The two United Kingdom firms that last year marketed Guyana’s oil from two offshore platforms in the Stabroek Block will be doing so again, for a one year fiscal period.
$1.28B ExxonMobil-Seplat Deal Gains AEC Support, Signaling Nigeria’s Commitment to an Enabling Environment
When industry players in Ghana’s energy sector recently gathered under the guidance of the Public Interest and Accountability Committee (PIAC), the stunted nature of the country’s oil production dominated the conversation.
BW Energy and its partners have completed production drilling campaign at Dussafu Marin Permit offshore Gabon, bringing the oil production at the development to the highest quarterly rate since the start-up in 2018.
President Tinubu has launched an initiative targeting to boost Nigeria’s crude output by 1m bpd over the next year
The value of Nigeria’s offshore oil and gas production market will grow from the $34.18 billion in 2023 to $47.03 billion by 2031, a new market research has found.
Diesel subsidies make up 70% of annual petroleum products subsidies
Chevron Nigeria discovered oil in the Niger Delta’s Petroleum Mining Lease (PML) 49, the company announced on Friday.
Dominion Energy, the developer of the 2.6-GW Coastal Virginia Offshore Wind (CVOW) Commercial project off the coast of Virginia Beach, is making plans to build significantly more offshore wind capacity
This week, crude oil prices faced sharp declines due to a confluence of factors that weighed heavily on market sentiment. Concerns over weak demand, particularly from China, and the easing of supply risks in the Middle East were central to the downward pressure on prices. Simultaneously, a series of reports from major institutions like the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) lowered global demand forecasts for 2024, reinforcing the bearish outlook.