LONDON — British regulators on Wednesday gave approval for Norway’s energy giant Equinor
to develop the controversial U.K. offshore Rosebank field in the North Sea, just off the northwest coast of the Shetland Islands.
Indigenous oil and gas servicing firm, Engineering Automation Technology Limited, has sealed a partnership deal with Emerson Automation Solutions Limited to improve automation and control solutions in the oil and gas industry.
TAAG Angola Airlines, the state-owned airline of Angola, plans to enhance connectivity between Luanda and São Paulo, Brazil by increasing the weekly flights from four to six.
After an unexpected dip in the month of April, Nigeria’s oil production grew by 14.4 percent in May to average 1.43 million barrels per day, latest figures from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have shown.
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the alternative is Russian oil, and they can’t have that.
A couple of times over the last few weeks, I have pointed out here that crude was looking for a direction.
The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.
Crude oil prices saw a minor increase today when the U.S. Energy Information Administration reported an oil inventory build of 500,000 barrels for the week to January 20
The Nigerian Upstream Petroleum Regulatory Commission has revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd.
Crude oil production in the United States stayed the same at 12.1 million bpd in the week ending July 29, according to the latest EIA data.