Oil and gas projects spending could fall by 68 per cent y-o-y: Rystad Energy

48942854022 841c732ff7 wAccording to an impact analysis from Rystad Energy, exploration and production (E&P) companies are likely to reduce project sanctioning by up to US$131bn, or about 68 per cent y-o-y, as they batten down the hatches to weather the storm

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Total announces immediate action plan in context of sharp decrease in oil prices

740500486 4486aa3926 cPatrick Pouyanné, chairman and CEO of Total, addressed the Group’s employees on 19 March to mobilise them in the face of the challenges ahead

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Nigerian government jettisons borrowing US$22.7bn

Nigeria bola 23 MarchNigerian central government would not borrow US$22.7bn for the time being, as it streamlines its finances in the midst of depleting revenues brought out by the fall in oil prices

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History’s largest oil glut just months away, says Rystad Energy

cameron venti ASmaVyS4AZM unsplashThe largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd

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Nigeria bans public service officials from travelling outside the country

Nigeria covid proneNigeria bans its public service officials from travelling outside the country, stops issuance of visa and restricts from COVID-19 prone countries

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