Schlumberger Boosted by US Shale Drilling, Oil on the Up

US oilfield services giant Schlumberger sees the oil price moving up as geopolitical risk premium replaces the oversupply discount, it said October 20, reporting a 6% rise in Q3 revenue and an 11% rise in pretax operating profit, compared with Q2 2017, taking pretax profits to $1.

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Shell Lifts FM, as Nigeria Supplies Ease, Oil Dips

Shell has confirmed that its force majeure (FM) at the Bonny Light crude export terminal in southern Nigeria was lifted October 19 at midday local time.

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NNPC Chief Named Advisory Board Head

The Nigerian Gas Association, which represents gas producers and pipeline operators active in Nigeria, named state producer NNPC's group managing director Maikanti Baru as chairman of its new advisory board.

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Origin Targeting Ironbank CBM Project Feed in FY18

Origin Energy is planning to begin Front End Engineering and Design (Feed) at the Ironbark coalbed methane project in Queensland during the current fiscal year ending June 2018, CEO Frank Calabria said October 18 in his address to the company’s annual general meeting.

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Rothschild Wins Ukrainian Spin-off Tender

Financial advisers Rothschild has won the tender to supply investment banking services related to the unbundling of Ukraine’s gas transmission services, including inviting a qualified partner to manage the pipeline system, state monopoly Naftogaz said October 19.

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