Exploration

Operational production costs in oil and gas industry have fallen globally: Rystad

worksite ltd 7syIOxlLpfA unsplashOperational production costs in the oil and gas industry have fallen across the globe, with the UK emerging as a cost-cutting powerhouse among global offshore regions, according to an analysis by Rystad Energy

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AIS Training and Survivex sign new training management contract

ATS trainingThe UK’s energy sector training providers, AIS Training and Survivex, part of the 3T Energy Group, have signed a contract with Well-Safe Solutions, to manage and deliver all of its training requirements and provide an IT platform to support its competence management system

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Oil price surges on Soleimani assassination

48970274016 f6e433ed66 cThe assassination of top Iranian military commander Qassem Soleimani by a pre-dawn American air raid near Baghdad airport on Friday has caused a remarkable spike in Brent crude prices, taking it to over US$70 on Monday 6 January, according to a report by CITYA.M., the first time Brent crude has exceeded the US$70 threshold since September

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Total and Sonangol to develop retail operations in Angola

total sonangol 2020Total has announced the closing of the agreement signed on 21 December 2018 with national oil company Sonangol to develop petroleum product retail operations in Angola

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APICORP supports development of Algeria’s energy sector

Algeria ora orme atrThe Arab Petroleum Investments Corporation (APICORP) has agreed to two loan facilities worth a combined US$250mn with Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach International Holding Corporation owned by Sonatrach, the Algerian state-owned national oil company

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