Oil majors, Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) have made plans to increase their crude oil supply by April amidst the oil price war between the country and Russia.
Argentina will sharply cut the approval process for gas exports, the energy ministry said on Friday, as the country looks to ramp up developments of its huge unconventional Vaca Muerta shale play and become a net energy exporter.
After importing around 4 million tonnes of petrol in 2019 to support its output, the story may not be the same for North African country Algeria in 2021 as it would begin to export petrol.
Libya is in dire need of assistance from the United States to lift the blockade of oil ports that has decimated the country’s oil production. “The continuation of the shutdowns will result in a catastrophic financial crisis,” said Prime Minister Fayez Serraj. “Losses from the oil shutdowns have exceeded $1.4bn. The figure is increasing every…
The Department of Energy, Guyana, has said that the government has sent its first barrels of oil to Barbados to sell, following the discovery of oil in large quantities almost five years ago near its coast.
Guyana has made its debut as an oil exporter following its recent first-ever shipment of crude on Monday.
The Federal Government has given a go-ahead to the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock.
Nigeria, Africa’s biggest oil producer, has been making various moved to get its refineries to properly function in order to cut off the importation of fuel.
President of Chevron’s North American business, Steve Green, yesterday, was insistent that the current shale patch will not be a victim to historic boom-and-bust cycles that have constantly been affecting the Texas oil economy for years.
Royal Dutch Shell is set to begin operations in its concession areas in Egypt from July 2020, a senior executive revealed.