oil Archives - The Mozambique Resources Post

Sudan: Govt dissolves state-owned oil corporation

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

Sudan’s Prime Minister Mohamed Tahir Ayala dissolved the state-owned Sudanese Petroleum Corporation and dismissed its secretary general, Azhari Ibrahim Bassbar, state news agency SUNA said on Wednesday. Advertisements

Nigeria: Cabinet to sell stakes in joint oil assets to boost coffers

Posted on March 22, 2019March 22, 2019 by Mozambique Resources Post

Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession.

Uganda: Cabinet hopes to see its first crude oil exports by 2022

Posted on March 20, 2019March 20, 2019 by Mozambique Resources Post

The partners in Uganda’s oil export project insist they are still on track to make a final investment decision (FID) by mid-2019, as obstacles on the path towards first production are slowly cleared.

Gabon: Country’s oil licensing round in limbo

Posted on March 20, 2019March 20, 2019 by Mozambique Resources Post

Bidders are awaiting clarification on implementation of a new hydrocarbons code. Gabon has postponed the closing date for its current offshore licensing round twice since its launch, as uncertainty surrounds the introduction of a proposed new hydrocarbons code-and the health of the country’s president, who has been recuperating abroad from a stroke.

Markets: OPEC Can Make or Break Oil’s Bull Run

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

(Bloomberg) — OPEC can make or break oil’s bull run, and hedge funds are betting the cartel will keep fueling the rally.

Nigeria: Imports to USA Fall

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

Imports of Nigerian crude by the United States over 2018 fell by 43%, according to data released by the EIA. The US imported only 64.06 million barrels of crude from the West African country in 2018, compared to 112.92 million barrels in 2017.

Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

By way of its “SH2030” plan, Algeria’s Sonatrach aspires to become the world’s fifth-largest national oil company (NOC) by the year 2030.

Nigeria: “Over 41bn barrels crude, 319tcf gas untapped” – NNPC boss

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has stated that more than 41billion barrels of crude oil and 319trillion cubic feet of gas are yet to be discovered in Sub-Saharan Africa.

Angola: Oil production increases by 22,000 barrels a day in February

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

Angola’s oil output rose by 22 million barrels per day (bpd) in February to 1.457 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC).

Angola: Eni hits ‘major oil discovery’ offshore

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside, Eni said on Wednesday.

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oil

Sudan: Govt dissolves state-owned oil corporation

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Nigeria: Cabinet to sell stakes in joint oil assets to boost coffers

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Uganda: Cabinet hopes to see its first crude oil exports by 2022

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Gabon: Country’s oil licensing round in limbo

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Markets: OPEC Can Make or Break Oil’s Bull Run

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Nigeria: Imports to USA Fall

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Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

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Nigeria: “Over 41bn barrels crude, 319tcf gas untapped” – NNPC boss

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Angola: Oil production increases by 22,000 barrels a day in February

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Angola: Eni hits ‘major oil discovery’ offshore

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