UK based Tullow oil Plc and French’s Total, through subsidiaries in Uganda called for applications from engineering firms to provide infrastructure works design for oil wells as nation strives to live up to its 2020 commercial production timeline. The two, together with their Chinese partner China National Offshore Oil Company (CNOOC) are the leading industrial
OPEC agree to save world oil market by Cutting Production effective January 2017
OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output. Non-OPEC Russia will also join output reductions for the first time in 15 years to help the Organization of the Petroleum Exporting Countries prop