Norway’s oil production reaches 9-year high
Norway’s oil production rose to a nine-year high in December 2019 beating the authorities’ forecast by 12.7 percent, due to the start-up of the huge Johan Sverdrup oilfield.
Crude oil piles in Nigeria
For Nigerian crude oil one of the largest gluts in months has grown, with traders estimating about 35-40 cargoes left for sale, with some remaining for export in January.
Petrobras waves goodbye to Africa, sells $1.5bn assets in Nigeria
Petrobras has concluded the sale of its 50 percent stake in Petrobras Oil & Gas BV (POGBV), through which it holds stakes in Nigeria’s Egina and Agbami fields.
Senegal set to launch 12 blocks in new licensing round
Senegal will launch its 2020 Licensing Round with an opening event on January 28, 2020. The country’s National Oil Company, PETROSEN, together with GeoPartners will support the launch which takes place in Dakar.
Oil prices soar as US, China signs trade deal
The signing of the initial China-U.S. trade deal on Wednesday has led to a rise in oil prices even as U.S. crude inventories fell beyond expectations.
Introducing methanol fuel will end gas flaring in Nigeria – Minister
The introduction of methanol technology will go a long way in reducing gas flaring in the country, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said.
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Stock Watch
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Nigeria
DPR tasks LPG plant operators to prioritize security measures
The Department of Petroleum Resources (DPR) has advised plant operators with Liquefied Petroleum Gas (LPG) to take…
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International
OPEC expects lower demand for its oil in 2020 as U.S.…
The Organization of Petroleum Exporting Countries, OPEC, has revealed that it expects lower demand…
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Downstream
China 2020 fuel export quotas have risen by 53% since…
China has raised the volumes of its first batch of 2020 fuel export quotas by 53 percent from a year…
Midstream
OPEC+ cuts can’t last forever- Russia
Russia says, OPEC+ output cuts have stabilized the global oil market but can’t last forever as…
Upstream
Total increases Block 17 production licenses until…
Total, the operator of Block 17 offshore Angola, along with partners Equinor, Exxon, and BP, has…
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Oil Tips
Household oil and gas safety tips
In various households, one form of oil and gas-powered equipment’s, there's a need to know protect yourself, your…
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