The April edition of the IEA’s Oil Market Report is exceptionally provided free of charge in an abridged format.
The United Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing a heavy blow to the oil-exporting groups at a time when the US-Israel war on Iran has caused a historic energy shock and rattled the global economy.
Ghana’s crude oil production has extended its downward trajectory for a sixth consecutive year, underscoring deepening structural and operational challenges within the country’s upstream petroleum sector.
Camuzzi Gas Inversora has signed a memorandum of understanding (MoU) with Vitol regarding its LNG del Plata project in Argentina, under which the commodity trading company may purchase the facility’s entire output and consider taking an equity stake.
Senegal’s state-owned oil company Petrosen has taken full control of the Yakaar-Teranga gas project following the withdrawal of U.S.-based Kosmos Energy.
The newly appointed INEDs bring a wealth of experience and expertise to enhance the Company’s governance framework and to comply with the previously announced requirements of the refinancing transaction.
Eni Ghana, together with its OCTP partners – Vitol Upstream Ghana Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) – has launched today a livelihood enhancement program to strengthen artisanal canoe fishing, targeting over 1,000 verified canoe owners across 14 coastal districts and municipal assemblies in Ghana. These include Jomoro, Ellembelle, Nzema East, Ahanta West, Sekondi-Takoradi, Shama, Effutu, Gomoa East, Gomoa West, Mfantseman, Cape Coast, Abura-Asebu-Kwamankese, Komenda-Edina-Abrem and Ekumfi.
Higher oil prices drove the first-quarter adjusted earnings at ExxonMobil (NYSE: XOM) above the analyst estimates as the jump in prices more than offset lower oil and gas production in the Middle East and Kazakhstan.
Russia’s Black Sea port of Tuapse was targeted and hit by a new Ukrainian drone strike early on Friday, in the fourth attack on the port in just one week as Ukraine looks to limit Russia’s oil exports and revenues amid soaring crude prices.
The U.S. Environmental Protection Agency has clarified federal regulations to allow limited routine flaring of associated gas at new oil wells under certain conditions beyond the 2026 phaseout deadline.