Shares of Occidental Petroleum Corp. (NYSE:OXY) continued their upward trend on Monday, closing at $64.18. Despite this increase, the stock’s price remains below its year-high. The trading day saw an impressive volume of 16.8 million shares changing hands, surpassing the company’s average trading volu
The most effective way to bring Africa’s oil and gas resources to market is through a quick, efficient partnership approach – as the West African nation has proved.
The Federal Government, on Monday, unveiled seven additional draft regulations to improve operational and regulatory efficiency in the upstream arm of Nigeria’s oil and gas sector.
Chevron said Monday that it had shut down a natural gas field off the coast of Israel at the behest of local officials, two days after Hamas militants launched their deadly assault on the country.
Given the enormous ground that the U.S. literally and metaphorically lost in the Middle East in recent years, any strategy it attempted to regain some or all its previous influence across the region had to be clever, concerted, and multi-layered, and so it is transpiring to be.
In its annual World Oil Outlook report released on Oct. 9, 2023, the Organization of the Petroleum Exporting Countries (OPEC) projects global oil demand to reach 110.2 million b/d in 2028, up 10.6 million b/d compared with 2022.
Ukraine’s natural gas reserves stood at over 15.7 billion cubic meters of national gas as of last week
In its 30th year of existence, leading African upstream oil-and-gas event Africa Oil Week has launched a bold new brand and mission, with a broader energy focus in line with the global energy transition and Africa’s evolving role.
Chevron, which has substantial natural gas investments in the eastern Mediterranean, said on Monday that it had temporarily shut down operations at one of its major natural gas platforms off Israel’s coast.
Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region.