Angola’s recent decision to exit the Organization of the Petroleum Exporting Countries (OPEC), driven by disputes over production quotas, has set in motion a significant recalibration within the oil-producing alliance....Read More
This increase in crude oil exports comes against a backdrop of a resumption of fragile demand, requiring "caution" in the face of uncertainties over global oil demand. It will be...Read More
This is the highest level recorded in previous months, supported by the consensus of OPEC members and its allies on a gradual increase in their production of black gold from...Read More
Chad produces 140,000 barrels a day on the world market. The Doba basin, which has three fields (Bolobo, Komé, and Miandoum), has reserves of over 900 million barrels, or about...Read More
Indeed, last May, one month after the signing of the Opec + agreement, Gabon would have found itself producing 226,000 barrels / day instead of the 144,000 to which it...Read More
According to the tanker, at the time of the shutdown, the well was producing roughly BOPD gross or 225 BOPD NRI at Vaalco before ceasing production. "It may not be...Read More
Faced with these fluctuations, the Congolese government decided in April to revise its budget forecasts by half, by putting in place mechanisms to restore budgetary balances. According to the Minister...Read More
Finally, the sudden adjustment imposed by OPEC compromises Gabon’s economic diversification efforts, even though we can see how dependence on hydrocarbons is a dangerous trap. The country is resolutely committed...Read More
On the African continent, the difference allegedly recorded in Gabon’s production in May would be tiny compared to that of other countries such as Nigeria and Angola. These two countries,...Read More
Furious, OPEC should punish the bad guys. Having joined this organization in 2016, Gabon, in particular, will be forced to lower its production for several months in 2020, in order...Read More
"It must be recognized that, as far as Gabon is concerned today, our production comes from so-called mature fields. This means fields which have shown their full potential and which...Read More
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