The OPEC+ group of oil producers, comprising the Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online.
Malaysian national oil and gas company Petroliam Nasional Bhd. (Petronas) has completed the transfer of its 74 percent stake in Engen Ltd. to Vivo Energy, which is now the major shareholder of Engen.
On May 23, 2024, SONATRACH and the U.S.-based company ExxonMobil finalized a Memorandum of Understanding at SONATRACH’s General Management headquarters. Present at the signing were Mr. Rachid HACHICHI, President and CEO of SONATRACH, and Mr. John ARDILL, Vice President of Exploration & New Opportunities at ExxonMobil.
Nigeria’s 650,000 barrels per day Dangote refinery will start exporting diesel conforming to European specifications along with gasoline (petrol) sales in June, its Vice President for Oil and Gas, Devakumar Edwin, said at the weekend.
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria.
Schlumberger, globally known as SLB Global, is a major player in the oil and gas industry, while Nigeria’s frontier basins are regions with potential for oil and gas reserves that have not been extensively explored yet.
The project, which started in 2020, is currently about 99 per cent complete.
The GNPC operational headquarters is in fulfillment of a promise the ruling New Patriotic Party (NPP) made to the people of Western Region to help make the region the hub for petroleum and oil and gas industry in Ghana.
Apart from the building, there are also other projects ongoing in the region to ensure that government achieves its aim of making the Western Region an oil and gas hub.
Didon Redevelopment is a conventional oil development located in shallow water in Tunisia and is operated by Entreprise Tunisienne d’Activites Petrolieres. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Didon, with water depth of around 236 feet.
Repsol has secured a licence from the US Treasury Department to continue and expand its oil and gas operations in Venezuela, Reuters reported, citing sources.
Belgium has approved new quality controls set to suspend the export of cheap, low-quality motor fuels from its ports to West Africa, the government confirmed May 23, in a move that could shift trade flows to alternative supply hubs.
Oil and gas supermajor TotalEnergies has announced that it will invest $600 million to strengthen exploration and production activities in the Republic of Congo in 2024. The investment will be used to finance exploration and maintain production in the country’s deep offshore Moho Nord field, which accounts for approximately half of all Congolese oil production, or roughly 140,000 bpd.