Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced that it will extend exploration licenses for two years and relax capital expenditure requirements for E&P companies amid the low-price climate and reduction in oil demand caused by COVID-19
Exploration
Moody’s reaffirms APICORP Aa2 rating with stable outlook
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks
May heralds even more disruption and uncertainty for petrochemicals
Nigel Davies, Insights Editor at ICIS, examines the potential for further disruption and uncertainty for the petrochemicals sector in May
Total maintains dividend and sets climate goal despite income plunge
Oil and gas company Total has maintained a stable dividend despite a sharp decline in first-quarter net profit as oil prices plummeted to historic lows following a drop in demand due to the coronavirus crisis
Sonatrach and Lukoil sign cooperation MoU
Algeria’s Sonatrach and Russian company Lukoil have signed a memorandum of understanding (MoU)
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