Opec on Monday cuts its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third consecutive downward revision.
The oil giant’s new focus on fossil fuels signals another defeat for environmental, social and governance aims and has angered campaigners
The restoration of Libyan crude production and an influx of heavy-sour Canadian grades to the US west coast has pressured light sweet Guyana crudes to their widest differential against Argus North Sea Dated since the assessments launched in February.
The OPEC member’s national development hydrocarbon agency, ALNAFT, will announce a new licensing round, looking to attract foreign investment and operators in its oil and gas sector, Algerian Energy Minister Mohamed Arkab said on Monday, as carried by Reuters.
Nigerian independent producer Belemaoil Producing has resumed operations at its oil block Oil Mining Lease 55 after a three-year shutdown as a result of damage to the facility caused by theft, it said on Monday.
Shearwater Geoservices Holding AS has signed an ocean bottom node (OBN) project contract with TotalEnergies in Angola
The deepwater OBN survey will be conducted by the dual remotely operated vehicle (ROV)-equipped SW Tasman, the fit-for-purpose seismic node laying vessel which was converted in 2023, and SW Gallien as source vessel. A three-month-long operation approximately, the survey will commence in January 2025, with Shearwater deploying its compact high-endurance Pearl node in Block 32 over the Louro and Mostarda fields. The company has previously completed a 4D streamer survey in the region for TotalEnergies.
ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, to leave when its licenses expired.
The Public Interest and Accountability Committee (PIAC) in collaboration with its partners – Kwame Nkrumah University of Science and Technology (KNUST), Ministry of Energy (MoEn), Ghana National Petroleum Corporation (GNPC), Petroleum Commission (PC) and Ghana National Gas Limited Company (GNGLC), is hosting a 2-day technical consultative workshop on16th and 17th October 2024 in Accra.
The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s expected any day.
Crude oil inventories in the US rose by 10.9 million bbl during the week ended 4 October, data from the API showed. The body, the largest US trade association for the oil and gas industry, reported that gasoline inventories fell by 557 000 bbl.