Airborne Oil & Gas has signed a contract with Addax Petroleum, a subsidiary of the Sinopec Group, to provide the company with two gas lift jumpers in West Africa
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Energy, petrochemical projects worth US$859bn underway in MENA: report
Oil, gas and petrochemical projects worth more than US$859bn are either underway or planned in the Middle East and North Africa (MENA), according to a report
Survey reveals US$70 per bbl oil price in sight after OPEC deal
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
‘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
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