Guyana has extended its deadline for its much-anticipated oil and gas bid round to September 12, 2023, Reuters reported on Wednesday.
For OPEC, it is the best of times and the worst of times – depending on which member you ask. Despite a massive oil price windfall brought on by Russia’s war in Ukraine last year, the OPEC members are reaping massively unequal revenues from a shrinking basket.
Egypt has reportedly green lighted a trio of binding oil and gas agreements in the country, aimed at the drilling of multiple exploration wells, the country’s Cabinet said in a statement.
Abu Dhabi National Oil Company (Adnoc) has awarded a $219 million engineering, procurement and construction contract to compatriot National Petroleum Construction Company (NPCC) for work on a key offshore pipeline replacement project.
Slumping energy prices sent profit and sales at ExxonMobil (XOM) tumbling, and its shares fell 1.6% in early trading on Friday following the news.
Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie.
Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.
The Minister of Energy, Dr Matthew Prempeh, has called on American investors to take advantage of the country’s immense energy, mineral resources and invest here.
After remaining range-bound for much of the second quarter, oil prices have mounted a significant rally, with front-month Brent gaining over 10% since the beginning of the month to trade at $83.30 per barrel.
China has gobbled up a record amount of Russian crude, adding some 2 million bpd to its strategic and commercial inventories last month.