Crude Oil Production


All posts for Crude Oil Production

Africa’s Leading Producer

Producing 2.1 million barrels per day (bpd), Nigeria serves as Africa's largest oil and gas producer, although production is currently limited to 1.4 million bpd by OPEC-led quotas. In a bid to develop untapped resources andmonetize existing resources, 2020 has seen the launch of a marginal field ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoLink > NigeriaNigeria Oil Gas & Power 2021NOGP2021 +22

Angola: Supporting Cross-Border Cooperation

*This article will be published in the upcoming AES: Angola COVID-19 Impact ReportAs a response to the reduction in oil demand amid global lockdowns, the Organization of Petroleum Exporting Countries (OPEC) and the G20 met in March, seeking to reduce the global supply of petroleum among top produc ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > AngolaLuandaAngola Oil & Gas +27

Nigeria: Africa’s Leading Producer

Producing 2.1 million barrels per day (bpd), Nigeria serves as Africa's largest oil and gas producer, although production is currently limited to 1.4 million bpd by OPEC-led quotas. In a bid to develop untapped resources and monetize existing resources, 2020 has seen the launch of a marginal fiel ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > NigeriaNigeria Oil Gas & Power 2021NOGP2021 +29

Nigerian Independents Tackle Market Volatility

Since the Federal Government of Nigeria enacted its Local Content Law in 2010, several indigenous operators – Atlas Petroleum International and Oranto Petroleum, Shoreline, Aiteo Group, Eroton Exploration & Production Company and Seplat Petroleum Development Company, among others – have made subst ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > NigeriaNigeria Oil Gas & Power 2021NOGP2021 +16

Downstream as the Solution

*This article will be published in the upcoming AES: Angola COVID-19 Impact ReportThe Angolan government has launched an ambitious strategy to develop its refining capabilities and reduce its reliance upon and associated costs with imported fuel volumes, aiming to increase capacity from 80,000 bpd ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > AngolaAngola Oil & GasRefining +16

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 1 year agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 2 years agoOpinion > Senator BingamanBingamanSanta Fe +71

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 2 years agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

Field Activity Levels Increase in Iran Amid Talks of Sanctions

Iran has been ramping up activity at key oil fields as a US decision on sanctions looms. A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d. Iran inventories have crept up since October 2017, reaching  26.8 MMb in March. Exports have avera ...

Kayrros


Posted 2 years agoOpinion > IranUnited StatesSanctions +11