Exploration & Production

BP Signs Deal To Explore For Oil Offshore Angola

BP signed an agreement with Angola aimed at acquiring oil further exploration rights, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter.

January 21, 2020

Field Development

Australia’s FAR Takes Final Investment Decision For Senegal Oil Project

The Senegal government recently gave the greenlight for the project, which is expected to produce 231 million barrels (MMbbl) of oil resources in its initial phase of development and strike first oil in the next three years.

January 21, 2020

Crude Oil , Trade , International , Pipelines

Oil Prices Rise As Libya Declares Force Majeure On Oil Fields

Two major oil fields in southwest Libya began shutting down on Jan. 19 after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level.

January 20, 2020

Field Development

Eni’s Agogo Oil Field In Angola Begins Production

The Agogo field was Angola’s largest offshore discovery in years and could help slow years of production declines in Africa’s second-biggest exporter.

January 17, 2020

Exploration & Production , Lease Sales

Eni, Total Among Winners Of Rights To Develop Angolan Frontier Blocks

Angola, Africa's second-biggest oil exporter, is working to reform its oil industry and broader economy to arrest a drop in production that has heaped pain on the economy.

January 16, 2020

Crude Oil , Policy & Regulations , Trade

OPEC Expects Lower Demand For Its Oil As US Hits New Milestone

OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.

January 15, 2020

Exploration & Production

Equatorial Guinea To Add 20,000 Barrels Per Day Of Oil Production This Year

Equatorial Guinea, a member of OPEC, currently produces 120,000 bbl/d.

January 13, 2020

Field Development

Woodside, Partners Get Final Go-ahead For Oil Project Offshore Senegal

The project is estimated to target 231 million barrels of oil resources in its initial phase of development.

January 10, 2020

Exploration & Production , Policy & Regulations

Somalian Parliament Approves New Petroleum Law

The new law will establish revenue sharing between the central government and states and will provide a legal framework for an industry the country hopes will bring jobs after decades of conflict.

January 6, 2020

Liquefied Natural Gas (LNG)

Nigeria Inks Major LNG Expansion With Oil Majors

Nigeria signed a major gas expansion deal on Dec. 27, a much-needed collaboration with oil majors that Nigeria LNG said would boost its liquefied natural gas (LNG) output by more than 30%.

December 27, 2019