A jump in China’s crude oil imports from Russia is more than compensating the withdrawal of the Indian refiners from spot Russian purchases, according to tanker-tracking data
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether they have enough high-quality barrels to avoid production decline in the 2030s.
Europe is on track to break its previous record for monthly LNG imports in February, with Kpler forecasting a total of 14.20 million tons amid fast-depleting gas inventories.
Canada’s oil patch is ripe for a mega merger, analysts say, after a bumper year for deals has left relatively few smaller targets available.
ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter.
Oil company Tullow Oil has today announced a broad capital revamp and a series of deals to deepen its presence in West Africa, as the heavily indebted firm moves to steady its operations and secure longer-term growth.
Africa-focused independent oil and gas firm Tullow Oil has signed a sale and purchase agreement to acquire the floating production, storage and offloading (FPSO) vessel serving the TEN fields on the Deepwater Tano Block offshore Ghana, in a move aimed at reducing costs and improving long-term field economics.
Ghana has formally initiated international arbitration proceedings to resolve its longstanding maritime boundary dispute with neighbouring Togo, signaling a shift from diplomatic negotiations to legal adjudication under international law
Ghana’s Parliament on Thursday ratified a Memorandum of Understanding covering the West Cape Three Points (WCTP) and Deepwater Tano (DWT) blocks, extending the agreements to December 31, 2040, despite objections raised by the Minority.
India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained US pressure to reduce purchases of Russian barrels. Shipments from Saudi Arabia are set to rise to 1 million to 1.1 million barrels a day, the highest since November 2019, […]