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More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts.
After 11 meetings in 2021 to manage an erratic oil market, OPEC and its Russia-led allies look to have no respite in 2022, as the coronavirus pandemic and geopolitics figure to keep ministers on their toes. By October, the OPEC+ alliance is hoping to complete its comeback from the record production cuts implemented in mid-2020, ...
The word ‘strategic’ in the phrase Strategic Petroleum Reserves is there for a reason and no one understands it better than Asia’s biggest oil importers. With the energy security aspirations of Asia’s biggest four oil importers—China, India, Japan and South Korea—perpetually vulnerable to global price gyrations, they have increasingly expanded their SPR capacity over the ...
More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts. The roughly 12 deepwater US Gulf discoveries scored in 2021 could expand by a couple more next year, and several fields that have patiently ...
2022 poses to be a very challenging year for Nigeria. Africa’s largest oil producer faces a race against time to implement reforms needed to bolster exploration and check declining oil production as it fights a wave of divestments from international oil companies. The signing into law of the long-delayed energy legislation called the Petroleum Industry ...