Kazakhstan extends the ban on export of liquefied petroleum gas for six more months, Kazinform News Agency reports.
Modera Wealth Management LLC lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY – Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,470 shares of the oil and gas producer’s stock after purchasing an additional 788 shares during the quarter. Modera Wealth Management LLC’s holdings in Occidental Petroleum were worth $809,000 as of its most recent filing with the Securities and Exchange Commiss
The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said on Thursday.
Sintana Energy has provided an update regarding the ongoing exploration campaign on Blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions.
Subsea7 has secured what it describes as a “large” contract with Woodside Energy to deliver subsea installation services for a deepwater oil project in the Gulf of Mexico.
Azerbaijan saved the EU from the energy crisis, former Deputy Prime Minister of Romania Ana Birchall said at the XI Global Baku Forum, Azernews reports.
“As we approach the election in the European Union, it’s fair to remind my colleagues and friends from the EU that during the energy crisis, President Ilham Aliyev actually helped our region,” she noted.
Kenya on the Brink of a Petroleum Boom
Kenya’s prospects for establishing itself as a commercial oil producer have received a significant boost thanks to the energy firm Tullow’s latest commitment. Tullow has put a spotlight on the nation by identifying its oil project as a leading area for the company’s growth. The managing director of Tullow Kenya BV, Madhan Srinivasan, announced in March 2023 that an updated Field Development Plan (FDP) is underway. This ambitious strategy seeks to unlock 470 million barrels of oil equivalent (mmboe) and aims for a production zenith of 120 thousand barrels daily.
Singapore’s onshore fuel oil stockpiles rose to a three-week high despite a sharp decline in imports into landed tanks, data showed on Thursday. The inventories climbed 11.4% to 21.33 million barrels (3.36 million metric tons) in the week to March 13, latest data from Enterprise Singapore showed. This came despite a 79.2% drop in total imports, which were at about 297,000 tons in the week.
Ghana’s oil and gas sector boasts of over 600 million barrels of proven reserves, and is fast positioning itself as a magnet for foreign investors seeking to tap into its energy industry.
LONDON (Reuters) -Legal & General Investment Management, a significant shareholder in Capricorn Energy and Tullow Oil, said on Monday it had “strong reservations” about a proposed merger between the two companies.
Tullow and Capricorn agreed an all-share merger earlier this month in a deal worth around $827 million, paid for in newly issued Tullow shares.