Following approval by Somalia’s upper and lower houses of the Federal Parliament, the Petroleum Law has been ratified by the President Mohamed Abdullahi Farmajo
Exploration
Africa Oil announces completion of Farmin to Block 3B/4B in South Africa
Africa Oil Corp has announced that the government of South Africa has approved the acquisition of a 20 per cent stake in Block 3B/4B Exploration Right from Azinam Limited by its wholly-owned subsidiary, Africa Oil SA Corp
Equinor aims to halve carbon intensity by 2050
Norwegian oil and gas major Equinor aims to reduce the net carbon intensity, from initial production to final consumption, of energy produced by at least 50 per cent by 2050
‘Emphasis on maintaining capital discipline driving M&A activity’
Deal activity in 2019 drove multinational oil and gas companies, such as ExxonMobil, ConocoPhillips, and Chevron, to review their global operations and begin divesting non-profitable ventures, according to data and analytics company GlobalData
China’s demand drops for first time since 2009 as coronavirus hits oil markets
The near-term impact of the coronavirus outbreak on oil demand remains uncertain as much depends upon when and how China’s manufacturing industry restarts after the extended Lunar New Year public holiday
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