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Nigeria, Oil and the Emergence of Plan B

The Global Oil Price Slump calls for Diversifying the Nigerian Economy for Long Term Stability.

After sustained constancy in oil prices since 2009, we are witnessing the highest drop in oil prices in 5 years from as high as $110 per barrel in June 2014 to lower than $60 now in December. 737 more words

Nigeria

Venezuela......How Much Longer?

A recent New York Times editorial, brings to light the current state of affairs in Venezuela and that state of affairs is dire. Regardless of one’s political leanings, it has become apparent that things in Venezuela cannot continue down this path for much longer. 231 more words

Latam

T5 - Senegal – Recent Discovery has Re-ignited Industry Attention on the Basin

http://www.t5oilandgas.com/senegal.html


Senegal has again become the focus of significant industry attention following a substantial offshore discovery made by the Cairn Energy led JV, which found P50 STOIIP of 950 mmbbls. 80 more words

Welcome to the dream?

If the world gave you exactly what you’ve always wanted, a chance, would you have the balls to follow through? Last Wednesday, after seven magical years rolling paper… 648 more words

Life

Cairn Energy - Second oil discovery offshore Senegal

http://www.cairnenergy.com/index.asp?pageid=27&newsid=464

Cairn Energy Chief Executive Simon Thomson said:

“This is a significant oil find for Cairn and Senegal and based on preliminary estimates is a commercial discovery and opens a new basin on the Atlantic Margin.

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Vallourec Star to could adjust schedules amidst falling oil, gas prices

YOUNGSTOWN, Ohio (WKBN) – Vallourec Star issued a statement Monday about adjusting its operations amid falling oil and gas prices.

The company statement read as follows: 91 more words

News