Oil & Gas | GUPC

Eni, Petroci unveils great recent offshore oil discovery

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

(MENAFN) Eni, the Italian energy giant, in collaboration with state-run Petroci International, has announced a groundbreaking discovery of a major oilfield off the coast of Côte d’Ivoire. Named Calao, the site represents a significant addition to the country’s oil reserves, second only to the Baleine field discovered by Eni in September 2021. Exploratory drilling revealed the presence of light oil, gas, and condensates across various intervals of Cenomanian age, characterized by promising permeability values.

Leverage technology for oil and gas upstream – PS Liban

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

The Principal Secretary State Department for Petroleum Mohamed Liban has lauded the pivotal role played by the Geographical Information System tool (GIS) in addressing the challenges encountered during the exploration of natural resources.

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding an estimated 14 billion barrels of oil equivalent (boe) of resources.

Nigeria oil margins hit $37 a barrel as Brent Crude sell for $85 a barrel

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward trend that began last week when prices surged by almost 4% on the belief that supply was contracting and the possibility of additional attacks on Russian energy infrastructure was raising concerns

Kazakhstan extends ban on liquefied petroleum gas export

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Kazakhstan extends the ban on export of liquefied petroleum gas for six more months, Kazinform News Agency reports.

Occidental Petroleum Co. (NYSE:OXY) Shares Bought by Modera Wealth Management LLC

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Modera Wealth Management LLC lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY – Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,470 shares of the oil and gas producer’s stock after purchasing an additional 788 shares during the quarter. Modera Wealth Management LLC’s holdings in Occidental Petroleum were worth $809,000 as of its most recent filing with the Securities and Exchange Commiss

Romania delays adoption of energy and climate plan, casts doubt on renewable targets

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said on Thursday.

Namibia: Sintana Energy provides PEL 83 exploration campaign update – new significant light oil discovery and successful appraisal at Mopane-2X

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Sintana Energy has provided an update regarding the ongoing exploration campaign on Blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions.

Subsea7 wins ‘large’ contract for Woodside’s deepwater oil field

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Subsea7 has secured what it describes as a “large” contract with Woodside Energy to deliver subsea installation services for a deepwater oil project in the Gulf of Mexico.

Azerbaijan saves EU from energy crisis, former Deputy PM of Romania

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | March 19, 2024 | Comment off

Azerbaijan saved the EU from the energy crisis, former Deputy Prime Minister of Romania Ana Birchall said at the XI Global Baku Forum, Azernews reports.

“As we approach the election in the European Union, it’s fair to remind my colleagues and friends from the EU that during the energy crisis, President Ilham Aliyev actually helped our region,” she noted.