Africa-focused independent Tullow Oil is hoping to generate $800 million cash flow in the next two years on the back of an improved business model and a recent production boost from a key African asset.
GEORGETOWN, Sept 13 (Reuters) – Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil (XOM.N) and TotalEnergies (TTEF.PA), according to the government and documents seen by Reuters.
The Federal Government, on Wednesday, announced that it issued letters of award to 42 firms for the 2022 Nigerian Gas Flare Commercialisation Programme.
On 31 August 2023 Global announced that it had raised £250,000 in aggregate before costs through the placing of 250,000,000 Ordinary Shares at a placing price of 0.1 pence per share.
China has maintained a strong rate of crude oil imports pretty much since the start of the year, but instead of turning oil markets bullish, it has only served to create confusion.
Crude oil prices ticked lower today after the Energy Information Administration reported an inventory build of 4 million barrels for the week to September 8.
China is back on the spot LNG market to seek cargoes for the coming winter, potentially upsetting a fragile balance in the global natural gas market just as Europe has reached its gas storage target well ahead of the November 1 deadline.
Oil prices are set for a surge in volatility amid an expected “significant supply shortfall” on the market in the fourth quarter of 2023, due to the Saudi-led cuts to OPEC+ oil supply, the International Energy Agency (IEA) said on Wednesday.
Iran says construction work at the revived 10.8mn t/yr Iran LNG project stands at just shy of 50pc and is on track for completion before the end of the current administration’s term in office in mid-2025.
Conrad Asia Energy (Conrad) subsidiary West Natuna Exploration (WNEL) has signed a non-binding terms agreement with Singapore’s Sembcorp Gas for a long-term gas supply deal for the Mako gas field.