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Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the…

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Coronavirus to delay most of 2020’s FPSO deliveries and postpone USD30 billion of E&P investments

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are…

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OPEC Secretary General to be Honored as “Africa Oil Man of the Year”

H.E. Mohammed Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries, will be bestowed with the “Africa…

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 Oil on water shrinks by 17% on back of OPEC deal – Vortexa

Oil on water levels have reduced by as much as 17% since the beginning of the year according to new figures generated…

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Equatorial Guinea Presents Offer to Join OPEC in 2017

Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and…

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2016 Oil and Gas industry Outlook – Deloitte

“As 2015 comes to a close, I am struck by what a unique year this was in the always-fascinating and…

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Eni awarded Exploration Company of 2015

Eni is winner of the Petroleum Economist Award, established in 2006 by the prestigious Petroleum Economist, as Exploration Company of…

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Kenyan President in Algeria to foster co-operation between the two countries

President Uhuru Kenyatta is in Algeria in a move that will see various bilateral agreements signed as well as cooperation…

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East African countries could lose out on low oil prices – Deloitte

East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new…

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Most developing countries will benefit from oil price slump – World Bank

Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World…