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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.
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”.
December 13, 2019Market Report: H.E. Minister Mr. Timipre Sylva aims to cut production costs of oil from Nigeria
The Minister of State for Petroleum Resources aims to achieve this through the support of local vendors.
December 14, 2018Market Report: Nigeria to grow local content in oil and gas industry
Nigeria to grow local content from 40 percent to 70 percent by 2027 in oil and gas industry.
July 27, 2018Market Report: Shell secures E&P contracts in Mauritania
Shell has secured PSCs from the Mauritanian government for the exploration and production of hydrocarbons from two blocks.
June 8, 2018Market Report: Savannah Petroleum makes oil discovery in Niger
Oil prices rise, Savannah Petroleum makes oil discovery in its Niger Amdigh-1 exploration well.
May 18, 2018Market Report: Oil Prices climb above $80
Oil prices above $80, Ghana set to award nine new upstream oil blocks for commercial exploration.
May 7, 2018Market Report: Oil Prices Rise Higher
Oil prices rise higher amid concerns over a rise in U.S. oil inventories and record weekly domestic production.
September 29, 2017Market Report: Nigeria Targets Oil Production of 4m bpd
Nigeria's oil minister targets oil production of 4 million bpd.