Industry

Global oil demand now at 2.8mn bpd: Rystad Energy

lighted buildings near body of water 3105242Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy

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Petroleum complex tumbles as coronavirus measures slash demand

sunset 3174093 640The petroleum complex continued to tumble Monday, with Dated Brent falling below US$30 per barrel, and some gasoline crack spreads turning negative, as measures taken to slow the spread of the coronavirus have drastically slowed demand

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‘Deepwater acreage will continue to attract significant company interest through 2020’

4619968508 915a8ec8e8 cA significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deepwater, up from the previous quarter, according to data and analytics company GlobalData

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Nigeria expects to spend less on importing refined products

Nigeria refinery bolaWith the price of oil dropping in the international market, Nigeria expected to spend less on importing refined products

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TechnipFMC wins iEPCI contract for BP Platina Field in Angola

26896520439 6ca3a3b1f1 cTechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation integrated engineering, procurement, construction, and installation (iEPCI) contract for the BP Platina Field in Angola

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