Libya’s largest oilfield was fully halted amid protests on Friday as tensions in the restive African OPEC producer returned and are set to reduce global oil supply at a time when Saudi Arabia is cutting production by 1 million barrels per day (bpd) and Russia has promised a 500,000-bpd cut to exports in August.
The total number of total active drilling rigs in the United States fell by 5 this week, after a 6-rig increase last week, according to new data from Baker Hughes published Friday.
Oil prices fell by around 1% in early Asian trade on Monday after major Libyan oilfields resumed production over the weekend following a brief shutdown and after China reported second-quarter economic growth below expectations.
Nigerian oil and gas firms, including top international oil companies, have been ranked among some of the worst offenders in the implementation of the 2015 Paris climate deal, multinational nonprofit platform, CDP has said.
Today, Angolan Agency for Oil, Gas and Biofuels (ANPG) has taken a significant step towards environmental protection by implementing a cutting-edge TECH-ECOLOGIA solution developed by National Space Programme Management Office (GGPEN) for spill monitoring.
BW Offshore recently revealed that it had closed the sale of the FPSO Sendje Berge to an undisclosed local FPSO owner and operator for a total consideration of $15 million.
Shell has made a fourth hydrocarbon discovery offshore Namibia, one of the hot spots in offshore exploration right now.
Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day, according to the release of committee minutes last week
Nigeria’s crude oil, blended and unblended and condensate production increased to 1.473 million barrels per day in June, says a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigeria and Angola are now the biggest crude oil drilling markets in Africa, according to an Offshore Rigs Tracker, the Hawilti and the Caverton Offshore Support Group Plc