Nigeria’s Indigenous firms are looking forward towards operational efficiency to drive Nigeria’s production target. Their new business outlook is adding value to Nigeria’s expanding production growth with oil production averaging 1.56 million barrels a day (mbpd) in June 2026. This marked the highest monthly crude output since April 2020 and exceeding Nigeria’s 1.5 mbpd OEC […]
Mahama administration and the Ministry of Energy and Green TransitionUS$3.5 billion in planned upstream investment Energy Ministry Technical Advisor, Dr. Yussif Sulemana, says the government expects crude production to increase by the end of 2026 as investment returns to some of Ghana’s major producing fields. “I can tell you on authority that coming by the end of […]
The Tema Oil Refinery (TOR) and Ghana Oil Company Limited (GOIL) have held a strategic meeting to explore further opportunities for collaboration in the supply and offtake of petroleum products produced by the refinery. The engagement, held on Wednesday, September 02, 2026, builds on the existing business relationship between the two institutions and seeks to […]
Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Aker Solutions ASA on Tuesday announced the appointment of Paal Eikeseth, who has headed the Norwegian oil and gas contractor’s Life Cycle business since 2022, as president and chief executive effective immediately. Eikeseth – who previously held operations- and growth-related roles at Aker Solutions in Angola, Canada, the United Kingdom and Asia – has replaced […]
North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on August 28. Although the total U.S. rig count remained flat week on week, the total Canada rig count dropped by five during the same period, pushing the total North America rig count down […]
ONEOK Inc has signed an agreement to buy Brazos Midstream’s natural gas gathering and processing assets in the Permian Basin for $4.425 billion in cash, enabled by a new $9 billion minority equity investment from Apollo Global Management Inc. The Brazos system will more than double ONEOK’s processing capacity in the Permian’s Midland sub-basin to […]
Two oil supertankers attempting to exit the Strait of Hormuz were struck by projectiles late Monday, maritime security consultant Marisks said, as renewed hostilities threaten a recent recovery in oil shipments through the critical waterway. The very large crude carrier Sidr, operated by Saudi Arabia’s Bahri shipping company, was hit while sailing northeast of Khasab, […]
US oil prices topped $90 a barrel for the first time since late July as fresh American strikes on Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz. West Texas Intermediate rose 5.2% on the renewed fighting. US President Donald Trump said the attacks were in retaliation for Iran trying […]
Chevron Corp. is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt, part of a push by U.S. President Donald Trump to ramp up production in the South American country. The Texas oil company has negotiated operating rights to the fields in the Carabobo […]