The U.S. fund The Carlyle Group is studying the possibility of acquiring the overseas oil and gas assets held by Lukoil, Russia’s second-largest oil producer. According to international media reports published on Thursday, November 13, the deal concerns a portfolio valued at around $22 billion based on Lukoil’s 2024 accounts.
Government has reaffirmed its determination to halt the country’s half-decade decline in oil production, announcing more than US$3.5billion in new investment commitments as the national oil company (NOC) prepares to begin offshore drilling in late 2026.
The Environmental Protection Agency on Wednesday granted Texas permission to authorize companies to capture and store carbon dioxide underground, fulfilling a key wish for the state’s oil and gas industry.
Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter of 2025.
Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude remained focused on supply signals rather than broader risk sentiment.
Libyan company Zallaf Oil and Gas has shipped the first export cargo from the Chadar oil field, at 600,000 barrels.
Nigeria will launch its 2025 oil licensing round on December 1, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced. The regulator said the new cycle aims to attract private investment and revive the country’s oil and gas output.
It is not an exaggeration to say that South Africa’s offshore gas discoveries offer up a potential economic transformation for the country that would be on par with Guyana’s oil-driven boom or Suriname’s emerging energy sector.
The government plans to amend the Petroleum Revenue Management Act (PRMA), 2011 (Act 815), to access portions of the Ghana Heritage Fund (GHF) and the Ghana Stabilisation Fund (GSF), ostensibly to finance green investment and related initiatives, a senior source close to the Finance Ministry has disclosed.
The Minister for Energy and Green Transition, John Abdulai Jinapor, has paid a working visit to the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, as part of his ongoing tour of agencies under the Ministry.