On Friday reported third-quarter earnings that beat Wall Street estimates, as production in Guyana and the Permian Basin hit records despite falling oil prices. Exxon’s net income fell 12% to $7.55 billion, or $1.76 per share, compared with $8.61 billion, or $1.92 per share, in the year-ago period. Excluding one-time items, the oil major earned […]
Lukoil has accepted an offer from Switzerland’s Gunvor Group to buy its international assets through the acquisition of Lukoil International, the Russian oil company said on Thursday. The parties have agreed on key terms and Lukoil has committed not to negotiate with other potential buyers. Gunvor must obtain OFAC permission and other required licences in relevant […]
Oil prices rose modestly in early Asian trading on Monday after OPEC+ opted for a limited production increase in December and delayed further hikes in the first quarter of 2026, signalling caution amid demand uncertainty.
Italy’s Eni has signed a reconnaissance permit agreement with the Petroleum Directorate of Sierra Leone to advance offshore technical studies, the PDSL said on Friday.
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
The Parliamentary Select Committee on Energy, led by its Chairman and Member of Parliament for Ho West, \xa0Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.
Ghana is in the final stages of adopting a national policy on radioactive waste and spent fuel management after 15 years of its development, as the country positions itself to incorporate nuclear energy into the energy mix by 2030.
Senegal is actively reducing its historical dependence on imported fossil fuels through both domestic hydrocarbons and renewable energy initiatives. The government’s strategy prioritizes using natural gas for domestic power generation, aiming to reduce costly heavy fuel oil consumption while directing hydrocarbon revenues toward broader development objectives.
Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the first quarter of next year to replace lost Russian supply after the latest U.S. sanctions on Rosneft and Lukoil.
The UK-based energy giant, which is a co-venturer in the exploration license via its 50/50 company with Italy’s Eni, Azule Energy, can confirm the preliminary results of the Volans-1X exploration well, as reported by operator Rhino Resources earlier this month.