As Exxon Mobil Corporation’s Liza project moves into the development phase, the challenge for the Guyanese government is to strengthen the regulatory framework and put in place a regime for...
3 July 2017
13 June 2017
On 26 April the Lebanese Petroleum Administration (LPA) announced the results of the second pre-qualification round for the country’s first offshore licensing round, which was re-launched in January after its...
12 June 2017
Angola, as part of the arrangement with Opec (the Organisation of the Petroleum Exporting Countries) members, agreed to reduce production by 78,000 barrels per day (bd), to a maximum of...
1 June 2017
The UK and Norwegian North Sea has recently shown an increase in mergers and acquisitions activity despite the latest oil price down-cycle and its perception of a high-cost mature basin.
25 April 2017
Saudi Arabia is reportedly planning to list 5% of its state-owned oil giant, Saudi Aramco, in an initial public offering (IPO) in late 2018.
27 February 2017
Equatorial Guinea’s participation in the Opec production cut and its application to be a member are an attempt to revive its oil sector and be more involved in global oil...
25 January 2017
In November 2016, Organization of Petroleum Exporting Countries (Opec) held a meeting in Vienna to discuss the production limit during which, Saudi Arabia agreed to cut down its production by...
18 January 2017
Strong reservations about Rex Tillerson as the proposed US Secretary of State stem from his close relationships with President Putin of Russia and members of the country’s elite.
4 January 2017
Libya has the third largest remaining recoverable oil reserves in Africa and is among the top twenty countries globally.
18 September 2016
A new report by the Public Accountability Initiative has found that most of the studies used to justify the US Government’s proposals for new drilling in the Gulf of Mexico...