OPEC+ ends Oil Price War, awaits G20 Meeting for OPEC+ Deal
In a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia have forged ahead on new production cuts, with the OPEC+ … Read More
Author: kamau
Kenya Revenue Authority Wins $22 Million in Tax Battle against Africa Oil Corp
Africa Oil Corp. has been ordered to pay $22 million in regards to its appeal process to Kenya Tax Appeals Tribunal related to Kenya Revenue Authority’s corporate income tax and … Read More
Kenya’s “Oil Lady” Lucky Okudo Named in Forbes 30 under 30 List for 2020
Source: Forbes In 2012, Lucky Okudo found herself at a conference on the outskirts of Nairobi discussing environmental sustainability and the strategic role women play. At the same time, on … Read More
African Energy Chamber Appoints Elizabeth Rogo as President for East Africa
The African Energy Chamber has appointed Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services, as its President for East Africa. Elizabeth is based in Nairobi and will represent … Read More
South Sudan 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 today following the negotiations’ delay. Oil prices currently average … Read More
IDS GeoRadar, Worldsensing Launch Unique Mining Monitoring Package
Two of the leading players in monitoring technology, Worldsensing and IDS GeoRadar, a Hexagon company, have cooperated to launch the most comprehensive mine safety monitoring system. The integrated system will be … Read More
Global E&P Capex Will Reach At Least A 13-Year Low In 2020 As Covid-19 And Price War Persist – Rystad Energy
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus 2019 levels, under Rystad Energy’s updated … Read More
Chemical and oil companies to slash capex, slowing investment wave
By Joseph Chang, Global Editor, ICIS Chemical Business In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all … Read More
Tullow Oil Losses Soar to $1.69B for 2019
Irish explorer Tullow Oil has announced that it has recorded a $1.694B in loss after tax for the year ended 31st December 2019. According to the company it has undertaken … Read More
Global oil demand to decline in 2020 as coronavirus weighs heavily on markets – IEA
Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International … Read More