Your Weekly Update: 28 Aug - 1 Sep
Last week in the world oil: Prices - Crude prices rose as key refineries and pipelines in the US Gulf resume operations after being shut for Hurricane Harvey. WTI prices recovered to US$48/b, as refining centres around Corpus Christi, Houston and Port Arthur avoided major damage and resumed ...Aiteo at the vanguard: the powerhouse at the centre of Nigerian oil
There is a quote that says: ‘ the definition of insanity is doing the same thing over and over again and expecting a different result '. It's often attributed to Albert Einstein, but it perfectly describes the state of the oil sector in Nigeria. Governments come and go, oil licences are approved, an ...Derby Omokoh - Upstream Consulting Company Lagos
- The first half of 2017 shows the start of a recovery in the global land drilling market, according to figures from Westwood Global Energy Group (Westwood) - It predicts that the global number of rigs drilling will increase at a seven per cent compound annual growth rate (CAGR), over the period to ...Your Weekly Update: 14 - 18 Aug
Last Week in World Oil: Prices - Last week's price rally sputtered out at the start of the week, with Brent at nearly US$52/b and WTI at US$48/b. However, with signs that the global market was rebalancing from chronic oversupply, oil prices have been edging upwards, though a rally to ...Cairn Energy swings to profit after Kraken begins producing oil
The ball appears to be rolling along quite nicely in Senegal. Cairn has upgraded the size of the estimated contingent proven and probable resource base at the SNE field there to approximately 563 million barrels of oil, up from a 473 million barrel estimate back in March. The more detailed product ...Your Weekly Update: 31 Jul - 4 Aug
Last week in World oil: Prices - Oil prices remain stuck – at around US$52/b for Brent and US$50/b for WTI – as BP predicts that crude prices will stay in a range of US$45-55/b over 2018. Although signs are pointing to a slight slowdown, high output from the US is holding prices down, as ...NrgEdge welcomes Vandana Hari on board as Oil Markets Advisor
Singapore, 2 August - Vandana Hari has 22 years of experience providing intelligence on the global oil and gas markets to executives in the industry, allied services, government officials, and wealth managers. She is Founder and CEO of Vanda Insights, a provider of analysis and research on the glo ...
Improving Oil and Gas Joint Venture Accounting with Automation Oil and gas joint venture accounting requires accurate allocation of costs to partners and creation of Joint Venture Interest Billing statements and invoices for cost recovery. Constant changes in equity creates complexity for the JV ...Marcus Kelly - TouchstoneEnergy
Westwood Global Energy Group Predicts OFS Markets Recovery
- Latest data from Westwood Global Energy Group (WGEG) predicts recovery in some Oil Field Services (OFS) markets, whilst others will remain sluggish - Recovery expected in onshore drilling and the Maintenance, Modifications and Operations (MMO) market - Oilfield equipment will continue to see cha ...Westwood Global Energy Group Predicts Brighter Outlook for Global Oil & Gas Exploration
Westwood Global Energy Group (WGEG)'s annual State of Exploration report analyses the last five years of conventional oil & gas exploration and forecasts exploration drilling plans for 2017 The analysis confirms that 2016 saw a nine-year low in oil & gas exploration in both wells drilled and di ...How are Upstream Oil & Gas companies succeeding in this volatile and highly competitive environment?
The ‘lower for longer' oil price has forced upstream Oil & Gas companies to look hard at their costs. Every industry faces pressure to transform and we all know that transformation begins by aligning an organisation for greater effectiveness. We also know that this can largely be achieved by pla ...Marcus Kelly - TouchstoneEnergy
Why Oil & Gas Companies should be conducting yearly process reviews
Don't let another year go by without taking action to improve your existing financial and business processes During the initial stages of many software implementations and software review projects, TouchstoneEnergy frequently recommends that our clients & prospects engage in a Business & Systems ...Marcus Kelly - TouchstoneEnergy
On the brink of progress in the Delta?
Last month I was very interested to read the announcement from our esteemed Minister of State for Petroleum Resources, Dr Emmanuel Kachikwu. He may have been speaking at the Nigerian Oil and Gas (NOG) Conference , but in reality he was addressing the world. His message was this: that the Federal Go ...Derby Omokoh - Upstream Consulting Company Lagos
The Oil & Gas industry is truly leading by example when it comes to Cloud Computing
"Cloud Technology is helping to integrate vital business components so that the right answers are delivered to the right people, at the right time and in the right way” says Peter Davis, Business Unit Head, TouchstoneEnergy The ‘lower for longer' oil price has forced upstream Oil & Gas compani ...Marcus Kelly - TouchstoneEnergy
Benedict Peters: Nigerian firms fuelling the recovery
When Nigeria emerges from recession, the way we do business must change forever. This does not just mean an emphasis on diversification; though as the recession has bitten over the last 12 months, the need for diversifying the source of government revenues and our export base has never been more urg ...
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When it comes to vandalism Nigeria needs to address the cause, not the symptom
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Benedict Peters: Aiteo Founder hits back over corruption allegations, boasting $4bn of FDI
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