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The Way Forward: How Africa Can Make a Comeback from the Oil & Gas Downturn

Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia…

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OPEC+ ends Oil Price War, awaits G20 Meeting for OPEC+ Deal

In a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia…

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Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData

In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a…

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Global Oil and Gas Market Shrinks by 13.6% in 2016

MarketLine’s latest market report: ‘Global Oil & Gas’ reveals a declining market trend in 2016 as the price of crude oil pushed…

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Russian consortium now wants Uganda’s refinery project downsized

Weeks after pulling out as the preffered lead bidder for the 60,000 barrel refinery to be located in Hoima Uganda…

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Drilling Recovery Boosts Onshore Oilfields Services Spend – Top Countries

Douglas-Westwood’s (DW) Q3 2016 World Oilfield Services (OFS) Market Forecast predicts a renaissance in onshore spend through the remainder of…

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Slow market impacts refining capacity expansion with reduction of 3 million barrels per day by 2020, says GlobalData

Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to…

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Russia Offers Affordable Alternative to Obtain Oil and Gas Training for Students from developing countries

Following the numerous hydrocarbon discoveries in East Africa stakeholders in the industry have had to seek training and capacity building…

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GPB Global Resources begins 2D seismic acquisition in Ethiopia

Russian explorer GPB Global Resources has said it has began acquiring 2D seismic at the Gewane-El Wiha license area where…

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Energy sector Communications and IT services force created with SpeedCast International acquisition of Hermes Datacommunications

Leading global satellite communications service provider SpeedCast International Limited has announced it has signed a definitive agreement for the acquisition…