‘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So Is OPEC Power The slump that characterized the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom.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…
Mohammed bin Salman Isn’t Wonky Enough Saudi Arabia’s crown prince knows his country needs an economic overhaul, but his plans don’t add up. BY STEFFEN HERTOG Saudi Arabia has moved from political paralysis to rapid action under the de facto leadership of Crown Prince Mohammed bin Salman. He has introduced a raft of ambitious economic reform…
How Nigeria’s Oil Industry Went Local The Unintended Benefits of Graft By Matt Mossman The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on jet fuel that he could no longer pay the mortgage on his Midtown penthouse,…
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…
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…
Political Instability Rising in Several Oil, Gas Producing Countries Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights. Government instability is set to rise over the next three years in oil and gas producing countries including…
Gold Tumbles, Then Rebounds as Other Commodities Crash on Trump’s Tariffs Gold was flat on Friday while silver, copper and oil all fell on the back of the Trump administration’s tariffs announcement. The gold price rebounded on Friday (March 2) after Thursday (March 1) saw the yellow metal record its first monthly loss since October. The precious…