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.
Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.
A new report by KPMG and United Nations Development Programme (UNDP) has revealed that Ghana’s crude oil production has plummeted by almost half since its peak, posing significant risks to fiscal stability and energy sector revenues.
Crude oil demand is going to continue growing, but insufficient investment could tip fundamentals into imbalance, Russia’s Alexander Novak said today in Beijing.