There was renewed optimism that Niger may join the league of oil producing states soon, says the State Commissioner for Mineral Resources, Hajiya Ramatu Yar’Adua.
Eleven private firms have shown interest to partner with the Ondo State Bitumen Exploration and Exploitation Company through the State Development and Investment Agency to commence the exploitation and exploration of bitumen in the state.
The Organisation of Petroleum Exporting Countries has raised its forecast for global oil demand growth this year, but added that sanctions, tariffs, and the United States withdrawal from the Iran nuclear deal are strong indications of rising uncertainty over the global economic growth momentum.
Eni has completed the ramp-up of Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 bpd less than two months from start-up. This result allows the operated production from Block 15/06 to be stable above 150,000 bpd, and is in line with the goal of adding 54,000 bpd to the block’s production by 2019.