The Dangote Refinery said it is seeking crude oil import from Libya and Angola amid a supply challenge in Nigeria.
President Bola Tinubu on Friday in Abuja commended international energy company, ENI, for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investment destination.
Independent energy company Tullow Oil has plans to increase oil production at active fields in Ghana and Gabon in 2024 and is preparing to conduct exploratory drilling in Ivory Coast in 2025. Committed to developing oil and gas in Africa in a responsible manner, the company’s asset portfolio across the continent not only contributes to fuel security but creates economic opportunities for host communities. Tullow Oil’s CEO’s Rahul Dhir will speak at this year’s African Energy Week (AEW): Invest in African Energy conference – Africa’s largest energy event taking place from November 4-8 in Cape Town.
The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.
The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.
Alongside surging production, Canada’s oil and gas exports jumped in the period 2002 to 2022.
Canada saw a record-high oil production in 2023 amid expanding oil sands output.
Combined, crude oil, NGLs, and natural gas exports accounted for roughly 20% of total Canadian exports last year.
Italy’s Saipem has awarded a contract to Chinese shipyard China Merchants Heavy Industry (CMHI) to build an FPSO for TotalEnergies’ USD 6-billion Kaminho project, Upstream Online reported on Wednesday
Enersol RSC LTD, the joint venture of ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC, has agreed to acquire a 51 percent equity stake in NTS AMEGA for a consideration of approximately $58 million, excluding transaction fees, expenses and completion adjustments.
Orsted, RWE, BlueFloat Energy and Corio Generation and an RES JV have been granted feasibility licences from the Australian government for the development of offshore wind farms.
SCMP: Angola was the No. 2 exporter of oil to China in 2010, second only to Saudi Arabia, by last year, it had plummeted to No. 8.
Angola–and other African oil producers–have a hard time luring investors to further develop its oilfields and boost infrastructure.
China is pivoting heavily to the GCC, aggressively seeking energy tie-ups with Saudi Arabia, UAE, Bahrain, Kuwait, Oman, and Qatar.