The Environmental Protection Agency on Wednesday finalized a rule granting oil and gas operators more than a year in additional time to comply with mandates set by former President Joe Biden to replace leaky equipment and routinely monitor for escaped methane. The Trump administration said this rule will affect hundreds of oil and gas sources nationwide and save an […]
ADNOC Gas has signed a long-term agreement valued between $3.5 billion and $4.2 billion to supply lower-carbon natural gas to EMSTEEL, one of the UAE’s largest integrated steel and building materials manufacturers. The 20-year contract, effective Jan. 1, 2027, secures feedstock for EMSTEEL’s industrial operations while expanding ADNOC Gas’ long-term revenue portfolio. The deal reinforces the […]
Ivory Coast’s economic growth is poised to accelerate in the next five years as the country sees an increase in oil and gas activity, Planning and Development Minister Kaba Niale said. “We can do a much stronger growth rate in the coming five years,” Niale said in an interview at an African Development Bank conference […]
Petralon Energy is progressing its drilling campaign at the Dawes Island field (PPL 259) in Nigeria, bringing the DI-2 well back online and spudding the DI-3 well as part of efforts to boost near-term output under the country’s Petroleum Industry Act (PIA). Following a site visit, Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken […]
Angolan President João Lourenço opened a $4 billion gas processing plant in Soyo as the longtime crude producer increases its focus on the fuel. The facility, built by the Novo Consórcio de Gás, can process 400 million cubic feet of gas a day from Angola’s first standalone fields, Minerals and Petroleum Minister Diamantino Azevedo said […]
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.9 million barrels for the week ending November 21.
Malaysia’s Petroliam Nasional Bhd (Petronas) and Italy’s Eni SpA on Monday announced a binding agreement to combine their assets in Indonesia and Malaysia into a company equally owned by the state-controlled oil and gas producers.
Hungary will deliver more oil products to Serbia, its foreign minister said Wednesday, ahead of a shutdown of the Balkan nation’s oil refinery, under US sanctions due to its majority-Russian ownership.
TotalEnergies EP Nigeria has completed the sale of its 12.5% non-operated interest in Nigeria’s OML 118 PSC to Shell Nigeria Exploration and Production and Nigerian Agip Exploration for a total consideration of USD 510 million, the companies announced on Tuesday.
The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has reaffirmed the commitment of the Nigerian Air Force (NAF) to partner with the Nigerian National Petroleum Company (NNPC) Limited in its renewed effort to protect critical oil and gas infrastructure vital to Nigeria’s economic stability.