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 have forged ahead on new production cuts, with the OPEC+ … Read More
Tag: OPEC
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 world, constricting travel and broader economic activity, according to the International … Read More
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 being built at shipyards in China, South Korea and Singapore. Rystad … Read More
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 Oil Man of the Year” award during the Africa Oil … Read More
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 by Vortexa, a newly launched analytics platform focused on the … Read More
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 present the Government of Equatorial Guinea’s offer to become the … Read More
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 dynamic world of oil and gas. 2014 was a year … Read More
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 the Year. During a ceremony held yesterday in London, a … Read More
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 in various sectors including oil and gas with the oil … Read More
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 research paper released by Deloitte East Africa has indicated. “East … Read More