The U.S. Energy Information Administration (EIA) raised its Brent oil price forecasts for 2024 and 2025 in its latest short term energy outlook (STEO), which was released this week
Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area offshore Norway on July 7, 2024.
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company’s oil and gas operations on the Fort Berthold Indian Reservation in North Dakota.
CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras.
SapuraOMV Upstream Sdn. Bhd., the operator of the Jerun field in Malaysia, announced that first gas has been achieved. Shell plc has a 30% equity stake in the field, through its Malaysian subsidiary, Sarawak Shell Berhad, and made a final investment decision on the development in 2021
The Nigerian government has reached an agreement with international oil companies, paving the way for the sale of crude oil to domestic refiners at market prices.
South Africa’s industrial gas users are planning to form a company that will ensure supply after the sole provider of the fuel said it will halt the flow in 2026.
Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July.
Planned FIDs on new offshore gas projects in Southeast Asia could lead to $100 billion of investments, according to Rystad Energy.
Key global energy companies including Vitol, Africa Oil Corp and ERHC Energy Inc. are ready to present Africa’s premier energy sector opportunities at the Invest in African Energy reception in London organised by the African Energy Chamber (AEC).