‘The OPEC and non-OPEC alliance of 25 countries are currently producing too much oil to reverse an oil price decline that has seen Brent crude fall by about US$10 a barrel over the last month and reduce their total revenue by US$500mn a day’
Exploration
Angola’s President meets Eni CEO Claudio Descalzi
Angola’s President João Gonçalves Lourenço has met Eni CEO Claudio Descalzi in Luanda to discuss Eni’s operational activities and initiatives in the country
Panoro Energy to acquire OMV Tunisia Upstream GmbH
London-based independent E&P company Panoro Energy’s Norwegian subsidiary Panoro Tunisia Production AS has signed an agreement with OMV Exploration and Production GmbH to acquire 100 per cent of the shares of OMV Tunisia Upstream GmbH for a transaction value worth US$65mn
CGG announces data from its Mozambique multi-client survey now available
CGG announced during Africa Oil Week that the fast-track 3D seismic data from its recent Mozambique multi-client survey in the outer Zambezi Delta Basin is now available for license
Congo launches phase II licensing round
Congo officially launched its phase II licensing round for 13 new open blocks during Africa Oil Week in Cape Town
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