As of the latest available data from 2024, the combined oil and gas production in Africa is approximately 6.4MM b/d and 17.5B cf/d respectively.
August 25, 2024
OPEC has recently downgraded its oil demand growth forecasts, but this change does not appear to alter its planned production adjustments.
August 24, 2024
US oil output reached a new record high, with Lower-48 production having risen by 100K b/d to 13MM b/d.
August 18, 2024
The major Scandinavian producer’s oil and gas sector is set to achieve record investment levels in 2024, with total spending projected to hit $24B (257B Norwegian crowns).
August 18, 2024
OPEC's second-largest producer is transitioning to profit-sharing contracts for its oil and gas sector, marking a significant regulatory change aimed at attracting higher investment.
August 18, 2024
Two recent developments reflect significant opportunities and challenges in the global oil exploration and production (E&P) sector.
August 11, 2024
On Aug. 1, 2024, OPEC+ ministers confirmed their commitment to the current oil output policy, which includes a gradual increase in production starting in Oct.
August 10, 2024
OPEC+ is grappling with key decisions regarding its production policy as crude prices dip and market conditions shift.
August 03, 2024
In 2024, the US is expected to contribute significantly to non-OPEC oil production growth, with Goldman Sachs projecting it will account for 60% of this increase.
August 03, 2024
Chevron Corp.'s $53B acquisition of Hess Corp. has encountered further delays as a scheduled arbitration hearing regarding the Stabroek block in Guyana has been set for May 2025.
August 03, 2024
