While keeping the petroleum portfolio for himself, Nigeria’s President Muhammadu Buhari has appointed Timipre Silva as the minister of state for petroleum
Industry
Oil and gas sector tops Forbes profit growth list of 2019
Oil and gas have advanced past technology and communications to become the leading sector in the Forbes 2019 list of the world’s largest public companies with a 16.2 per cent y-o-y growth in revenue generation, according to GlobalData, a data and analytics company
Brazil fuels booming global FPSO market
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance, according to energy research firm Rystad Energy
Global oil and gas contracts value up by 79 per cent, says GlobalData
The total contract value of the global oil and gas industry reached US$42bn in Q2 2019, a 79 per cent increase on Q1’s value of US$23.4bn, according to GlobalData, a data and analytics company
Rystad Energy report shows oil demand growth at a decade low
Consultancy firm Rystad Energy said the outlook for short-term oil demand remains weak over global economic uncertainty and a fierce trade war between the US and China
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