Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said.
Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production.
Hilong Offshore, a subsidiary of China-based Hilong Group, has secured a transportation and installation contract for phase two of Eni’s Congo LNG project. The deal is valued at approx. $55 million USD (400 million yuan).
The fundamental argument for today’s rise in natural gas futures is driven by higher LNG exports and colder weather forecasts, which are expected to boost heating demand.
It is nearly two years since the Federal Government of Iraq (FGI) blocked oil exports from the semi-autonomous Kurdistan Region of Iraq (KRI) through the Iraq-Turkey Pipeline (ITP).
Transdniestria, a breakaway pro-Russian region of Ukraine’s neighbour Moldova, has agreed on a deal with a Hungarian company to buy natural gas under a loan provided by Russia.
The United States has imposed sanctions on a network of people and firms accused of facilitating the sale of millions of barrels of Iranian oil to China as U.S. President Donald Trump’s administration seeks to bring Iran’s crude exports to zero.
Output fell to 8.962 million barrels a day last month, the people said, asking not to be identified because the information isn’t public. That’s 16,000 barrels a day below Russia’s target under the OPEC+ supply agreement.
Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by the most in years, and may help bring in additional petrodollars to meet crucial funding needs.
This strategically significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS), reinforcing its track record as a trusted specialist in critical equipment for liquefied gas.