Foreign oil companies in Venezuela are concerned they won’t get licenses from the US in time to allow them to operate after May 31.
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km off the coast of Angola. The value of the contract is around $850 million.
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday.
The need to grow capacity for indigenous oil and gas firms have, over the years, dominated conversations at various oil and gas conferences.
The Nigerian National Petroleum Co. Ltd. (NNPC) recently resumed production from the Awoba field and initiated oil production from the Madu field after facing challenges that led to shutdowns. The Awoba field, located in Rivers State, is expected to reach a production plateau of 12,000 barrels per day, significantly enhancing the country’s gas supply.
offshore drilling contractor Diamond Offshore has executed a two-year contract extension for one of its rigs with Occidental subsidiary, Anadarko Petroleum, in the US Gulf of Mexico.
Oil prices steadied on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand.
Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas, and ExxonMobil Exploration and Production Suriname, an affiliate of the U.S. oil major ExxonMobil, have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.
Offshore wind is a crucial part of California’s transition to a clean energy future, bringing significant benefits like cleaner air and economic opportunities.
Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.