Opec Forecasters expect Oil price at $80 by 2020. OPEC forecasters expect oil prices will rise by no more than $5 a barrel a year to reach $80 by 2020, with a slowing in rival non-OPEC production growth not enough to absorb the current oil glut, according to OPEC sources according to a report by…
Forte oil crash price of kerosene, Retail outlets flooded with products Forte Oil, a major downstream player in the oil and gas industry, has taken a bold step toward making available kerosene to end users. The latest effort is coming following outcry by consumers of the product who accused marketers of exploitation reports the leadership…
NNPC Secures a $1.2B Drilling financing package for the running of 36 oil wells. Nigeria’s state oil company NNPC has secured a $1.2 billion multi-year drilling financing package to contribute to the running of 36 oil wells to be operated as part of a joint venture deal, it said on Sunday as reported by Reuters….
Press Release September 16, 2015 09:00 AM Eastern Daylight Time : ExxonMobil Starts Oil Production at Erha North Phase 2 Project Ahead of Schedule, Well Under Budget Project starts up five months early and $400 million under budget Daily oil production to increase by 65,000 barrels per day Subsea development ties into existing infrastructure for…