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Exploration

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

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

The BMK-1 well in Morocco was drilling to a measured depth of 1,551 m and has encountered commercial quantities of gas in both target horizons, said SDX Energy, the Middle East focused oil and gas developer

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