On the 24 November 2021, a group of G7 countries, including Japan and the US, announced the decision to release crude oil inventories from their Strategic Petroleum Reserve (SPR). For the US Government, the SPR was an underground salt tank that had to be built in Utah as a recession and warproof facility in response
According to Savannah Energy’s CEO, there is a strong potential to significantly increase upstream production and midstream throughput volumes from current levels. (Image source: Adobe Stock) This follows Savannah’s initial announcement on 2 June 2021 regarding the proposed transaction with Exxon, and Savannah’s earlier announcements regarding the Exxon Acquisition and the PETRONAS Acquisition. Completion of both the Exxon acquisition and the PETRONAS
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The Organisation of Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December. The report said the figure showed an increment of 47,000 barrels
Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the agreement
The Minister of Infrastructure, Ambassador Claver Gatete and his DRC counterpart, Cherubin Okende, held a bilateral exchange on the development of air, road and railway infrastructure projects. The meeting that aimed at bolstering regional trade services was held on the sidelines of the 33rd plenary session of the African Civil Aviation Commission meeting, currently underway in Kigali.
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