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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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Job Losses Loom in Kenya, Uganda and Ghana as Tullow Oil Plans Staff Cuts

Tullow Oil is planning to reduce its staff head count in Kenya, Uganda and Ghana as the company plans to…

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EIA’s International Energy Outlook 2018 focuses on uncertainty in economic projections for China, India, and Africa

The U.S. Energy Information Administration (EIA) released International Energy Outlook 2018 (IEO2018) today, which focuses on how different macroeconomic conditions and growth…

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Japan Leads Globally in Regasification Capacity – Globaldata

Analysis of the global liquefied natural gas (LNG) regasification capacity shows that Japan has the highest LNG regasification capacity globally…

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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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Stanbic Bank and ICBC host Uganda – China Oil & Gas Business forum

Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC), the world largest bank and most…

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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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Kenya, Sudan sign MoU on Oil and Mining Cooperation

Kenya and Sudan have signed agreements to deepen the two country’s collaboration in oil and mining sector with the East…

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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…