Senegal’s Oil Projects Devastated by Virus–President The ripple effects of the COVID-19 pandemic have been devastating for the oil and gas dreams of Senegal, the Macky Sall has finally admitted. As he puts it: “We have seen major oil companies who are no longer capable of meeting their commitments in production. They cannot raise the…
Biden Presidency: Impact on Petroleum, Especially in Texas Friday, June 12, 2020 Based on a survey of Texas Oil and Gas Association members, electing Democrat Joe Biden to the presidency this November would threaten their companies’ economic well-being. Based on a survey of Texas Oil and Gas Association (TXOGA) members, electing Democrat Joe…
Will Coronavirus Finally Sink the Expected Riches in Africa’s “Frontier” Oil & Gas Markets? The crash in oil and gas prices, triggered by the coronavirus pandemic and the slump in economic activity, has dealt a blow to the plans and public finances of major oil- and gas-producing countries. But a group of countries in…
‘Realistic Threat’ NDA Will Carry Out More Major Attacks by Andreas Exarheas There is a ‘realistic threat’ that the Niger Delta Avengers will carry out more major attacks on infrastructure, says Verisk Maplecroft’s Ben Payton. There is a “realistic threat” that the Niger Delta Avengers (NDA) will carry out more major attacks on…
Oil Is Booming Again, So Is OPEC Power The slump that characterized the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom. LONDON, April 24 (Reuters) – The slump that characterised the oil market between the middle of 2014 and…
Why Saudi Aramco International Listing Might Not Happen – Sources Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally; but Reuters (16 March 2018) reports that plans for an initial public offering (IPO) on an international exchange, such as London or New York hang in the balance. This speculation is based on sources…
Africa Oil Corp Buys 25.2 Percent Equity Interest in Impact Oil and Gas Ltd. Canadian oil and gas company Africa Oil Corp (TSE: AOI) has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa. Impact Oil and Gas Limited operates as…
Women in Oil, Gas: BP’s Aleida Rios Advocates for Diversity and Inclusion by Valerie Jones, Rigzone, Thursday, March 08, 2018 Aleida Rios shares how she grew from an immigrant who struggled with a language barrier in school to become the woman accountable for all of BP’s offshore Gulf of Mexico operations. As people all over…
Saudi Arabia’s ARAMCO Joins the Shale Revolution! Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas. Saudi Arabia’s gas resources from shale and other alternative supplies are…
Oil Price to Average $75 Per Barrel in 2019–BMI Research The price of Brent crude oil will average $75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research. BMI’s forecast is significantly higher than the Bloomberg consensus, which forecasts that Brent will average $63.5 per barrel…