showing the loading of water injection umbilicals for Total’s Egina project...

Nigeria’s rig owners urge FG to seek alternative funding for JV operations

Rig owners in Nigeria have tasked the Federal Government on implementing the alternative funding stream for joint venture operations approved during a meeting of...

Nigeria will support cap on production but no timeframe to join OPEC cuts yet...

Nigeria's oil minister Emmanuel Kachikwu told reporters in Abuja that the country will support a cap on its oil production, Bloomberg reports. The production cap...

Baker Hughes, GE Oil complete merger, create fullstream oil & gas company

Baker Hughes (https://BHGE.com), a GE (www.GE.com) company (NYSE: BHGE) announced today that the transaction combining GE's oil and gas business with Baker Hughes is...

Indigenous oil firms seek stable, competitive fiscal regime in PIB

Nigerian independent exploration and production (E & P) companies while at the maiden edition of the Aspen Energy Roundtable series, have called on the...

OPEC caps for Nigeria, Libya may not be enough to stop oil glut

A proposal that Nigeria and Libya could have to accept limits on their crude production probably wouldn’t be enough to put OPEC’s faltering efforts...

Nigeria’s PIB, licensing rounds experience delays as other African nations advance

Several African countries have continued to discover new hydrocarbon resources and undertaken licensing rounds while uncertainty around fiscal terms and the slow progress in...

Libya, Nigeria may attend OPEC/non-OPEC July meeting over production cuts

Russian Energy Minister Alexander Novak said at an industry conference in Istanbul that Libyan and Nigerian officials may attend a joint meeting between OPEC...

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