Oil and gas M&A deal value decreased in February 2020: GlobalData
Total oil and gas industry M&A deals in February 2020 worth US$5.6bn were announced globally, according to GlobalData’s deals database
E&P
MG Vowgas wins local content company of the year award
To demonstrate the level of support the Nigerian content development has garnered from the federal government, Sylva Timipre, minister of state for petroleum emphasised the importance government attaches to ensuring that there is in-country capacity development in all segments of the oil and gas industry
South Sudan’s petroleum minister holds talks with OPEC to find solutions on oil price war
While oil prices rebounded last week on hopes of successful negotiations between Saudi Arabia and Russia, they went back down again following the negotiations’ delay
Nigeria reduces the price of PMS, twice in a row
The Nigerian government has further slashed the price of Premium Motor Spirit (PMS) to US$0.32 per litre
E&P companies to cut capex budgets for 2020: GlobalData
Many exploration and production (E&P) companies, including major operators, have pledged to reduce capital expenditure (CAPEX) budgets for 2020 by around 20 per cent
