Doha, Qatar: Minister of State for Energy Affairs, the President and CEO of QatarEnergy, H E Saad Sherida Al Kaabi, took part in the World Economic Forum’s special meeting on global collaboration, growth, and energy for development, which was held in Riyadh, the Kingdom of Saudi Arabia, under the patronage of His Royal Highness Muhammed bin Salman Al Saud.
Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.
Shell shareholders are anxiously counting down to the oil supermajor’s first-quarter (Q1) 2024 earnings release on May 2, with a cloud of valuation concerns hanging over the company. Despite its share price trading near record highs, giving Shell a whopping £185.1 billion market capitalization, the firm was recently dethroned as Britain’s most valuable company by pharmaceutical giant AstraZeneca.
This follows the prime minister’s meeting with TotalEnergies CEO Patrick Pouyanne on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia.
Upstream oil and gas company Afentra secured approval from the Angolan government to acquire a 12% stake in Block 3/05 and a 16% share in Block 3/05A from international energy firm Azule Energy.
Nigeria’s oil regulator on Monday commenced the evaluation of the divestment processes of Shell’s 75-year-old onshore assets to Renaissance company, the new investors.
African oil and gas executives and Small Medium Enterprises (SMEs) operators are set to discuss opportunities and collaborations for investment in the industry at the 2024 Offshore Technology Conference (OTC) in Houston, Texas, USA.
Kosmos Energy Ltd on Monday said it successfully refinanced its reserve-based lending facility, extending the final maturity by three years to December 2029.
Azerbaijan is ready to start supplying oil products to Kyrgyzstan, Kyrgyz Energy Minister Taalaibek Ibraev told Kyrgyz media, Azernews reports.
According to him, Azerbaijan is one of the top oil exporters. The Junda oil refinery, which would consume more than 1 million tons of petroleum per year, will also be operational in Kyrgyzstan soon.
Chevron’s Permian Basin production in the first quarter dropped less sequentially than the 2%-4% than had been predicted three months ago, but still expects to continue on a growth trajectory in the second half 2024, its top executive said April 26.