The number of total active drilling rigs in the United States rose by 6 this week, after drilling increases stalled out in the week prior, according to new data from Baker Hughes published on Friday.
Tullow Ghana has confirmed the discovery of a new gas reserve, estimated to hold between 1.5 and two trillion cubic feet (TCF) of the hydrocarbons offshore Cape Three Points in the Western Region.
ExxonMobil stock saw a more than 2% boost in share prices on early Wednesday trading, marking a significant comeback for an oil giant that has recently fallen out of favor with Wall Stree
Yinson Holdings and partner Sumitomo Corporation have held the naming ceremony of the Anna Nery FPSO
The US government has agreed to provide USD 10 million to prevent an oil spill from an aged FSO offshore Yemen
Oil falls from 3-month high.
Partial lockdowns in Beijing and Shanghai spark fears of new dip in crude demand
National Energy Transition Committee has in the past few days engaged a number of targeted stakeholders in its bid to seek inputs towards Energy Transition Plan
After two years of regular oil discoveries in Guyana, it seems its deep waters may hold even more crude, adding to its reputation as the next big oil-producing state.
The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are “not encouraging,” the energy minister of one of OPEC’s top producers, the United Arab Emirates, said on Wednesday.
With the European Union and G7 considering the phasing-out of oil imports from Russia, African oil producers are facing mounting pressure to ramp-up production.