The American oil conglomerate, ExxonMobil, recently stated that it is nearing a $10 billion foreign investment decision with Africa’s largest oil producer, Nigeria.
The Public Interest and Accountability Committee has raised serious concerns over missing petroleum revenue, revealing that Explorco, a subsidiary of the Ghana National Petroleum Corporation, failed to account for US$561,648,785.37 owed to the Republic of Ghana between 2022 and 2024.
Premiums for Canadian light crude grades have surged to record levels as US west coast refiners look to neighbouring Canada for supplies amid tightening global availability of medium sour crude, Argus reported on Tuesday.
Aker BP ASA said Tuesday it has put onstream the Symra field on Norway’s side of the North Sea, among nine Aker BP-operated projects that the government approved for development 2023.
One of seven Malaysian-owned commercial vessels stranded in the Strait of Hormuz has been “granted safe passage” and is heading to its destination, Malaysia’s Ministry of Foreign Affairs said.
The US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz, a last-ditch deal that averted President Donald Trump’s threatened escalation of the war.
Decom Engineering has secured a U.S. patent covering key elements of its proprietary Chopsaw cutting technology, supporting its position in subsea cutting and offshore decommissioning applications.
ABL has completed marine assurance and warranty survey work supporting the transport of the Northern Endeavour FPSO from Australia to a recycling facility in Denmark, marking the final stage in the vessel’s lifecycle.
Hunting has secured $63.5 million in subsea orders for a new offshore development in Guyana, reinforcing continued investment in FPSO-based projects in the region.
Eni has made a significant gas and condensate discovery offshore Egypt, with preliminary estimates indicating approximately 2 Tcf of gas initially in place (GIIP) at the Denise W-1 exploration well in the Temsah concession.