The extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July
Downstream
‘Ethylene capacity in Africa to rise to 4.63 mtpa by 2023’
Ethylene capacity in Africa is expected to increase at an average annual growth rate (AAGR) of 18.6 per cent from 1.83 mtpa in 2018 to 4.63 mtpa in 2023, according to GlobalData, a data and analytics company
World oil reserves rose 0.4 per cent in 2018: Eni
In 2018, oil reserves increased slightly (+ 0.4 per cent), mainly due to growth in the US, according to Eni’s 18th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewable sources
Africa’s first international petroleum management programme to start in October
The African Energy Chamber (AEC) is collaborating with the Institute for Petroleum Development at the University of Austin, Texas, to bring its comprehensive international training programme to Cape Town from 14-25 October
Eni confirms 650 mmbbl of oil with Agogo’s discovery in Angola
Italy’s Eni has successfully drilled Agogo-2, the first appraisal well of the Agogo discovery in Block 15/06, offshore Angola
More Articles …
