The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to "pump as much oil as possible."
Africa-focused oil and gas production and development company, Aminex, announced that first gas production has been achieved from the Kiliwani North gas field in Tanzania.
The shutdown of Europe’s largest onshore oil field in Italy over alleged illicit waste disposal at a nearby treatment plant will probably only have a “negligible” effect on Eni earnings.
The head of the upstream division at Nigerian National Petroleum Corporation (NNPC) informed that production of Kaduna refinery plant is expected to restart by mid-April, Reuters reported.
Angola's Liquefied Natural Gas Company will resume production in July 2016 after being suspended since April 2014 due to a failure in one of the pipelines of the gas flaring system.
Kenya aims to start small-scale crude oil production from fields in its northwest in 2017 and has commenced to work on road and rail infrastructure that will be used to transport it.
Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with the heads of 40 joint venture companies to discuss different methods of boosting oil and gas production in Egypt, reported Egypt Oil & Gas.
Trident Petroleum Egypt signed a new petroleum agreement for oil and gas exploration in the Gulf of Suez area. The agreement entails a minimum investment of $4.5m, a signature bonus of $500,000, and the drilling of s ...