Gabon has extended several licences of Africa-focused independent oil and gas firm, Tullow Oil Plc, to the year 2046.
Frontera Energy Corporation is completing analysis of the Wei-1 exploration well in Guyana with hopes to upgrade the play’s exploration licence to its development phase, the Canadian E&P company announced on Friday.
Nigeria’s LNG facility on Bonny Island will continue its force majeure declared in October 2022 due to flooding disrupting supply, Reuters reported on Wednesday.
Ecopetrol has discovered substantial oil flows from an onshore well in the Putumayo province in Colombia, Reuters announced on Thursday.
Three numbers encapsulate the story of Saudi Aramco since its initial public offering (IPO) in December 2019. The first is that its net income for the second quarter (Q2) of this year was US$30.1 billion.
The U.S. shale patch, which accounts for most of the non-OPEC+ oil supply growth, is set to deliver stronger-than-anticipated production gains this year.
Earlier this month, the price of natural gas in Europe spiked by as much as 40% on the news that gas platform workers in Australia may launch industrial action.
Russian producers have been selling their crude oil to India at prices below the G7 price cap of $60 per barrel, but since shipping costs are not included in this price ceiling, Russia has been overcharging for freight costs and getting more revenue from oil trade, a Financial Times analysis showed this weekend.
Nigeria’s oil output could improve as Shell Petroleum Development Company (SPDC) says it has resumed loading on Nigeria’s Forcados crude oil after a months-long outage over a pipeline leak at the export terminal.
The global oil and gas industry’s contract value increased from $35.4 billion in Q1 2023 to $56.7 billion in Q2 2023 driven by major contracts in the Middle East, according to a new report by GlobalData.