Nigeria’s total oil production increased marginally by 1.45 per cent in May 2024 to 1.46 million barrels per day, up from 1.44 million barrels per day in April.
German oil and gas company Wintershall Dea has made a discovery of gas, condensate and oil in an exploration well next to the Vega field in the North Sea, using Transocean’s Transocean Norge semi-submersible rig.
Technip Energies, through its joint-venture TKJV LLP with KPSP, announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak oil and gas field onshore northwest Kazakhstan.
Recent discoveries fan the flames of African country’s hopes for triple oil production boost by 2027
While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire, is forecasting a threefold boost in its oil output over the next three years.
In a significant development towards transforming Ghana into a leading petroleum and petrochemical
hub in Africa, the Petroleum Hub Development Corporation (PHDC) has officially signed a US$12
billion agreement with TCP-UIC Consortium
The Iranian Oil Ministry has signed four contracts worth $2 billion, including agreements to develop two oil fields.
Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in broader markets.
The announcement confirmed a Reuters’ report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell in the coming days in a deal worth hundreds of millions of US dollars.
A decade after its peak, the oil and gas industry is welcoming a new investment boom, with exploration and production (E&P) activities heating up globally again.
A delegation from Société Nationale des Pétroles du Congo (SNPC), the Congolese national oil company, led by its Managing Director Mr. Maixent Raoul OMINGA, made a working visit to Astana, capital of the Republic of Kazakhstan, where they held discussions with Mr. Ashat KHASSENOV, Chairman of the Board of Directors of Kazakhstan’s national oil and gas company, KMG (KazMunayGas).