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.
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 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 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.
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.
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.
The Department of Petroleum Resources (DPR) has advised plant operators with Liquefied Petroleum Gas (LPG) to take…