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Stowvat Investments Limited Makes The Purchase Of Bonny Light Crude Oil Safe
Through our Associate Crude Oil Marketers and Financiers, we remove fear of non performance with high percentage of performance bond or through bearing the costs of BG/SBLC transmission to our Bank. In TTO/TTT Transactions we offer APG (Advanced Payment Guarantee) equal to the amount of funds our buyers pay to us for Logistics as part of their capability.
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Lagos — Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November 1, 2019. Lighter Nigerian crude cargoes for November and December were heard to have crept up around 20 cents a barrel, with Bonny Light and Qua Iboe over a premium of […]
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More »Cape Town/Moscow — South Africa’s national oil company PetroSA and Russia’s state geological company Rosgeologia are in talks to finalize a $359 million farmout deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa, three sources said. PetroSA is under pressure to boost dwindling domestic resources that have […]
The post South Africa’s PetroSA eyes Russia for $359 million farmout deal appeared first on SweetCrudeReports.
More »Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $60.19 a barrel on Friday, compared with $60.52 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 […]
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More »Cape Town — U.S. oil company Kosmos Energy has made an oil discovery at its S-5 well offshore of Equatorial Guinea, hitting 39 metres of net oil play, the Ministry of Mines and Hydrocarbons said on Sunday. “We are very excited about the results of the S-5 well, the first well drilled in this ongoing […]
The post Kosmos Energy finds oil off Equatorial Guinea -oil ministry appeared first on SweetCrudeReports.
More »Lagos — Wale Yusuff, Managing Director of Wärtsilä Nigeria, says it is time to question the suitability of a traditional approach to power generation that has clearly shown its limits and is no longer fitted to unleash Nigeria’s clean energy potential. According to this global energy player, flexible power systems will be instrumental in significantly […]
The post A renewable-as-baseload strategy can fix Nigeria’s power sector appeared first on SweetCrudeReports.
More »zpromMoscow — The gas exports of Kremlin-controlled energy giant Gazprom outside the former Soviet Union declined by 1.8 percent year-on-year in January – October to 161.2 billion cubic metres (bcm), the company said on Friday. Gazprom’s natural gas production rose for the period by 0.4 percent to 409.9 bcm, the company said. Reuters
The post Russia’s Gazprom says gas exports down 1.8 pct y/y in Jan-Oct appeared first on SweetCrudeReports.
More »Brasilia — A Greek-flagged merchant ship suspected of leaking oil off Brazil’s coast about two months ago is called Bouboulina, according to documents pertaining to the ongoing federal investigation seen by Reuters on Friday. According to Refinitiv data, the Greek-flagged vessel is managed by Greek company Delta Tankers Ltd. The firm did not immediately reply […]
The post Greek ship suspected of leaking oil off Brazil called Bouboulina – prosecutors appeared first on SweetCrudeReports.
More »Tokyo — Oil prices steadied on Friday after a rough week, squeezed about 4% lower by a combination of rising global supply and uncertain future demand. U.S. crude surfaced for air for the first time in four days, gaining 15 cents, or 0.3%, to $54.33 a barrel by 0103 GMT. The contract was heading for […]
The post Oil prices stabilise, but set for big weekly loss amid trade gloom, rising output appeared first on SweetCrudeReports.
More »News wire — Exxon Mobil Corp’s third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit. Earnings fell to $3.17 billion, or 75 cents per share, in the quarter, from $6.24 billion, or $1.46 per share, a year earlier, the […]
The post Exxon Mobil profit halves on weak oil prices, chemicals margins appeared first on SweetCrudeReports.
More »Mkpoikana Udoma Port Harcourt — The Institute of Chartered Economists of Nigeria, ICEN, has appealed to the Federal Government to appropriate significant funds to the Niger Delta, to compensate for its long neglect and ecological risks from oil-companies’ activities in the region. The South-South Coordinator of ICEN, Mr. Friday Udoh, made the appeal while briefing […]
The post Oil exploration: Economist seeks more funding for N/Delta development appeared first on SweetCrudeReports.
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