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June 22, 2017Oil Prices Under Pressure Despite OPEC Efforts
Nigeria's crude oil exports are set to exceed 2 million bpd in August, the highest level planned for 17 months.
June 15, 2017Nigeria & Libya, Exempt from OPEC Deal, Drive Up Production
Nigeria and Libya, exempt from cutting output, is seen to be undermining efforts led by Saudi Arabia.
May 25, 2017Eq. Guinea, a Voice for Africa, Joins OPEC
OPEC welcomes its fourth SSA member, Equatorial Guinea
May 15, 2017Equatorial Guinea OPEC Power Play Pays Off
Equatorial Guinea’s bid to join the Organization of Petroleum Exporting Countries (OPEC) has received important validation as Saudi Arabia, the group’s largest and most influential member, has supported the African country’s membership. Last week, Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo made his first state visit to Saudi Arabia, meeting with King Salman bin Abdulaziz […]
February 6, 2017OPEC Maintains its Grip, for Now
The cartel still has clout, despite non-member production rises.
January 23, 2017Equatorial Guinea Makes Bid to Join OPEC
Oil and gas minister H.E. Gabriel M. Obiang Lima holds talks on Equatorial Guinea joining OPEC
August 18, 2017Market Report: NNPC Reduces Cost of Oil Production
The Nigerian National Petroleum Corporation cut the cost of oil production from $78 to $23 per barrel.
August 11, 2017Market Report: Gunvor Keen on Fortuna FLNG
Gunvor Group is interested in financing Equatorial Guinea's Fortuna FLNG project.
August 4, 2017Market Report: Producers Need to Cut Costs
Nigeria producers may need to cut production costs to compete with the world's lowest-cost producers.
July 28, 2017Market Report: Boundary Dispute Delays Ghana Drilling
Tullow Oil plans to drill offshore Ghana after maritime boundary dispute is resolved.