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September 11, 2020Market Report: Tullow Oil Boosts Oil Production Offshore Ghana
Tullow Oil reports strong production results from the deepwater Jubilee and TEN fields in Ghana this year.
September 7, 2020Market Report: NNPC Invites Bidders for Crude Oil Contracts for 2021
The NNPC has invited interested and credible companies to participate in a crude oil tender.
August 3, 2020Market Report: Lukoil Acquires Interest in Senegal’s Rufisque, Sangomar and Sangomar Deep Project
Lukoil bought Cairn Energy’s 40% interest in the offshore project for $300 million.
July 17, 2020Crude Oil Demand 2020: Decline, Recovery and Forecast
The International Energy Agency reports that the worst of the demand destruction is over.
June 29, 2020Gabon Records Oil Production Increase
Gabonese oil production recorded in increase of 5.3% in the first quarter of 2020.
June 22, 2020Market Report: Nigeria Begins Oil Exploration in Niger State
The ongoing exploration can add 40 billion barrels to the nation’s reserves by 2023.
May 15, 2020Market Report: Eni SpA and Springfield E&P to Combine Oil and Gas Fields
Minister John-Peter Amewu says the fields have “identical reservoir and fluid properties”.
May 4, 2020Market Report: NNPC Releases its Crude Official Selling Prices
The OSPs for May are said to cut values for all its grades.
April 15, 2020In Contentious Debate, Texas Oil Considers Mandated Cuts
The regulatory agency held a meeting Tuesday to discuss joining OPEC+ in regulated cuts.
April 13, 2020OPEC+ Slashes Production, Saves Oil Industry from Collapse
Up to 20 million barrels of oil per day could come off the market in combined efforts.