EIA forecasts Brent to average US$60/bbl in 2020

In its latest short-term energy outlook, the US Energy Information Administration forecasts global liquid fuels inventories in 2020 will build by an average of 300,000 b/d as supply growth outside the Organization of the Petroleum Exporting Countries (OPEC) outpaces growth in global liquid fuels demand….

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Shelf Drilling bags three-year extension for jack-up rig

Offshore drilling contractor Shelf Drilling has secured a three-year contract extension for the High Island VII jack-up rig.   The rig owner said on the 9th October that the extension is in direct continuation of the rig’s current contract for drilling operations in the Arabian…

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Exxon Gives Contract for Africa’s Largest Private Project

Exxon Mobil has awarded a JGC Corporation-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa.   Japanese company JGC will be joined by Fluor and TechnipFMC  to develop the Rovuma LNG project,…

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India ramps up support for new Mongolian refinery

The government of India is extending an additional US$236-million line of credit to the government of Mongolia for the country’s first refinery project now under construction on 150 hectares in Altanshiree Soum near Sainshand in the south-eastern province of Dornogovi.   The new line of…

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Billions at Play: The Future of African Energy and Doing Deals

Roadmap for Africa’s revitalisation and future growth outlined in landmark book by leading expert who demands that Africans must lead the transformational charge and profit first from their nation’s burgeoning energy sector.   Energy can and must work better for Africans. This is the call to arms by…

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US Opens Up California Land for Oil, Gas Leasing

The US Department of the Interior’s Bureau of Land Management has opened up 722,000 acres of federal land in California’s central coast for oil and gas leasing and development.   The land is located primarily in Fresno, Monterey and San Benito counties.   The decision…

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