UK-based Energean to invests $235 mn in offshore concessions in Egypt
Energean will develop the North Amriya and North Idku concessions in offshore Egypt...
Tag : oil and gas
Highs and lows in Kenya’s oil
It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves...
Rising Covid-19 cases worldwide to impact oil demand recovery
Crude prices have continued to rally in January after hitting $50 per barrel in 2020...
Petrobras pumps an average of 2.28 mn bpd in 2020, sets record
The Brazilian oil giant broke its previous record of 2.23 million bpd set in 2015...
Brazil to make significant oil reforms in 2021
It is focused on regulatory stability which is important for improvements in regulator processes...
SNOC and Eni announce production in Mahani gas field
The announcement comes within only one year of the discovery of gas in the field...
Exxon to invest $240 mn at its Baton Rouge refinery
The investment would significantly improve the refinery’s processing capability...
3R to acquire onshore oilfields from Petrobras for $250 mn
Oil production at the fields was 2,145 bpd in November...
Brent oil prices to pick up to $47 per barrel in 2021: IIF
Higher global oil inventory levels and surplus crude oil production capacity to limit upward pressure on oil prices...