COVID-19 has changed the world in many ways and energy hasn’t been excused. In early 2020, there was a perfect storm of excess supply and massive reductions in demand. Since then, the market has become far more balanced and the oil price seems to be tightly bound in a narrow price range.
Six months on from the passage of the IMO 2020 initiative – the International Maritime Organisation ruling that required the marine sector to reduce sulphur emissions by over 80% – how has the market responded to the new position, asks Andy Laven, COO of Sahara Energy Resources DMCC
Coronavirus looks set to have a continued impact on energy demand beyond the near term and supply chains must become more adaptable in order to navigate the uncertain future, writes Andy Laven, COO of Sahara Energy Resources DMCC
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
A Nigerian National Petroleum Corp. (NNPC) employee has tested positive for coronavirus in the Nigerian capital of Abuja.
Enageed Resource has issued tenders for the installation of oil tanks and an early production facility on its Oki-Oziengbe area.