Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said.
Brevity Anderson, a strategic advisory and consultancy firm specializing in facilitation and optimising international trade and business operations has signed a landmark Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO).
The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million, says Chief Corporate Communications Officer Olufemi Soneye.
David Ampofo, the Chief Executive Officer of the Ghana Upstream Petroleum Chamber, has raised alarm regarding the declining state of the oil and gas industry, highlighting that significant potential benefits for Ghanaians are jeopardized by a troubling decrease in production over the past years.
Springfield Group will test the Afina-1x well on West Cape Three Points Block 2 offshore Ghana (WCTP2) after signing a strategic alliance agreement and contract with Northern Ocean Ltd. for the Deepsea Bollsta drilling unit.
Kent is strengthening its presence in Houston, Texas, with significant strategic investments aimed at expanding its operations and capabilities in the region. Building on its 66-year legacy in the Americas, the company is doubling down on its commitment to the U.S. market as a central hub for its global operations.
Russian oil exports in August 2024 decreased by 290,000 b/d month-over-month (m-o-m) to 7 million b/d, according to analysis from the International Energy Agency (IEA), based on trade data from Kpler and Argus Media. This marks the second consecutive month of decline and the lowest level since March 2021.
While big tech has stolen the headlines, big energy has been the real winner of the past three years.
Tullow Oil is yet to make much headway in its search for a strategic partner, which remains one of the key aspects needed to move Kenya’s oil project forward.
Kenya’s dream of joining the oil exporters club petrodollar remains intact and is just awaiting a revision of the Field Development Plan (FDP), with commercial exports expected in 2028, according to oil giant Tullow.