Exploration

Rival leaders of Libya’s National Oil Corporation have reached an agreement to unify the state company under a single management, a move which could help to revive the country’s embattled oil sector as well as boosting the prospects of the UN-backed unity government and its Presidency Council

OPEC’s crude production rose in June as Nigeria increased oil output following repairs to some infrastructure that had been destroyed by militant attacks

Total, operator of Block III, Albertine Graben, in the Democratic Republic of Congo (DRC), has finalised the acquisition of the 2D seismic survey over the northern part of the Block III area

Oil prices fell sharply in the wake of the UK’s historic vote to leave the European Union on 23 June, in reaction to market volatility and fears of an economic slowdown