The Government of Guyana and ExxonMobil Guyana on Tuesday last launched a new Oil and Gas Corner at the New Amsterdam National Library, an initiative aimed at demystifying the oil and gas industry and inspiring young Guyanese to pursue careers in the sector. According to a Ministry of Finance release, speaking at the official opening, […]
France’s Maurel & Prom and Norway’s BW Energy have signed an agreement to acquire Azule Energy’s stakes in two producing offshore blocks in Angola, the companies said on Friday.
Several international energy companies are expected to join the MSGBC region’s upstream market in the coming months, as operators target exploration opportunities in The Gambia, Guinea-Bissau and Guinea-Conakry. Speaking at the MSGBC Oil, Gas & Power 2025 conference this week, Ben Sayers, Partner & Energy Specialist, GeoPartners, explained that the south of the MSGBC region has not yet heralded a major discovery, but expected forays by international companies could potentially turn this trend around.
President Trump has removed legislative protections from the Biden presidency that restricted oil and gas exploration in Alaska, including the Arctic National Wildlife Refuge and federal lands in the state.
SLB has signed a strategic agreement with Shell to co-develop AI and digital solutions targeting performance gains in US upstream operations, the company said on Thursday.
BP has started production from the Atlantis Drill Center 1 expansion in the US offshore, marking its seventh major upstream startup of 2025, the company said on Thursday.
In a blog posted on GasBuddy’s website this week, the company outlined that the average U.S. gasoline price reached a “fresh multi-year low”.
Oil closed at the lowest since October, weighed down by earlier losses in equities.
Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America’s largest crude producer can confound OPEC efforts to micromanage the market.
Lukoil, Russia’s energy giant, has seriously lost its grounds across Africa, due to United States sanctions. Sanctions have complicated the company’s potential continuity in operating its largest oil field projects, grappling its investment particularly in Republic of Ghana, Democratic Republic of Congo, and Federal Republic of Nigeria.