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May 5, 2020No Deal on Texas Oil Production Cuts
The regulating agency voted against production cuts, but eased rules on crude oil storage.
January 15, 2019Algeria cuts oil production output by 25,000 bpd
Prior to the cut in crude oil production the country produced 1.08m bpd.
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.
June 17, 2020Equatorial Guinea and Lukoil continue talks on Block EG-27
The Russian energy multinational is expected to make a decision on the block’s development by July.
June 11, 2020Angola Reduces Oil Exports to China
The number of Angolan oil cargoes shipped to China will decrease next month.
May 25, 2020Angola Exploration License Extensions Could Spur Oil Sector Recovery
Several IOCs received extensions on existing block licenses in Angola before the COVID-19 crisis.
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, 2020The Way Forward: How Africa Can Make a Comeback From the Oil & Gas Downturn
For Africa’s oil-producing countries, where crude oil exports make up a large portion of their revenue, the situation is especially dire.
April 21, 2020Texas Delays Vote on Production Cuts to May 5
Texas hesitant to push forward on production cuts without coordinated effort and legal clarifications.
April 15, 2020In Contentious Debate, Texas Oil Considers Mandated Cuts
The regulatory agency held a meeting Tuesday to discuss joining OPEC+ in regulated cuts.