Engineering company TechnipFMC has been awarded a contract from oil and gas supermajor TotalEnergies to install flexible pipe and associated subsea structures for the Girassol Life Extension project, offshore Angola.
“OPEC’s output is still undershooting the targeted amount by almost 800,000 bpd mainly because Nigeria and Angola lack the capacity to pump as much as their agreed level.”
In Ghana’s asymmetrical inland sedimentary basin covering about 40% of its continental landmass, lies the Ghana National Petroleum Corporation (GNPC)s exploratory mission to find Ghana’s newest hydrocarbons reserve which has so far indicatively proven to wield great potential to replenish the country’s petroleum resource fields with projections setting drilling activities in 2024.
MUSCAT, August 31, 2023 – Oman LNG has signed term-sheet agreements with Shell and OQ for the supply of LNG, the LNG producer announced via social media on Wednesday.
NEW DELHI, August 31, 2023 – ONGC has set plans to spend USD 24.2 billion on clean energy projects under its drive to have net-zero carbon emissions by 2038, the company’s Chairman and CEO Arun Kumar Singh announced on Tuesday.
Earlier in the year, Wall Street was mostly bearish about the U.S. economic outlook with many warning of a looming recession. Not surprisingly, many oil punters expected oil demand to crash as unemployment rose and companies cut output thanks to aggregate demand falling.
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 10.6 million barrels for the week to August 25.
Oman has an importance to China and Iran that goes way beyond its relatively small oil and gas reserves (only around five billion barrels of oil reserves and about 24 trillion cubic feet of gas).
Petroliam Nasional Bhd (Petronas) is keenly waiting for Argentina’s Congress to complete the legislative process of a law relating to the liquefied natural gas (LNG) industry before deciding whether to proceed with its plans to collaborate with the Latin American nation’s state-controlled energy firm YPF S.A. on an LNG project.
Crude oil theft may have cost the country a whopping N1.9tn revenue loss in July, according to analysis by The PUNCH.