EIVA Signs On Nigerian Representative
will offer its customers both EIVA hardware and software solutions as a local point of contact that knows the drill of the Nigerian offshore construction and survey industry. The applications of the EIVA product portfolio include oil production activities. As Africa is one of the major oil exporters in the world, the company has seen an increasing interest from the African countries – especially Nigeria – throughout the last decade. “We are working closely together with many offshore operators in Nigeria which have seen a growing number of activities with EIVA&rsquo
Vanishing Volatility Signals Oil Market Shift
activity has shifted from banks, hedge funds and mutual funds specialising in trading outright prices to merchants and the trading desks of the major oil companies, which are expert at locational and quality arbitrage. At a more global strategic level, the influence of traditional oil exporters around the Persian Gulf is declining as alternative supplies become more available, now and in future. Political risk and other sources of supply-side risk are diminishing as oil supplies become more geographically diversified. It is no coincidence that the oil market in 2014