business

There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an…

APICORP continues to be the only Aa2-rated financial institution in MENA regionRating reaffirmation based on strong capital…

The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the…

These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil…

Houston, Texas, USA — The Offshore Technology Conference (OTC) announces the 2020 recipients of the Spotlight on New Technology®…

The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in…

Washington, DC - President Trump has issued an executive order on May 1 banning the “acquisition, importation, transfer, or…

The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists of…

Dammam, Saudi Arabia: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution,…

OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the…

On 14 January, 2020, Maersk Drilling announced that it has been awarded contracts for a three-well exploration drilling project…

Fugro has secured a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global…

JOHANNESBURG, South Africa, -- H.E. Gabriel Mbaga Obiang Lima shares Equatorial Guinea’s plans in working through the current…

BP has confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019.…

New rules notably state that all foreign exchange transfers over $1,680 be vetted for approval by the bank MALABO,…

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first…

By Ndubuisi Micheal Obineme The Government of Uganda has applauded the agreement reached between Total and Tullow, which will…

Petroleum Training Institute (PTI), Effurun, Delta State, is seeking support from International Oil Companies (IOCs) to boost…

...Nuclear energy is one of the more attractive options when considering a clean, reliable and cost-effective energy source …

Callable capital increases from USD1 billion to USD8.5 billion Authorized capital also increased to USD20 billion and subscribed…

By Sebastian Wagner JOHANNESBURG, South Africa, -- Scan Western news about OPEC from the last few years and a common…

...The country is projected to be one of the hardest-hit African economies by the global pandemic According to Africa Oil…

HOUSTON – BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by…

Royal Dutch Shell has formally announced plans to reduce greenhouse gas emissions to net-zero by 2050. In an update to…

LUKOIL commissioned its first digital power substation at the Chashkinskoye field in Perm Region. The new facility distributes…

By NJ Ayuk Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered …

...Net recurring income increased by 17% between 2018 to 2019 from USD 96 million to USD 112 million DAMMAM, Kingdom of Saudi…

Along with other African producing countries, South Sudan has been a key supporter of the Declaration of Cooperation and OPEC+…

Up to 20 million barrels of oil per day could come off the market in combined efforts CAPE TOWN, South Africa, -- In a…

By Ndubuisi Micheal Obineme Following the recent OPEC meeting to curtail production, Nigeria's Minister of State for…