Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy
Industry
Petroleum complex tumbles as coronavirus measures slash demand
The petroleum complex continued to tumble Monday, with Dated Brent falling below US$30 per barrel, and some gasoline crack spreads turning negative, as measures taken to slow the spread of the coronavirus have drastically slowed demand
‘Deepwater acreage will continue to attract significant company interest through 2020’
A significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deepwater, up from the previous quarter, according to data and analytics company GlobalData
Nigeria expects to spend less on importing refined products
With the price of oil dropping in the international market, Nigeria expected to spend less on importing refined products
TechnipFMC wins iEPCI contract for BP Platina Field in Angola
TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation integrated engineering, procurement, construction, and installation (iEPCI) contract for the BP Platina Field in Angola
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