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
Tag: Russia
Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData
In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company’s report, reveals that … Read More
Global Oil and Gas Market Shrinks by 13.6% in 2016
MarketLine’s latest market report: ‘Global Oil & Gas’ reveals a declining market trend in 2016 as the price of crude oil pushed down profits of the major players. Overall the global oil … Read More
Russian consortium now wants Uganda’s refinery project downsized
Weeks after pulling out as the preffered lead bidder for the 60,000 barrel refinery to be located in Hoima Uganda the Russian consortium RT Global resources is now demanding that … Read More
Drilling Recovery Boosts Onshore Oilfields Services Spend – Top Countries
Douglas-Westwood’s (DW) Q3 2016 World Oilfield Services (OFS) Market Forecast predicts a renaissance in onshore spend through the remainder of the decade, with global expenditure increasing 10% year-on-year, reaching $187 … Read More
Slow market impacts refining capacity expansion with reduction of 3 million barrels per day by 2020, says GlobalData
Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to research and consulting firm GlobalData. Current capacity is 98.9 million … Read More
Russia Offers Affordable Alternative to Obtain Oil and Gas Training for Students from developing countries
Following the numerous hydrocarbon discoveries in East Africa stakeholders in the industry have had to seek training and capacity building in traditional training hubs for oil and gas mostly in … Read More
GPB Global Resources begins 2D seismic acquisition in Ethiopia
Russian explorer GPB Global Resources has said it has began acquiring 2D seismic at the Gewane-El Wiha license area where it signed a Petroleum Production Sharing Agreement (PPSA) in July … Read More
Energy sector Communications and IT services force created with SpeedCast International acquisition of Hermes Datacommunications
Leading global satellite communications service provider SpeedCast International Limited has announced it has signed a definitive agreement for the acquisition of Hermes Datacommunications International Ltd a leading global provider of … Read More
LNG from East Africa – how the odds are stacked
Story by lexology.com How much gas? Vast amounts. Mozambique alone is estimated to have gas reserves of up to 150 trillion cubic feet (TCF) and Tanzania potentially as much as 50 … Read More