DNO hands over operatorship of Oman Block 8

DNO ASA subsidiary DNO Oman Block 8 Ltd. has relinquished operatorship and participation in Oman Block 8 to the Oman’s Ministry of Oil and Gas and state-owned Oman Oil Co. Exploration & Production LLC (OOCEP). Source: News


MARKET WATCH: Crude oil benchmarks jump more than $1/bbl

Light, sweet crude oil climbed more than $1 on the New York market on Jan. 2 to settle above $45.50/bbl for February while Brent crude for March also gained more than $1 to approach a settlement of nearly $55/bbl in London. Source: News


Total starts production from giant Egina field off Nigeria

Total SA and its partners have started production from Egina oil field, which lies in 1,600 m of water 150 km offshore Nigeria. The field, at plateau, will produce 200,000 b/d of oil, which represents about 10% of Nigeria’s production. Source: News


MARKET WATCH: NYMEX crude gains slightly on final trading day of 2018

Benchmark crude oil prices ended a volatile holiday trading period by settling modestly higher on the final trading day of 2018. Previously, both equities and oil prices have whipsawed with steep losses on some days and gains on other days. Source: News