

The Ocean Rig Poseidon has been mobilized to drill the Prospect S Well in Petroleum Exploration License (PEL) 71 offshore Namibia, Azinam Limited and operator Chariot Oil and Gas reported Friday.

(Bloomberg) -- Oil posted the longest string of quarterly gains in more than a decade as impending supply disruptions threaten to fracture a global buy Wellhead market with little margin for error.
(Bloomberg) -- A strike by Nigerian labor unions to demand a new minimum wage widened on the second day on Friday as more unions joined, shutting the port in the buy severe service valves commercial capital, Lagos, as well as schools, banks and offices in parts of the country.

BP has received approval from the UK’s Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea.

UK union Unite has cancelled all future strike action on the Alwyn, Dunbar and Elgin rigs in the North Sea, after its members accepted a revised pay offer by Total.

(Bloomberg) -- The next LNG investment cycle may be primed for a liftoff.

Exxon Mobil Corp. reported Wednesday that a new unit to increase ultra-low sulfur fuels oil rig flanges gulf coast production at the company’s integrated Beaumont, Texas, complex has started operations.

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