New OPEC+ cuts are needed to prop up oil prices: Rystad Energy

3148612368 399dcb036f zAs oil prices approach US$70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC

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Saipem wins US$200mn offshore drilling contracts

8059576456 72d017a909 zItalian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn

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Sahara Group canvasses intra-Africa solution for petroleum sector challenges

wale Ajibade Executive Director Sahara GroupWale Ajibade, executive director of Sahara Group, said that collaboration between financial institutions, development agencies, trading companies, national oil companies and other stakeholders in Africa would enhance the contribution of intra-Africa solutions to the continent’s trade and project financing challenges

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South Sudan commits to strengthen ties with Qatar National Bank

Minister in QatarThe minister of petroleum of South Sudan visited Abdallah Mubarak Al-Khalifa, the CEO of Qatar National Bank (QNB), in Doha

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Global energy demand rose by 2.3 per cent in 2018: IEA

IEA ORA ORMEGlobal energy demand grew by 2.3 per cent in 2018, with natural gas accounting for 45 per cent of the rise in energy consumption, according to the International Energy Agency’s (IEA) fGlobal Energy & CO2 Status Report

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