The United States Department of Defense said its ceasefire with Iran remains in place despite renewed clashes in and around the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping.
Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced.
Oladayo Williams, managing director of Tetracore Energy Group, talks to The Energy Year about the growing appetite for CNG among industrial, power and transportation companies in Nigeria and the company’s integrated supply model in West Africa.
Nigeria National Petroleum Co Ltd (NNPC) on Monday announced a memorandum of understanding (MoU) with Sanjiang Chemical Co Ltd and Xinganchen (Fuzhou) Industrial Park Operation and Management Co Ltd to restart the Port Harcourt and Warri refineries.
Ghana has signed a major agreement with Eni Ghana E&P, a subsidiary of the Italian oil and gas giant, Vitol Upstream Ghana Limited, and the Ghana National Petroleum Corporation (GNPC) to ramp up domestic gas production from the Offshore Cape Three Points (OCTP) project.
Canada’s TC Energy has approved the USD 1.5-billion Appalachia Supply Project to expand its Columbia Gas Transmission system in the US after first-quarter profit beat market expectations, the company announced in its earnings release on Friday.
INEOS Energy and Shell Offshore have agreed to jointly invest in oil and gas exploration and development opportunities near the Appomattox platform in the US Gulf, INEOS announced on Tuesday.
North America lost four rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on May 1.
State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic.
Helix Energy Solutions Group, Inc. has sold its Gulf of America-focused shallow water abandonment business to C-Dive, LLC, part of the Chouest Group, for $107.5 million in cash.