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The fall in oil prices had an immediate and dramatic impact on drilling activity.
Read More »OPEC Sacrificed Venezuela and Angola for the Greater Good
Angola to Unpeg its Currency from the U.S. Dollar
Angola showed the biggest year-on-year increase in OPEC deliveries to China in 2017.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »South Africa Open to Iranian Investment if New Refinery Goes Ahead
South Africa bought around 68.000 bpd of crude from Iran in May 2012.
Read More »BP Expands Digital Rocks Technology
BP’s industry-leading digital rocks program was established 10 years ago.
Read More »OPEC Oil Price Drops by 1.3%
The price of OPEC’s basket of 13 crudes stood at $48.34 a barrel on May 3.
Read More »BP Says 1 Billion Additional Barrels `Possible` in Gulf of Mexico Hubs
BP plans to apply the technology to other fields in Azerbaijan. Angola. and Trinidad and Tobago.
Read More »BP Finds More Than 200 MMbbl in New Resources with Seismic Imaging at U.S. GOM
The innovation has enabled BP to enhance the clarity of images that it collects during seismic surveys.
Read More »OPEC Oil Price Drops Below $50/bbl
The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.
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