Archive for News analysis

Appointment of Senior Vice-President, Investor Relations at Total

Appointment of Senior Vice-President, Investor Relations at Total

March 25, 2019 No Comments

Ladislas Paszkiewicz is appointed Senior Vice-President, Investor Relations of Total and is a member of the Group Performance Management Committee. Mike Sangster will retake the role on an interim basis until then. Ladislas Paszkiewicz joined Total in 1985 in the Finance Division. From 2005 to 2015, he was in the Exploration & Production Business Unit […]

Bank of England holds interest rates

Bank of England holds interest rates

March 22, 2019 No Comments

The Bank of England’s monetary policy committee (MPC) has voted unanimously to hold interest rates at their current level of 0.75 per cent, after weighing up “mixed” economic data. The Bank cited weakening global economic conditions and “shifting expectations” about Britain’s withdrawal from the European Union. It signalled it had future rates rises pencilled in, […]

Crude Oil Price Movement to 21/03/19

Crude Oil Price Movement to 21/03/19

March 22, 2019 No Comments

The price of OPEC basket of fourteen crudes stood at $67.78 a barrel on Thursday, 21 March 2019, compared with $67.54 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi […]

U.S. Chiller Services Awarded maintenance contract by ADNOC in Ruwais City

U.S. Chiller Services Awarded maintenance contract by ADNOC in Ruwais City

March 22, 2019 No Comments

U.S Chiller services (USCS) announced that they have been awarded the comprehensive operation and maintenance of 3 district cooling plants for the Abu Dhabi National Oil Company. USCS will be responsible for complete operation, maintenance, services and energy optimization of the three chilled water plants for five years beginning March 1, 2019. The three plants […]

ADNOC Wins National Award for Oil and Gas Project of the Year

ADNOC Wins National Award for Oil and Gas Project of the Year

March 22, 2019 No Comments

The Abu Dhabi National Oil Company (ADNOC) has won a national award for the Oil and Gas Project of the Year at the 2019 MEED Projects Awards. The award was presented to ADNOC for the Taweelah Gas Compression Plant project that was completed in record time and under the highest safety standards. The award recognizes […]

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Rise for Bayelsa Campaign

Rise for Bayelsa Campaign

March 22, 2019 No Comments

Bayelsa State governor, Seriake Dickson has accused multinational oil companies operating in the Niger Delta of funding “terrorism, criminality and breakdown of law and order.” He alleged that oil pipeline surveillance contracts awarded by the oil firms were foundational to the security threats in the region. In a statement issued on Thursday, Dickson’s Special Adviser […]

Sonangol attributes fuel shortage to logistic problem

Sonangol attributes fuel shortage to logistic problem

March 20, 2019 No Comments

Angola State-owned oil firm “Sonangol” has told its consumers that the fuel supply situation in Luanda province would be tackled but it did not set any deadline for the full solution to the problem, recorded since the early hours of last Saturday. In its statement, Sonangol attributed the fuel shortage to logistic problem, saying that […]

World Happiness Report

World Happiness Report

March 20, 2019 No Comments

The World Happiness Report, released today, ranked 156 countries by happiness levels, based on factors such as life expectancy, social support and corruption. The World Happiness Report is a landmark survey of the state of global happiness that ranks 156 countries by how happy their citizens perceive themselves to be. This year’s World Happiness Report […]

Panoro Announce: First  crude oil lifting from Tunisia

Panoro Announce: First crude oil lifting from Tunisia

March 19, 2019 No Comments

Panoro Energy ASA (“Panoro” with OSE ticker: “PEN”) provided an update on lifting operations in Tunisia. The first cargo of approximately 151,000 barrels of Rhemoura blend crude oil has been lifted from La Skhirra Terminal in Tunisia on 6 March 2019. The lifting operations were completed successfully and without any delays or incidents. The pricing […]

INEOS set to acquire Cristals from Tronox

INEOS set to acquire Cristals from Tronox

March 19, 2019 No Comments

INEOS Enterprises has today announced that it has signed an agreement to acquire The North American business of National Titanium Dioxide Company Limited (Cristal) from Tronox Limited (NYSE:TROX) for $700 million. Cristal’s North American business includes two-plants located at the Ashtabula Ohio (US) complex. The deal forms the proposed remedy package submitted to the US […]

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