Africa Oil Corp (TSX:AOI) swung to a profit for the full year 2023 driven by income from its joint venture Prime Oil & Gas Coöperatief U.A.
Oil rebounded on Thursday, with Brent crude topping US$93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.
U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data, which date back to 1981.
The global energy industry is undergoing an unprecedented transition, bringing exciting new growth opportunities to the oil and gas (O&G) industry.
Democratic Republic of the Congo (DRC) Hydrocarbons Minister to Speak at Angola Oil & Gas (AOG) 2023
Libya’s Oil and Gas Minister Mohamed Aoun to Lead E&P Dialogue During African Energy Week (AEW) 2023
Following several disruptions to oil and gas activity in recent years, Libya’s energy sector is on the cusp of a transformation with new fields being brought online, production accelerating across key assets and upstream campaigns unlocking new finds in untapped acreage.
Global oil and gas spending for 2022 and 2023 has been revised upwards, with investment set to hit $1.1 trillion driven largely by energy security concerns following supply challenges caused by the Russian-Ukraine war, according to energy market intelligence firm Rystad Energy
Crude oil production worldwide fell to a seven-month low in January, dragged down by lower output in major producers Canada, Iraq, Russia, and Bahrain, data from the Joint Organizations Data Initiative (JODI) showed on Thursday.
(Reuters) – The Canadian Association of Petroleum Producers (CAPP) said on Wednesday it expects oil and natural gas investment in upstream production will reach C$40 billion ($29.4 billion) in 2023, surpassing pre-COVID levels
Tullow Oil has issued the a statement in advance of the Group’s 2022 Full Year Results scheduled for 8 March 2023.