Providencehelp Worldwide Foundation
O'Providencehelp Worldwide Foundation is a leader in the of Nigerian Bonny Light Crude Oil (BLCO) sales market. As a privately held company, O'Providencehelp Worldwide Foundation Ltd is committed to and is focused on delivering reliable services to all her clients. Providencehelp Worldwide Foundation Limited is determined to continue to grow in the energy sector and to become one of the recognized leaders in the Nigerian oil and gas industry.
Simplifying Nigerian Bonny Light Crude Oil Buying, BLCO
O'Providencehelp Worldwide Foundation Ltd has an excellent track record of reliability in the supply of Bonny light crude oil, BLCO. We protect our buyers with 2% Performance Bond while we also expect protection from our customers with bank instrument from the world's top banks. We deliver on TTO, TTT, CIF and FOB basis.
Providencehelp Worldwide Foundation is also committed to the eradication of poverty in the developing countries. It is this sole agenda that motivates and drives all our activities.
If you wish to purchase Bonny Light Crude Oil from a reliable seller, contact us today to commence a comprehensive purchase procedure.
Friday, 23 September 2016
EIA: Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas
Production of oil and natural gas in the Appalachian basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012. More »
OPEC deal elusive even after Saudis offer oil cuts to Iran
OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production. More »
Exxon said to mull sale of more than $1 billion in Norway assets
Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said. More »
Gazprom discovers new gas field on Sea of Okhotsk shelf
MOSCOW – Gazprom has reported a new gas and condensate field in the Sea of Okhotsk, near Russia’s Sakhalin island. More »
Teekay awarded North Sea shuttle tanker contracts
Teekay Offshore Partners has been awarded new three-year shuttle tanker contracts of affreightment, plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO, which is part of the Quad204 development located west of Shetland in the North Sea. More »
Oil rebounds as Saudi Arabia said to offer output deal to Iran
Oil rebounded to head for a weekly gain after Saudi Arabia was said to have offered to reduce production if Iran agreed to freeze its output. More »
Former OPEC president optimistic there will be deal in Algiers
Chakib Khelil, the former Algerian energy minister who steered OPEC the last time it decided to cut supply, said he’s confident the group will reach an accord next week as low oil prices force members to act. More »
Maersk Oil seen surviving split to become independent producer
Maersk Oil may well survive as an independent oil company after being split off from its larger parent. While assets that include a stake in the giant Johan Sverdrup project off Norway will draw suitors, listing the company would make sense, analysts said. More »
Oil firm spending seen up in 2017 for first time since 2014
The oil industry may be ready to open its wallet after two years of slashing investments. More »
Thursday, 22 September 2016
Trump vows to speed energy infrastructure projects
Republican presidential nominee Donald Trump vowed to speed the government’s approval of energy infrastructure projects -- after the Obama administration moved to stall an oil pipeline in the Dakotas that has drawn protests. More »
Analyst touts industry’s cost reductions in U.S. shale plays
Recent analysis and statistical research have shown that break-even prices for oil production in the major U.S. shale plays have fallen, on average, at least $30/bbl for WTI. More »
Canacol Energy doubles natural gas drilling activity in Colombia
Canacol Energy has revised its capital plan for 2016. The new capital plan accelerates the corporation's natural gas opportunities in Colombia, with three new gas wells. More »
Top Permian oil producer says rig counts in the region are going to soar
The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth. More »
Papua New Guinea backs new Total LNG facility, Exxon PNG project expansion
Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France’s Total SA, in addition to an expansion of the existing $19-billion Exxon Mobil Corp. PNG LNG project. More »
CGG completes Phase 1 processing for Davros multi-client survey in northern Carnarvon basin
CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the northern Carnarvon basin on the North West Shelf of Western Australia is available now. More »
Schlumberger executes contract with PETRONAS for multi-client wide-azimuth deepwater seismic survey
Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (EandP) OVERSEAS VENTURES SDN. BHD., has signed an agreement to license a significant part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multi-client seismic survey in the southern Gulf of Mexico. More »
Chet Morrison Contractors partners with OEM on riser project
Chet Morrison Contractors’ (CMC) Deepwater Riser Services division recently completed work on a complex deepwater riser maintenance project for an offshore drilling rig that included complete disassembly, blast, paint and reassembly of 57 risers. More »
Saipem awarded onshore drilling contracts worth $430 million
Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The awards have an overall value of $430 million. More »
YPF sees Argentina reforms drawing billions in shale investments
Argentina’s biggest oil company sees the government removing production subsidies by the end of 2017, a step that may help lure investment as President Mauricio Macri tries to sell his vision of a more competitive economy. More »
Eni, BP boost potential of Baltim South West to 1 Tcf
Eni has upgraded the potential of Baltim South West field to 1 Tcf of gas in place following the results of the Baltim South West 2X appraisal well, which was drilled immediately after the discovery well. More »
Petrofac awarded Statoil UK training contract
Petrofac Training Services has been awarded a significant contract for training and emergency response services with Statoil (UK) Limited to support its UKCS operations. More »
Imperial sees Syncrude, Suncor mines sharing to cut costs
Imperial Oil and Suncor Energy are looking for more ways to shave costs at their Syncrude joint venture by sharing trucks, storage and other resources with nearby operations owned by Suncor, Imperial CEO Richard Kruger said. More »
Now is the ‘right time’ for OPEC to reach oil-output deal, Iraq says
Now is the right time for OPEC to reach an agreement on oil output, and crude prices may fall if its members fail to take a decision when they meet next week in Algiers, Iraq’s governor to the producer group said. More »
Wednesday, 21 September 2016
Bolivia’s Incahuasi field brought into commercial production
Today marked the start of commercial production from the Incahuasi field in Bolivia. Incahuasi is one of the largest active gas and condensate fields in Bolivia. More »
Russia’s northernmost active oil field enters commercial production
Russia’s northernmost active oil field has entered commercial production. More »
High interest in exploring for oil and gas in Norway: APA 2016
The deadline for applications to the annual licensing round in the best known exploration areas on the Norwegian Continental Shelf (APA 2016) expired on Tuesday, Sept. 6, 2016. Thirty-three companies have shown their interest in receiving oil and gas exploration licenses in these areas. More »
HPHT keynote presents DeepStar initiative aimed at deepwater technology development
World Oil’s annual HPHT Drilling, Completions and Production Conference got underway this morning with keynote speaker Greg Kusinski, of Chevron ETC. More »
Oil execs see 2017 as a year of recovery, Deloitte survey finds
The two-year downturn in the oil and gas industry may be coming to a close. More »
Deloitte survey: OandG executives predict 2017 as a year of recovery
The two-year downturn in the oil and gas industry may be coming to a close. More »
PDVSA set to start $3.2-billion drilling program
Petroleos de Venezuela is getting ready to start what it’s dubbed “one of the world’s largest drilling projects” in the Orinoco heavy crude belt with investment totaling $3.2 billion even as its president, Eulogio Del Pino, says the global oil market is oversupplied. More »
Oil extends gain after U.S. crude supply tumbles to 7-month low
Oil extended gains after government data showed U.S. crude inventories declined to the lowest level since February. More »
Shell Canada strikes out in Shelburne basin
Shell Canada, operator of the Shelburne basin joint venture exploration project, has advised that the drilling of the first exploration well has been completed and is non-commercial. More »
At $500 million a pop, it’s a gamble that has no precedent
In a far corner of the Caribbean Sea, one of those idyllic spots touched most days by little more than a fisherman chasing blue marlin, billions of dollars worth of the world’s finest oil equipment bobs quietly in the water. More »
ClearSign completes initial phase of California flare campaign
ClearSign Combustion, a provider of industrial combustion technologies that help to reduce emissions and improve efficiency, has announced the completion, customer acceptance and issuance of payment for the initial phase of a multi-phase project to retrofit Duplex technology into enclosed ground flares for a major California oil producer. More »
Claxton launches latest evolution conductor recovery tower, SABRE cutting system
Claxton, an Acteon company, has introduced the latest modular versions of its conductor recovery tower and SABRE abrasive cutting system to increase efficiency and flexibility in decommissioning and late-life projects. More »
Scots university to propose skills training framework for India’s subsea sector
Robert Gordon University (RGU) has been awarded funding from the UK government to establish a sustainable training framework for the Indian energy sector with a focus on accelerating subsea skills development. More »
OPEC seen failing to clinch oil-output deal at Algiers talks
OPEC probably won’t clinch a deal to limit oil production in Algiers next week as members stay focused on either boosting output or defending their market share, according to a Bloomberg survey. More »
Libya oil port ships first cargo since 2014 as fighting ebbs
A tanker sailed from Libya with a crude cargo bound for Italy after a halt in fighting between rival armed forces enabled the OPEC country to resume exports from its third-largest oil port for the first time since 2014. More »
Tuesday, 20 September 2016
GE introduces new Industrial Internet Control System
Today, GE’s Automation and Controls business introduced GE’s new Industrial Internet Control System (IICS) at its 2016 Connected Controls Symposium at the company’s Global Research Center in Niskayuna, N.Y. More »
Exxon’s accounting said to prompt SEC review after oil slump
Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter. More »
Halliburton introduces acoustic analysis service
Halliburton has announced the release of the Acoustic Conformance Xaminer service (ACX), a technology to help operators identify and pinpoint costly wellbore leaks by analyzing sound waves that describe flow patterns in the formation and casing. More »
Algeria urges 1 MMbpd cut in world’s oil production
OPEC and oil-producing countries outside the group must find a way to cut crude supplies by 1 MMbpd to re-balance markets and stabilize prices, Algerian Energy Minister Noureddine Bouterfa said. More »
Saudi oil export terminal fire injures eight
Saudi Aramco has successfully responded to a minor fire at its oil terminal facility in Ras Tanura. More »
Endeavor Management announces shale completion best practices JIP
Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations. More »
Libya crude output rises as oil fields restart, ports reopen
Libya boosted crude production by more than 70% since August as some oil fields resumed output and export terminals in the OPEC country reopened for their first overseas loadings in two years. More »
Lundin Norway granted drilling permit by Norwegian Petroleum Directorate
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations. More »
Bellatrix to sell non-core assets for C$47 million
Bellatrix Exploration has entered into an agreement with InPlay Oil Corp. to sell certain non-core Cardium focused assets in the greater Pembina area of Alberta for a total consideration of C$47 million ($35.6 million). More »
Petrobras cuts five-year spending plan 25% to $74 billion
Petroleo Brasileiro reduced investments and said it will sell more assets in its latest business plan as it looks to downsize operations and slash the industry’s biggest debt load. More »
CGG delivers 38,000 sq km of seismic data ahead of Mexico’s licensing round
CGG said Tuesday that the Fast Trax Reverse Time Migration (RTM) data from its Encontrado multi-client mega-merge project, covering the Perdido fold belt, has been delivered on time to the industry and the Comision Nacional de Hidrocarburos (CNH) ahead of Mexico’s December licensing round. More »
Expro awarded $30-million production contract in India
Expro has been awarded a contract worth over $30 million with the Hindustan Oil Exploration Company (HOEC) for Dirok gas field in India. More »
Saudi Arabia’s July oil exports reach record as local use eases
Saudi Arabia’s oil exports climbed in July to a record level for that month, as the kingdom curbed the amount of crude it burns to generate energy domestically, according to the Joint Oil Data Initiative. More »
Oil servicers looking for output boost in Venezuela, PDVSA says
The world’s largest oilfield services providers are making plans to help boost output in Venezuela, according to the president of the country’s state-run oil company. More »
Majors must count on MandA to replenish reserves, WoodMac says
Major oil producers will rely on acquisitions for about half their reserve replacement in the future after cutting exploration budgets to weather the crude-price collapse, according to Wood Mackenzie Ltd. More »
Monday, 19 September 2016
Encana to sell 107 million shares to fund drilling, repay debt
Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt. More »
Petrobras union says salary freeze unacceptable, mulls strike
Brazil’s main oil workers union is meeting Monday and doesn’t rule out a strike as it battles with state-controlled Petroleo Brasileiro for more compensation, union leader Jose Maria Rangel said in an interview. More »
Stacked oil and gas make Permian deals costly in spite of rout
Oil prices are depressed, but Texas shale has never been more valuable. More »
Oil rises as Libyan fighting thwarts export resumption
Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014. More »
Junex's Galt No. 4 well delivers historical results in Quebec
Junex Inc. has announced that long-term oil production testing of its Galt No. 4 horizontal well continues to deliver strong results. More »
Sound Energy reaches final casing point at Morocco's Tendrara
Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation. More »
MacGregor wins contracts for seven support vessels
MacGregor, part of Cargotec, has won comprehensive equipment package contracts for seven specialist support vessels that will operate in the Middle East. More »
Eni connects Tunisia’s Laarich East-1 well to production
Eni has resumed exploration activities onshore Tunisia in the Sahara desert, approximately 700 km south of Tunis. More »
Oil jumps as Libyan fighting thwarts export resumption
Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014. More »
Steelhead, Seven Generations in LNG development agreement
A new development agreement between Steelhead LNG and Seven Generations Energy sets the stage for engaging Aboriginal groups and communities as the two companies explore the development of new midstream infrastructure to support Steelhead LNG's proposed natural gas liquefaction and export projects on Vancouver Island. More »
ADD Energy wins maintenance optimization contract in Oman
Add Energy, an international energy consultancy provider, has been awarded a contract worth £120,000 ($156,000) with a leading upstream gas operator in Oman. More »
Oil seen recovering but glut will persist into 2017
McKinsey Energy Insights (MEI), a data and analytics specialist, forecasts that it will take more than six months for the oil markets to fully rebalance. More »
Big Oil was never that big a money-maker, Goldman Sachs says
Oil companies longing for the glory days of ultra-high crude prices might wish to think again. More »
OPEC ‘very close’ to agreement to stabilize market, Venezuelan president says
OPEC members are close to reaching an agreement on how to stabilize the market, Venezuelan President Nicolas Maduro said after speaking to his counterparts from Iran and Ecuador. More »
Sunday, 18 September 2016
OPEC may hold formal meeting if members agree in Algiers
OPEC may convene an extraordinary meeting if the group’s ministers reach a consensus on oil markets at an informal gathering in Algiers later this month, Secretary General Mohammed Barkindo said, according to Algeria’s official news agency. More »
Subscribe to:
Posts
(
Atom
)
