The Organisation of Petroleum Exporting Countries’ (OPEC) recognition that global oil consumption will not continue growing forever is part of a growing chorus of gloom about the long-term outlook for oil, according to GlobalData’s MEED
Exploration
Polarcus wins 3D seismic project in West Africa
Polarcus Limited has been awarded 3D seismic data acquisition services in West Africa with an expected duration of two months
Reshaping the future of energy
The era of global oil demand growth will come to an end in the next decade, but a rapid decline is unlikely without a large shift in government policies, according to the newly-launched World Energy Outlook 2020, the International Energy Agency’s flagship publication
ADM Energy completes cargo lifting at Aje Field, offshore Nigeria
ADM Energy PLC, a natural resources investing company, has completed the 14th Lifting at the Aje Field, part of OML 113 offshore Nigeria in which the Company currently holds a 5% crude entitlement
ANPG, ExxonMobil and Sonangol sign three exploration contracts
The National Oil, Gas and Biofuels Agency (ANPG) has signed three risk service agreements with ExxonMobil and Sonangol P&P to increase the exploration area in the offshore area Angola, over 17,800 sq km