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New OPEC+ cuts are needed to prop up oil prices: Rystad Energy
- Details
As 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
Saipem wins US$200mn offshore drilling contracts
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Italian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn
Sahara Group canvasses intra-Africa solution for petroleum sector challenges
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Wale 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
South Sudan commits to strengthen ties with Qatar National Bank
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The minister of petroleum of South Sudan visited Abdallah Mubarak Al-Khalifa, the CEO of Qatar National Bank (QNB), in Doha
Elite Construcciones is ready to push Equatorial Guinea’s energy spectrum
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Mrs Marisol Ovono Nchama, CEO and President at Elite Construcciones, has shared the company’s history and businesses in Equatorial Guinea, ranging from the construction to the energy landscape
- Limited risk to oil majors’ investments from energy transition in medium term: GlobalData
- South Sudan’s Ministry of Petroleum invites refiners and traders to crude oil tenders
- Oil service market will not return to previous highs until 2025: Rystad Energy
- Rovuma LNG set to transform Mozambique’s GDP growth: Standard Bank
- 'Africa second largest in refinery hydrocracking capacity additions'
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