Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Friday, quoting people involved in the talks.
Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines that carry the grade to the company’s Bonny export terminal.
Nigerian National Petroleum Corporation, NNPC, plans to lift the force majeure on Nigeria’s Bonny Light crude next month.
Higher international fuel prices and the weakening of the rand against most major currencies have increased the probability of local fuel prices increasing in August.
In a statement, the association urged farmers to conduct regular checks of their lands.
Cape Town – The Department of Agriculture, Forestry and Fisheries (DAFF) has announced the suspension of its director general, Mike Mlengana.Mlengana has been suspended with immediate effect pending an internal investigation into alleged misconduct, the department said in a statement on Wednesday. “The suspension is a precautionary measure and does not in any way constitute […]
The OPEC Secretary-General, Mohammad Barkindo, said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018.
Cape Town – Overall, South Africa is in a comfortable position regarding food production, according to Wandile Sihlobo, head of agribusiness intelligence at Agbiz.
French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year.
Investment in the oil and gas industry will see a tentative recovery in 2017 after an unprecedented contraction in 2016 and 2015 in face of stubbornly low energy prices, the International Energy Agency said in a report on Tuesday.