Output fell to 8.962 million barrels a day last month, the people said, asking not to be identified because the information isn’t public. That’s 16,000 barrels a day below Russia’s target under the OPEC+ supply agreement.
Tough US sanctions on Russian oil are allowing the biggest Middle Eastern producers to raise prices for their main market by the most in years, and may help bring in additional petrodollars to meet crucial funding needs.
This strategically significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS), reinforcing its track record as a trusted specialist in critical equipment for liquefied gas.
Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia.
Kosmos Energy has announced that first liquified natural gas (LNG) production has been achieved at the bp-operated Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania & Senegal.
Bluewater, a specialist energy private equity firm, has signed a purchase agreement to sell Apex International Energy, an independent E&P company focused on the prolific Egyptian upstream market.
Energy stakeholders from Ghana and Nigeria convened at the Kempinski Hotel in Accra for a high-level engagement meeting last Friday.
This was initiated at the request of Nigeria’s Minister of State for Petroleum Resources, Ekperipe Ekpo.
Outlooks for liquefied natural gas markets have been extremely bullish in recent months thanks to the one-two punch of Europe’s open-arms embrace of any form of fuel that can’t be traced back to the Kremlin and the United States’ new petro-philic administration change.
Norway’s Equinor has become the latest energy company to stem its green growth plans as the backlash against renewables continues.
The U.K.’s controversial Rosebank oilfield, which was approved for development in the North Atlantic in September 2023, by the former Conservative government, has faced severe delays as environmentalists battled to block the development.