The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to boost Venezuela’s oil production under a deal worth $2 billion announced by President Trump earlier this month after the ousting of President Nicolas Maduro.
The European Union’s competition chief has warned against relying “too much” on US liquefied natural gas imports as the bloc looks to diversify its energy basket.
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Lukoil has approached the Russian government seeking changes to the oil tax formula as discounts on Russian crude exceed $20 per barrel, a level that would force producers to make net payments into the budget rather than receive compensation, according to The Moscow Times, citing Izvestia.
ConocoPhillips, TotalEnergies SE and Libya’s National Oil Corp (NOC) have signed an agreement extending the onshore Waha concessions to December 2050.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed the discovery of significant volumes of oil across multiple reservoir zones in the Awodi-07 well, located in the shallow offshore western Niger Delta.
Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Group Limited, has officially commissioned a US$15 million Compressed Natural Gas (CNG) facility in the Kpone Industrial Area of Ghana.
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has described recent developments in Ghana’s energy sector as transformational, following the signing of major gas supply agreements aimed at boosting production, lowering prices and stabilising energy supply.
The Ghana government says it is targeting an additional 10,000 barrels of crude oil per day, this year, as part of broader reforms to revive the country’s petroleum and energy sectors, Mr John Jinapor, the Minister of Energy and Green Transition, said on Tuesday.
Petrobras and its logistics arm Transpetro have signed new contracts worth about 2.8 billion reais (roughly $520 million) to build a fleet of gas carriers, barges and pushboats, advancing a major domestic shipbuilding push under Brazil’s Mar Aberto (Open Sea) Program.