The fall in crude oil prices could force Brazil to scale back oil and gas exploration budgets by $300-600mn this year.
India’s Ministry of New and Renewable Energy (MNRE) has allowed wind and solar projects hit by COVID-19 to invoke force majeure clauses
Argentina’s national oil company (NOC) YPF has said it will gradually suspend activities that are not critical to its business, as it takes emergency measures in response to the global coronavirus pandemic.
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Nigeria will reportedly join Saudi Arabia in selling its oil at a significant discount to Brent, one of the world’s main benchmark crudes.
Many cities and towns in Sudan have continued to report fuel shortages, despite the government’s efforts to improve supply conditions.
Uganda’s government has officially tasked a state-owned business, Uganda National Oil Co. (UNOC), with selling bulk quantities of imported petroleum products to local retailers.
With the predominance of oil and gas in Russia’s economy the pipe-making business is a big one. ChelPipe is the market leader and is now considering an IPO.
Tanzania’s Energy Minister Medard Kalemani said last week that the country’s fuel inventories were capable of covering domestic demand for at least two months.
Liberia’s government has indicated that it wants international oil companies (IOCs) to team up with local partners in the country’s upcoming offshore licensing round.
African oilfield service operators deserve support from the governments of African oil and gas-producing states, a Johannesburg-based industry association has argued.
South Sudan’s government has postponed the country’s first licensing round.