OPEC Speculates Oil-Price Rebound – WSJ OPEC on Wednesday predicted oil prices would rebound, but the cartel said it expects to reduce its own production in the coming years. The report comes after global oil pricesthis week fell to levels not seen since 2004 amid ballooning oversupply. In its closely watched annual World Oil Outlook, published …
Fugro Anchors Exxon’s Guyana deepwater Contract According to WorldOil Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. The contract provides for an autonomous underwater vehicle (AUV) geophysical survey and an environmental baseline survey, along with shallow …
Shell Slashes $2 billion from its spending Plan as it takes over BG –WorldOil Royal Dutch Shell Plc, Europe’s largest oil company, further reduced spending plans for this year and 2016 as it prepares to take over BG Group Plc amid slumping prices for crude. The combined company plans to spend $33 billion next year, …
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NNPC Awards New Crude oil Swap Deals to Four Companies Nigerian National Petroleum Corporation, NNPC, has set up four new crude swap contracts to replace those cancelled last month that were vital for bringing in about half of domestic fuel demands, industry sources disclosed as seen in NigerianBulletin Despite exporting about 2 million barrels of crude …
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