Permex Petroleum Corporation said it has entered into an option agreement to purchase producing oil and natural gas wells from an ownership group that includes Navidad Petroleum and TMR Exploration.
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
Monkey Island LNG CEO Greg Michaels said the selection followed extensive analysis of multiple technologies, adding, “The ConocoPhillips Optimized Cascade Process will enable Monkey Island LNG to provide customers with long-term, secure and competitively priced LNG supply.”
The Republic of the Congo has signed a $23 billion hydrocarbon deal with Chinese oil and gas company Wing Wah for the integrated development of the Banga Kayo, Holmoni and Cayo permits, aiming to raise national oil output to 200,000 bpd by 2030.
As Africa Oil Week (AOW) 2025 approaches, set to take place from September 15-18 in Accra, Ghana, industry leaders and experts are gearing up to discuss the continent’s rapidly evolving oil and gas landscape.
California regulators fearing a dramatic drop in gasoline supply placed a five-year pause on Gov. Gavin Newsom’s penalty on oil industry profits Aug. 29. The decision is a blow to Newsom’s legislation aimed at penalizing the oil industry for allegedly driving up the state’s gas prices in 2022. California Energy Commission Vice Chair Siva Gunda said the […]
U.S. oil and gas giant, Exxon Mobil (NYSE:XOM), has predicted that we will fall far short of the global energy sector’s net zero goals, thanks to high energy costs and surging coal demand. In its newly published Global Outlook, Exxon has forecast that the planet will only be able to cut emissions by 25% by 2050, nowhere near the two-thirds reduction required to meet IPCC goals.
As the only globally recognized organization represented by the acronym “API” in this context, the Institute’s name and certification marks hold a unique and trusted place in the energy industry.
PRIO SA, Brava Energia and BW Energy Ltd are considering buying Petroliam Nasional Berhad’s stake in the Brazilian oil field Tartaruga Verde to expand in Latin America’s largest producing country, according to people familiar with the matter.
Shell Plc is exploring the sale of its interest in the A$34 billion ($22 billion) North West Shelf liquefied natural gas export plant in Western Australia, according to people with knowledge of the matter.