Industry

US drilled but uncompleted wells first to feel oil price shock: Rystad Energy

oil 4713386 640Rystad Energy impact analysis shows that US drilled but uncompleted wells (DUCs) will be the first assets to be threatened by the newly formed low price environment, as their breakeven costs are now only dollars away from market prices

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Nigeria sets up budget review committee

Timipre SylvaAs Nigeria is reeling from oil price fall due to the COVID-19 situation, the government has set up a committee to review 2020 preparatory to cutting down on its spending

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Siemens licenses Tranos to manufacture Sivacon S8 switchgear in Nigeria

tranos oraNigeria’s leading engineering and manufacturing company Tranos has partnered with Siemens for the manufacturing of metal-enclosed switchgear in Nigeria

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Nigeria Well Intervention Forecast

header copy 1Offshore Network has published the report ‘Nigeria Well Intervention Forecast'which has relevant data critical to well intervention stakeholders in West Africa

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Oil price rout may trigger major industry shake-up: Wood Mackenzie

factory 1154947 640As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said, “The price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s

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