Weekly News Round-Up


As another week of COVID-19 panic comes to an end, we once-again bring you some positive news stories from across the industry. 

Oil futures skyrocket after U.S. president said Saudi Arabia agree to end their oil price war by removing 10 million barrels per day from the market… Read more.

…Although, oil prices fell in early Friday trading as doubt continues to emerge over a deal being reached. Read more.

PGS completes the acquisition of 3D seismic on Angola’s Kwanza shelf, which will be used in the country’s 2021 licence round. The seismic company said coverage on Blocks 6, 7 and 8 – and surrounding areas of the Kwanza – stood at 8,300 square km. The shoot, known as MC3D, complements previous seismic carried out by PGS in 2019. Read more.

Africa Oil Corp. announces that it has received its second dividend from Prime Oil and Gas, a company that holds interests in deepwater Nigeria production and development assets. This payment brings total dividends received by Africa Oil, since the closing of the Prime acquisition on 14 January 2020, to US$87.5 million. Read more.

With backing from Shell, South African Hydrox Holdings develops innovative technology that promises to lower the production price of hydrogen and serve as a disruptive hydrogen economy enabler. Read more.
Three leading global oil and gas industry associations (API, IPIECA and IOGP) release the fourth edition of the “Sustainability Reporting Guidance for the Oil and Gas Industry”. This guidance is intended not only a practical tool for reporting, but to enhance engagement with stakeholders whilst navigating the energy transition. Read more.

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