Angola to Reduce Number of Cargoes Sent to China
The APPO and OPEC member country is reducing its oil exports to China. This comes after the OPEC+ production cuts agreement that went into effect in May, which has been extended...
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Zenith Energy Makes Payment for Onshore Field in Tunisia
Zenith Energy has announced the payment of 250,000 US dollars to Kuwait Foreign Petroleum Explorations Company (KUFPEC), a subsidiary of the state of Kuwait's national company, to acquire a 22.5%...
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Liberian Companies Encouraged to Participate in 2020 Offshore Licensing Round
To ensure that Liberian-owned companies fully participate in the ongoing offshore petroleum licensing round, the Liberia Petroleum Regulatory Authority (LPRA) on Friday, June 5th, 2020, held a meeting with representatives...
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Nigeria to Reach OPEC+ Compliance by July – Mele Kyari
The General Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has stated that Nigeria will reach full compliance with the OPEC+ deal by “maximum, middle of July.”...
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Marketers do not Have the Power to Fix Prices at their Discretion – PPPRA
Nigeria’s Petroleum Product Pricing Regulations Agency (PPPRA) has clarified the meaning of its market-based pricing regime regulations on Premium Motor Spirit (PMS), after some reports misinterpreted the initially released statement....
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Total Can Resume Options in Afungi – Mozambican Health Authorities
Health authorities in Mozambique have granted permission to French oil and gas giant, Total, to resume the reconstruction of its natural gas factories in the Afungi Peninsula. Total is overseeing...
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Sharara Oilfield Shuts Down Again
Barely 48 hours after the announcement of the resumption of oil production at the El Feel and Sharara oilfields in Libya, the Libyan National Oil Corporation (NOC) has announced that...
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China Plans to Switch to Cleaner Natural Gas
After China's GDP fell by 6.8 per cent during the first quarter, a situation that emerged due to the COVID-19 pandemic, the country has proven that it is focused by...
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Oil Prices Climb as China’s Imports Hit an All-Time High, While U.S Producers Hope for Higher Prices
Oil prices climbed high on Monday after the agreement by OPEC+ on Saturday to extend the current production cut deal until the end of July, and China's crude imports hit...
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El Feel and Sharara Oilfields Resume Production in Libya after 142 Days
The Libyan National Oil Corporation (NOC) announced the resumption of oil production at the nation’s biggest oilfields located in the Western region – the Sharara, and El Feel fields. This...
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