US shale bankruptcies accelerate despite pandemic protection
The US oil industry is trying to recover from the worst demand shock in the history of oil markets. Some companies launched the long-awaited consolidation in the sector, while many ...
Tag: oil industry
Libya’s oil industry lifts force majeure on its biggest oilfield
In a statement released on Sunday, the NOC said it has instructed the operator of the southwestern field, Acacus, to start production arrangements, taking into consideration public safety and process ...
Tullow exits Uganda project, sells stake to Total for US$575m
Tullow, founded in the 1980s to tap into African oil and gas, suffered a series of technical difficulties and missed production targets, leading its chief executive to step down late ...
Oil’s Meltdown Crushes Independent Crude Producers in Nigeria
The unprecedented oil price crash is destroying Nigeria’s independent crude producers, firms who between them pump about a fifth of the nation’s supply, and risks inflicting severe pain on the ...
Equatorial Guinea: Ministry of Mines and Hydrocarbons will host a webinar on the current state of the oil industry
The Ministry of Mines and Hydrocarbons and the African Energy Chamber will host an open webinar on the current state of the global oil markets. E. Gabriel Mbaga Obiang Lima, ...
