Africa in oil-hunt spotlight 09/06/18 • bit.ly/2zTNawy
Oil drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources…
Oil drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources…
Oil drilling and well completions activities are slowing in the Permian Basin because of the lack of pipelines to carry the oil to refining and export hubs…
The risk of declining Chinese demand for oil is worrying Middle East officials more than Iran’s supply curbs resulting from U.S. sanctions.
“We are not going to stop until we export US$ 30 billion in gas and oil from Vaca Muerta,” said Argentina president Mauricio Macri.
A total of 64 planned and announced crude and natural gas projects are expected to commence operations in sub-Saharan Africa between 2018 and 2025.
Chief Executive Officer, Economic Associates, Ayo Teriba argues that Nigeria could have avoided the economic recession, devaluation and inflation that accompanied the loss in foreign exchange revenue due to decline in crude oil price between 2014 and 2016
According to Samantha Gross, Fellow, Cross-Brookings Initiative on Energy and Climate, the renaissance in US oil and gas production has been remarkable.
The unprecedented investment programme will underpin a new downstream strategy to significantly expand ADNOC’s refining and petrochemical operations…
Venezuelan oil expert Carlos Mendoza Potellá was interviewed recently by the “Panorama” newspaper: he referred to the deterioration of the country’s petroleum industry…
Oil producers use futures contracts to hedge their exposure to production in an effort to protect themselves from losses should the price of U.S. crude fall suddenly.
Oil prices could rally to $100 a barrel next year, a level not seen since 2014, as supply risks in Venezuela and Iran strain global markets, according to Bank of America.
Flashpoints in the Middle East and North Africa have already been the main focus of attention this year and have the potential to cause fresh price volatility, particularly as global spare capacity thins and economic recovery stokes demand growth.
Pierre Andurand, a prominent hedge fund manager, said the current reluctance of energy companies to invest in new production meant $300 a barrel was “not impossible” within a few years…
U.S. Interior Secretary Ryan Zinke said nearly all of the U.S. outer continental shelf is being considered for drilling, including areas off the coasts of Maine, California, Florida and Alaska.
Gregg Davis, the CEO of D3 Energy LLC, has started an initiative to increase awareness of U.S. conventional resources through a new association: the Conventional Oil Producers of America (COPA).
Thirty oil and gas discoveries were made in the third quarter of 2017. Russia led the field with eight discoveries, followed by Norway and Australia with five and three discoveries respectively.
Oil explorers took advantage of a market rally to lock in prices for almost 1 million barrels a day’s worth of future output.
Offshore Guyana-Suriname might have one of the largest untapped oil and gas reserves in South America, as roughly a dozen companies hope to repeat Exxon Mobil Corp.’s recent drilling success there.