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, 21 October 2016
Oil glut grows as Saudi Arabia says worst is over
Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50/bbl. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices. More »
Maersk Drilling names fourth and final XLE jackup
Maersk Drilling’s fourth XL Enhanced ultra-harsh environment jackup was named in a ceremony at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. More »
Santos quarterly sales rise 11% on production boost, LNG volumes
Santos, the Australian oil and gas company, reported an 11% rise in third-quarter sales due to a boost in production. More »
Aker Solutions to acquire majority stake in Brazil's C.S.E.
Aker Solutions agreed to buy 70% of Brazilian C.S.E. Mecânica e Instrumentação Ltda, building on a strategy to expand its services business in key international markets. More »
OPEC deal unlikely to lift oil prices for long, World Bank says
OPEC’s power to help lift oil prices by curbing output will be tested by the ability of shale-oil producers and other unconventional suppliers to ramp up production, the World Bank said. More »
Shell divests shale acreage in Western Canada for $1 billion
Royal Dutch Shell, through its affiliate Shell Canada Energy, has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a total consideration of approximately $1,037 million. More »
Chesapeake declares ‘propageddon’ with record frac job
The era of the monster frac has arrived in North America, and Chesapeake Energy Corp. is singing its praises. More »
Thursday, 20 October 2016
Schlumberger beats estimates as shale helps lead recovery
Schlumberger’s earnings beat expectations after the world’s largest oilfield services provider cashed in on an early U.S. recovery as it waits for the rest of the world to catch up. More »
Seven Lakes launches new workflow and analytics platform
Seven Lakes Technologies, Inc., has launched Joyn workflow and analytics platform. More »
NEL’s test facility is first in the UK to receive international accreditation
UKAS has awarded NEL’s Elevated Pressure and Temperature (EPAT) test facility ISO/IEC 17025 accreditation. This makes it the first and only HPHT facility in the UK to have gained the internationally recognized certification. More »
U.S. gas production gives back August gains, IHS Markit says
U.S. natural gas production levels in the lower 48 states declined by nearly 1.2% in September as compared to August levels, according to analysis from IHS Markit. More »
Dräger to take mobile showroom on the road
Dräger’s first North American mobile showroom is ready to be taken on the road by the company’s local sales representatives. More »
Halliburton, U.S. Silica break record for moving largest sand unit train in North America
Halliburton and U.S. Silica Holdings moved a record breaking unit train carrying nearly 19,000 tons of U.S. Silica White frac sand from Ottawa, Ill., to Elmendorf, Texas. More »
Aqualis Offshore wins work on FPSOs set for Brazil’s pre-salt
Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different FPSO projects in Brazil. More »
Nigeria cuts oil prices, sees ‘huge cargo overhang’ in market
Nigeria cut the price of every type of crude it sells in an effort to regain its share of the global oil market share at a time when there’s a “huge” glut of cargoes. More »
Subsea 7 awarded contract for Egypt’s Atoll field
Subsea 7 has been awarded a substantial contract by Pharaonic Petroleum Company. The contract is to be executed at Atoll field, offshore Egypt, at water depths of over 900 m. More »
Russian oil capable of ‘significant’ output growth, Rosneft CEO says
Russia’s largest oil company said the nation is capable of a substantial increase in production, less than two weeks after President Vladimir Putin pledged his support for international efforts to limit output. More »
Wednesday, 19 October 2016
Clariant introduces industry’s first intelligent digital chemical management system
Clariant is aiming to deliver the efficiency benefits of the digitized world to oil and gas chemical operations with its VERITRAX intelligent chemical management system. More »
Halliburton ready to sacrifice market share to boost profit
After boosting North American sales for the first time during the downturn, Halliburton is determined to raise prices for its services to lock in profits in the world’s largest fracing market. More »
ABS, SHI conclude JDP for new TLP design
ABS and Samsung Heavy Industries of South Korea have announced the conclusion of a joint development project (JDP) for a new tension leg platform (TLP) design. More »
Quadrant Energy reports successful well test offshore Western Australia
Successful Well Test in Bedout Basin Offshore Western Australia More »
Iran in talks with investors to bid on 50 oil and gas projects
Iran is negotiating with 16 international energy companies to help operate and manage 50 oil and natural gas projects around the country to boost production after years of international sanctions. More »
Long is the new deep for shale drillers in the oil patch
Long is the new deep. Just ask SM Energy Co., which on Tuesday spent $1.6 billion to expand its acreage in America’s most prodigious oil patch, the Permian basin. More »
Royal IHC secures order for FSO equipment designated for Culzean field
Royal IHC has signed a new contract for the engineering, procurement and construction of a tandem mooring and offloading system for an FSO vessel (Floating, Storage and Offloading). More »
Exxon Mobil CEO doesn’t see supply shortage pushing up oil prices
The world’s largest publicly listed oil company says ample production from U.S. shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil, presented an upbeat view of how technology will allow companies to pump more, preventing a price “blow out” in the future. More »
Qatargas, Petronas sign five-year LNG deal
Qatargas has signed a new five-year liquefied natural gas sale and purchase agreement (SPA) with Petronas LNG UK Limited (PLUK). More »
Oasis’ Bakken deal shows play still has life as costs drop
Oasis Petroleum’s double-down on North Dakota’s Bakken shale shows the rapid drop in U.S. drilling costs can make a case for even the ugly ducklings of American shale plays. More »
Global Maritime, Statoil sign master services agreement
Global Maritime Consultancy and Engineering, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has been awarded a master services agreement (MSA) by Statoil. More »
Casillas Petroleum acquires SCOOP acreage from Continental
Casillas Petroleum Resource Partners, a partnership between Casillas Petroleum Corp. and Kayne Anderson Energy Funds, has closed on the purchase of certain oil and gas assets owned by Continental Resources in the SCOOP play in Oklahoma for an adjusted purchase price of $294 million. More »
Halliburton swings to profit as oil explorers get back to work
Halliburton eked out a surprise profit in the third quarter as the world’s second-largest oil services company gained business from oil producers that are beginning to ramp up operations following the worst crude-market crash in a generation. More »
Permian is ‘last man standing’ in worldwide collapse
The biggest U.S. oil field just keeps getting bigger as explorers discover so many rich new pockets of crude that investors are more than willing to look past the slump in oil prices to bankroll ambitious drilling and acquisition programs. More »
Tuesday, 18 October 2016
Oil seen stuck in $50 to $60 range as shale offsets OPEC action
The world should get used to oil prices between $50 and $60/bbl as falling costs in America’s shale fields counteract OPEC’s renewed commitment to supply management. More »
Saudis said to boost oil sales to China as pricing lures buyers
Saudi Arabia, which is marshaling a potential deal with global crude producers to limit output, is said to have lifted sales to the world’s second biggest oil consumer after cutting the pricing for its supply. More »
JDR to open new European service support center in UK
JDR, a supplier of subsea power cables and umbilicals to the offshore energy industry, is to open a new European service support center in Newcastle upon Tyne, UK. More »
Extraction Oil and Gas names Jacobsen as senior V.P. of operations
Extraction Oil and Gas has named Eric S. Jacobsen as the company's new senior V.P. of operations. More »
Geophysical Insights licenses seismic attribute technology from AASPI Consortium
The Attribute Assisted Seismic Processing and Interpretation (AASPI) Consortium at the University of Oklahoma and Geophysical Insights, headquartered in Houston, Texas, have announced a major cooperative agreement. More »
CGG releases enhancements to reservoir characterization software
CGG GeoSoftware has announced a series of new software releases across its reservoir characterization product portfolio. More »
Condor Petroleum starts production at Kazakhstan's Taskuduk field
Condor Petroleum Inc. has announced that commercial oil production has commenced at Taskuduk field in Kazakhstan. More »
GeoPark successfully drills Tigana 4 well in Colombia
GeoPark Limited has announced the successful drilling and testing of the Tigana 4 development well, at a rate over 3,200 bopd in the Tigana oil field in the Llanos 34 Block (GeoPark-operated, with a 45% working interest) in Colombia. More »
CGG GeoSoftware releases new enhancements to reservoir characterization software
CGG GeoSoftware has announced a series of new software releases across its reservoir characterization product portfolio. More »
Condor Petroleum begins commercial oil production at Kazakhstan's Taskuduk field
Condor Petroleum Inc. has announced that commercial oil production has commenced at Taskuduk field in Kazakhstan. More »
BLM finalizes three new oil and gas measurement rules
The Bureau of Land Management (BLM) announced the finalization of three rules designed to ensure the accurate measurement, proper reporting, and accurate recordkeeping of oil and gas produced from Federal and Indian leases, in order to ensure that royalties are paid. More »
Saudi Arabia says oil at $50-$60, ensures adequate global supply
Officials from Saudi Arabia and Kuwait, key protagonists in shaping OPEC policy, said oil at $50 to $60 a barrel would ensure adequate global supply, setting out a potential price band for the producer club before its meeting in Vienna next month. More »
Faroe Petroleum reports discovery in Norwegian Sea
LONDON -- Faroe Petroleum has reported an oil and gas discovery at the Njord North Flank in the Norwegian Sea. More »
SM Energy expands in Midland basin with new acquisition
SM Energy has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland basin footprint to approximately 82,450 net acres. More »
Comstock Resources sells south Texas gas assets
Comstock Resources has entered into a definitive purchase and sale agreement with a third party to sell Comstock's conventional natural gas properties in south Texas for a sale price of $28.0 million. More »
SM Energy expands in Midland basin with acquisition
SM Energy has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland basin footprint to approximately 82,450 net acres. More »
Permian to pump oil at record rate as other plays dwindle
Oil production in the Permian basin keeps growing as other U.S. shale plays falter. More »
As OPEC waits on Russia, Naimi memoir offers cautionary history
Ali Al-Naimi, the former Saudi oil minister and architect of the 2014 pump-at-will OPEC policy that’s roiled markets since, drew the conclusion during his final years in office that there was "zero" chance of countries outside the group joining in production cuts. More »
Monday, 17 October 2016
OPEC’s reversal is gift to oil majors after two years of ‘hell’
When the bosses of the world’s biggest oil companies gather in London on Tuesday, they might have the urge to track down the Saudi energy minister and shake him by the hand. More »
Oil declines as OPEC members boost output, U.S. rig count gains
Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global surplus. More »
Sentinel Peak Resources acquires Freeport-McMoRan's California assets for $742 million
Sentinel Peak Resources (SPR) has entered into an agreement with the oil and gas subsidiary of Freeport-McMoRan to purchase their onshore California assets for $592 million plus an additional consideration of up to $150 million payable in certain circumstances based on a sustained Brent oil price environment over $70/bbl. More »
Wireless IoT detection device alerts operators to impending leaks
Ambyint, a firm specializing in cost saving IoT technology solutions for oil and gas producers, has announced the launch of its new, pre-emptive, leak-detection device ambySense:SLD. More »
CGG and Wood Mackenzie release exploration valuation platform
Launched today, the EV2 decision support platform enables oil and gas clients to determine the value of undrilled exploration acreage in the world’s most prospective basins. More »
Trelleborg completes supply of floatover equipment for Malaysian project
Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for the PETRONAS NC3 gas field, located in Block SK316, 200 km North of Bintulu, Sarawak in Malaysia. More »
Iran to boost oil output as OPEC plans cut
Iran, OPEC’s third-biggest member, plans to boost its oil output to a level of 4 MMbpd this year, potentially complicating the producer group’s plan to cut supply in an effort to prop up prices. More »
PGS improves imaging capabilities with new supercomputer
PGS has further strengthened one of the most powerful compute platforms in the oil service industry, by adding another Cray XC supercomputer to its Houston Mega Center. More »
Dril-Quip to acquire TIW Corporation for $143 million
Dril-Quip has entered into an agreement to acquire TIW Corporation, a manufacturer of consumable downhole products, for approximately $143 million. More »
Oceaneering expands services with Blue Ocean Technologies acquisition
Oceaneering International has acquired the assets of Blue Ocean Technologies, a privately held provider of riserless light well intervention (RLWI) services, for approximately $30 million in cash. More »
SKF, GE sign collaboration agreement to develop use of active magnetic bearing applications
SKF and GE Oil and Gas have signed a non-exclusive, license-based collaboration agreement, aimed at further developing the use of active magnetic bearing technologies within the oil and gas sector. More »
Aker Solutions wins contract to upgrade Mongstad terminal for Johan Sverdrup
Aker Solutions has been awarded a contract to upgrade the Mongstad terminal for oil from Johan Sverdrup from late 2019. More »
Sercel sells 10,000 UNITE nodes to Serbia's NIS
Sercel has sold 10,000 channels of its high-end UNITE cable-free land seismic acquisition system to NIS, a Serbian oil and gas company in which Gazprom Neft has a majority shareholding. More »
SKF, GE Oil and Gas sign collaboration agreement to develop use of active magnetic bearing applications
SKF and GE Oil and Gas have signed a non-exclusive, license-based collaboration agreement, aimed at further developing the use of active magnetic bearing technologies within the oil and gas sector. More »
ODE signs four-year framework agreement with DONG Energy
ODE, an engineering consultancy, has secured an engineering services and consultancy framework agreement with DONG Energy. More »
Aker Solutions wins contract to upgrade Mongstad terminal for oil from Johan Sverdrup
Aker Solutions has been awarded a contract to upgrade the Mongstad terminal for oil from Johan Sverdrup from late 2019. More »
Mexico sweetens Pemex Trion JV terms for second time
Mexico has eased the terms of a joint venture with state oil company Petroleos Mexicanos in the deepwater Trion field to attract more bids. More »
OPEC spat over production data grows as Iran rejects estimates
OPEC’s struggle with the first step of its new production deal—agreeing on how much its members are pumping—deepened as Iran became the third nation to openly question the organization’s data. More »
Subscribe to:
Posts
(
Atom
)
