MARKET WATCH: NYMEX oil price for May hovering above $38/bbl

Light, sweet crude oil prices for May delivery dropped more than $1 on Mar. 29 on the New York market to settle above $38/bbl. It was the fifth consecutive session for prices to drop and the longest losing streak since February when prices plunged below $30/bbl. Source: News


LWI vessel en route to Oyo field offshore Nigeria

The Island Constructor light well intervention (LWI) vessel is en route to Oyo field offshore Nigeria for service on the Oyo-8 well’s subsurface controlled subsurface safety valve (SCSSV), Erin Energy Corp. reported. Source: News