Brent crude heads for its biggest weekly gain since July 2017 as OPEC’s production cuts outweigh concerns over the health of the global economy.
Source: Offshore
Oil Heads for Biggest Weekly Gain Since 2017
{$excerpt:n}
US drillers drop eight rigs this week as crude prices advance.
Source: Offshore
US Drops Eight Oil Rigs This Week
{$excerpt:n}
$123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to $60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.
Source: Offshore
3B of Offshore Projects May be Sanctioned in 2019
{$excerpt:n}
The US Bureau of Labor Statistics reported slight gains in support activities for mining in December.
Source: Offshore
Slight Uptick in US Mining Support Activities to End 2018
{$excerpt:n}
Equinor completes the sales of 2 ‘non-core’ discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.
Source: Offshore
Equinor Wraps Up 0MM NCS Sales
{$excerpt:n}
The new head of Brazil’s state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit.
Source: Offshore
New Petrobras CEO Rejects Government Intervention
{$excerpt:n}
President Donald Trump said OPEC ‘is essentially a monopoly,’ even as he credited his own ‘talent’ for having brought down oil prices.
Source: Offshore
Trump Credits Own 'Talent' for Oil Prices
{$excerpt:n}
The Kenyan government will spend US$11.7mn to rehabilitate and upgrade 600 km of roads in Nairobi City
Source: African Review
Kenyan government will spend US.7mn to develop city roads
{$excerpt:n}
Five Senegalese entrepreneurs have been selected to receive six months of business incubation and US$2,000 seed-funding from the Senegal Start-Up Accelerator to kick-start their business
Source: African Review
Senegalese entrepreneurs win US,000 seed-fund
{$excerpt:n}
European natural gas prices look set to fall for the first time in four years in 2019.
Source: Offshore
Natural Gas Market Braces for Slump
{$excerpt:n}
