Oluwamuyiwa Nelson Kosile, managing director of IKOSH Nigeria, talks to The Energy Year about Nigeria’s Decade of Gas initiative, the growing demand for infrastructure solutions, the impact of IOC divestments and the evolution of IKOSH’s business.
India’s ONGC is poised to take over operation of two Venezuelan oil projects from state-owned PDVSA, which would give the Indian producer direct operational control over assets of the world’s largest proven crude oil reserves. Reuters exclusively reported Wednesday that ONGC expects to sign new agreements “very soon” under Venezuela’s new petroleum law after years of limiting its activities because of U.S. sanctions.
Guyana is strengthening energy partnerships across the Caribbean as the country’s rapidly expanding offshore oil sector drives closer regional cooperation on upstream development, infrastructure and energy security.
Xodus Group has been selected to support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, one of the country’s largest offshore oilfield decommissioning projects.
EnerMech has been awarded a multi-year contract to provide topside process and shutdown services across the offshore asset portfolio of a North Sea operator, expanding a partnership that has spanned more than a decade.
AGR has entered into a strategic partnership with THF Engineered Solutions to develop AI-enabled workflows aimed at improving well planning, engineering assurance and well delivery.
A growing number of Iranian oil tankers are sitting idle off the country’s coast as a renewed U.S. naval blockade disrupts crude exports and increases pressure on Tehran’s energy revenues, according to shipping data and market analysts.
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term supplies from the Middle East remain choked by the shipping constraints at the Strait of Hormuz and Bab el-Mandeb.
West Africa-focused Tullow Oil (TLW.L), opens new tab forecast annual production at the higher end of its forecast range on Wednesday and raised its free cash flow projection, encouraged by strong performance at its Ghana fields and better-than-expected oil price realisations.The company has been reshaping its business around Ghana by selling assets in Gabon and Kenya and […]
Saudi Aramco said it’s looking at options to expand its oil export capacity as the Iran war disrupts flows through the Strait of Hormuz and Houthi rebels threaten shipments in the Red Sea.