Global benchmark Brent crude futures fell 21 cents, or 0.2 per cent, to US $100.00. The US West Texas Intermediate crude futures contract was down 10 cents, or 0.1
Italy’s Eni and its partner TotalEnergies have made a significant gas discovery in Block 6, offshore Cyprus.
Kenya’s petroleum industry is owed more today than ever, with the outstanding bill at 65 billion Kenyan shillings ($542 million), the Petroleum Outlets Association of Kenya (POAK) said in a tweet.
The company estimates reserves of 70.8 bcm (2.5 tcf) of gas in place, with significant upside through further exploration.
The energy crisis in Europe has helped the United States position itself as the world’s largest LNG exporter. The United States, as the world’s biggest LNG exporter, also has the world’s largest backlog of near-shovel-ready liquefied natural gas projects. Limited pipeline capacity remains the biggest hurdle to expanding the sector. The United States has become […]
Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5 per cent for the week on a stronger dollar and demand fears
The new Act confirms that Africa is taking control of its own resources and setting the agenda for how they will be deployed.
Companies plan to drill 33 high-impact wells in 2022, the largest annual number since Rystad Energy started tracking the sector in 2015
U.S. oil and gas firms generated $73.7 billion in profits in 2021.
Despite higher oil prices and profits, companies have been careful with capital expenditure.
Nigeria has launched new terms and conditions for six offshore PSCs in a race to drive up production as the global energy transition moves forward