Author: intent

Maintenance on ENI plant on July 13 would cause some interruption of power – Jinapor

“Based on the advice from engineers, I have directed that we do not attempt to run those plants on liquid fuel for that short period. It involves changing nozzles, it involves a lot of work, and so if we are going off for about four to six hours, you don’t risk transitioning to liquid fuel only to come back to gas,” he said.

Petralon to boost Nigerian offshore production by 2,500 bpd

African exploration and production company Petralon Energy is on track to boost Nigerian crude production by a further 2,500 barrels per day (bpd), following drilling activities at the Dawes Island field, according to a news release from the African Energy Chamber. The company has recently completed a new well at the field, aligning with plans to maximize output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.

Gabon’s oil & gas minister pushes drive to develop deepwater assets

Minister Nguema’s participation at AEW: Invest in African Energies 2025 will serve to advance the country’s oil and gas industry goals. During the event, he is expected to share insights into the country’s exploration and production landscape, highlighting upcoming investment opportunities and areas of collaboration. Through his participation, operators will gain first-hand insight into the country’s oil and gas sector.

Oil Prices Dip on Tariff Expectations

Despite energy trade being one of the focal points of trade negotiations between the U.S. and its partners, the dominant perception about the effect of tariffs on oil prices is negative. Most analysts point to the effect of tariffs on the economy of countries being “punished” with them, and, consequently, on oil demand.

Hess Relinquishes Block 59 offshore Suriname after Failing to Find Partners

In July 2024 Norway’s majority state-owned Equinor and Texas-based ExxonMobil withdrew from the production sharing contract they signed July 2017 with New York City-based Hess. After 2D and 3D research that involved 6,000 kilometers (3,728.23 miles) and 9,000 square kilometers (3,474.92 square miles) respectively, ExxonMobil and Equinor deemed the risk for drilling an exploration well too high and transferred their stakes to Hess, according to Staatsolie Maatschappij Suriname NV.