Mozambique Oil & Gas: “Financing of natural gas project launched” – Minister

Mozambique Oil & Gas: “Financing of natural gas project launched” – Minister

Funding for the Rovuma Area 1 natural gas exploration project in northern Mozambique has been launched at the level of international commercial banks, the Minister of Mineral Resources and Energy announced on Wednesday.

Read More

Africa Oil & Gas: Angola remains Africa second largest oil producer in November

Africa Oil & Gas: Angola remains Africa second largest oil producer in November

Angolan oil output in November was 1.521 million barrels per day (bpd) according to secondary sources, a monthly increase of 3,000 bpd, according to the Organization of Petroleum Exporting Countries (OPEC) monthly report.

Read More

Africa Oil & Gas: Nigeria Continues To Depend Heavily On Oil Export Revenue

Africa Oil & Gas: Nigeria Continues To Depend Heavily On Oil Export Revenue

Despite assurances that Nigeria is working to diversify its economy away from oil, the African OPEC member continues to depend heavily on oil exports, and consequently, on oil prices, for its international trade and export revenues, as the latest data from Nigeria’s National Bureau of Statistics showed on Tuesday.

Read More

Africa Oil & Gas: Total To Boost Exploration In Mauritania

Africa Oil & Gas: Total To Boost Exploration In Mauritania

France’s supermajor Total said on Wednesday that it had signed an agreement with Mauritania for two new exploration and production contracts in the country’s deep offshore, amid growing interest from oil majors to explore the West African Atlantic basin.

Read More

Global Markets: Oil Prices Steady After EIA Confirms Much Smaller Draw

Global Markets: Oil Prices Steady After EIA Confirms Much Smaller Draw

Crude oil prices remained steady today after the Energy Information Administration confirmed an API estimate of a crude oil inventory draw but a much smaller one than API’s 10.18 million barrels. The authority reported crude oil inventories in the United States had gone down by 1.2 million barrels in the week to December 7, the second weekly draw after a string of weekly increases, after a draw of 7.3 million barrels a week earlier.

Read More
1 2 3 249