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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.
April 9, 2020OPEC+ At Brink of Ending Oil Price War, Awaits G20 Meeting for OPEC++ Deal
The OPEC+ group will cut 10 million barrels of oil per day, but Mexico is yet to come on board. A G20 meeting will determine if other producers are willing to reduce output.
April 7, 2020G20 Oil Ministers to Meet on Friday
The G20 meeting seeks to find a way to safeguard oil prices from turmoil.
March 16, 2020Market Report: BW reaches first oil from the DTM-4H Gamba well
Implementing Tortue Phase 2 development project offshore Gabon.
February 10, 2020Market Report: Cote d’Ivoire Unveils Fresh Blocks for Oil and Gas Exploration
The country is the new hotspot catching the interest of IOCs and mining operators.
February 3, 2020Market Report: Senegal National Oil Company Launches First Offshore Licensing
Petrosen inches closer to achieving its hydrocarbon sector investment plan.
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 9, 2019Market Report: FAR Ltd submits the final field development plan for the Sangomar oil field
Sangomar is expected to yield its first oil in 2023.
November 29, 2019Market Report: Global Oil & Gas sector sees an upstick
Springfield made two discoveries offshore Ghana totaling 1.2 billion barrels of crude.
November 15, 2019Market Report: Oil and Gas industry under the spotlight
OPEC, Nigeria and Equatorial Guinea focus on developments in the oil and gas industry.