The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is in discussions with TotalEnergies on its plan to focus on its offshore operations in Nigeria, the commission has said.
The head of the National Iranian Oil Company (NIOC) has said the company is going to ink contracts worth $14 billion with domestic companies for the development of the country’s oil and gas fields by the end of the current Iranian calendar year (March 19).
Rocky Mountain oil and gas company Zephyr Energy plc provided an update on its project in the Paradox basin, Utah, and its non-operated project in the Williston basin, North Dakota.
Rivals Diamondback Energy and Endeavor Energy Resources are finalizing a merger that would create an oil-and-gas behemoth worth more than $50 billion, as higher oil prices and a rush to grab prime acreage fuel consolidation in the energy sector.
Exxon Mobil Corp. has outlined its intention to proceed with the drilling of two exploration wells offshore Guyana within the current year, despite the proximity of these drilling sites to a region that is subject to dispute with Venezuela. The oil conglomerate is poised to conduct drilling operations west of the Liza field, an area already yielding oil, and situated closer to the border shared with Venezuela. Notably, Exxon Mobil asserts that the ongoing territorial dispute does not impede its plans for exploration and drilling activities in the region.
French energy giant TotalEnergies is exploring the sale of its minority stake in a major Nigerian onshore oil joint venture, following Shell’s divestment last month, according to CEO Patrick Pouyanne.
Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates.
Chinese commodity imports remained robust in January despite signs of a still struggling economy and cautionary reading of the data that may have been distorted by the start of the Lunar New Year later this week.
Unveiling a significant stride towards enhanced transparency, the Public Interest and Accountability Committee (PIAC) in Ghana has made public a ‘citizens version’ of its statutory annual report on petroleum revenue management. This 60-page document, a brainchild of PIAC, is designed to break down complex and technical information into a form that’s comprehensible to the average citizen. The paramount chief of Asante Asokore, Professor Nana Susubribi Krobea Boaten, proudly marked the launch of this initiative.
QatarEnergy has entered into a 20-year LNG sale and purchase agreement (SPA) with Petronet LNG Ltd for the supply of 7.5 million tpy of LNG destined to the Republic of India.
Pursuant the terms of the SPA, the contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India onboard Qatar Energy’s vast LNG fleet starting May 2028.