Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe.
SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest producing country.
Global oil demand growth continues to decelerate, with first-half 2024 gains of 800,000 b/d year-over-year (y-o-y) being the lowest since 2020, according to the International Energy Agency (IEA)’s September issue Oil Market Monthly Report.
The Public Interest and Accountability Committee (PIAC) has engaged representatives from its 13- Constituent Bodies to discuss how to strengthen efforts to deepen public accountability in the management and use of the country’s petroleum revenues at its Annual General Assembly (AGA) in Accra.
Crude oil production will continue to outpace demand in 2025 despite OPEC+ caps on output, Kpler analyst Homayoun Falakshahi told Reuters.
APA Corporation has entered into an agreement for the sale of non-core producing properties in the Permian basin to an undisclosed buyer for $950 million.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday denied granting clearance for Shell PLC’s sale of its onshore subsidiary to a local player.
Namibia, once considered a frontier market in the energy sector, is rapidly emerging as a potential oil powerhouse. Recent discoveries in the country’s offshore Orange Basin, particularly the Venus and Graff discoveries, have attracted significant attention from international oil majors, raising hopes of a transformative economic impact. However, several factors, including geopolitical considerations and the financial viability of extraction, will play a crucial role in determining the success of Namibia’s oil ambitions.
Uganda plans to issue new oil and gas exploration licences in the fiscal year beginning in July 2025, Reuters reported on Wednesday.
Aramco’s agreement with Hengli Group enables talks for a potential 10 percent stake acquisition