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INTERNATIONAL NEWS
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695Oil Falls As China’s Economic Recovery Disappoints, Dollar Strengthens
Oil fell above one dollar on Wednesday due to the economic growth in China the world’s second-largest crude user. There were slightly...
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764Construction Of Nigeria-Morocco Gas Project Begins In 2024 – Minister
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, says the construction of the Nigeria-Morocco Gas Pipeline Project which aims to link...
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697Bahrain May Sell Stake In Oil Assets, As Coronavirus Delays Oil Conference
Bahrain may transfer some of its oil and natural gas assets into a proposed state-run fund in which it could sell shares...
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879Coronavirus: IEA Reduces 2020 Global Oil Demand Growth Forecast To 825,000 b/d
Global oil demand has been hit hard by the novel coronavirus (Covid-19) and the widespread shutdown of China’s economy. Demand is now...
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667Qatar Delays Partnerships For Natural Gas Expansion Amid Price Collapse – Sources
Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas (LNG) project by several months after surprising the industry...
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687OPEC Slashes Global Oil Demand Forecast Over COVID-19 Outbreak
The Organisation of Petroleum Exporting Countries (OPEC), on Wednesday said its Global forecast market demand for oil would grow more slowly than...
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661South Sudan To Hold First Oil Bid Round In March
South Sudan’s Petroleum Minister, Daniel Awow Chuang, has announced the country’s readiness to host its first oil and gas bidding round in...
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697
Senegal Launches First Offshore License Round
Petrosen, the national oil company of Senegal, launched the country’s first ever offshore licensing round at the MSGBC Basin Summit & Exhibition...
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809Australia Becomes World’s Largest LNG Exporter
Australia has become the largest exporter of LNG on an annualized basis with an estimated 77.514 million tonnes shipped from the country’s...
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760Africa, Brazil Leading Offshore Upstream Investment In 2020
Rystad Energy says it expects total upstream investments next year to decrease by around 4%, with shale set to experience a steep...