Ghana is positioning itself as West Africa’s gas trading hub, with more than $3.5 billion committed to address a supply gap that imports from Nigeria alone cannot close.
Nobody, especially not Iraq, wants to be caught relying on Hormuz ever again. Iraq is preparing to export crude oil and naphtha through Syria’s Mediterranean port of Baniyas, expanding an emergency workaround that emerged after the closure of the Strait of Hormuz disrupted the country’s primary export routes and left storage tanks filling up. According […]
Qatar is calling back empty LNG carriers in preparation for the restart of exports despite ongoing repairs at the Ras Laffan complex, and an explosion that rocked the facility on Sunday. Three carriers for liquefied gas owned by QatarEnergy are heading towards the entrance to the Strait of Hormuz from the Gulf of Oman, Bloomberg reported, citing shipping […]
Equinor and partners Petoro, Shell, TotalEnergies and ConocoPhillips have approved an investment of approximately USD 410 million in a new subsea development to increase gas production from the Troll field in the North Sea, Equinor announced on Friday. The Troll West Increased gas recovery North (TWIN) project is expected to add approximately 11 bcm (388.5 bcf) of gas production […]
Adura has submitted responses to requests for additional information from the UK’s Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) for the Jackdaw and Rosebank developments, moving the projects another step closer to receiving final approvals before production can begin. The company said both North Sea developments are at an advanced stage of construction and development, with more […]
Valeura Energy has completed an eight-well drilling campaign at its Nong Yao field in the Gulf of Thailand, increasing production while successfully drilling the company’s first multi-lateral development well. The program, conducted on the Nong Yao field in Block G11/48, included one appraisal well and seven horizontal development wells drilled from the Nong Yao A and Nong […]
Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal with Washington on Wednesday. A total of 11 tankers hauling a combined 20 MMbbl were detected leaving the Iranian port of Chabahar on the Gulf of […]
Texas’ upstream oil and natural gas sector added 4,100 jobs in May, according to the latest workforce analysis from the Texas Independent Producers and Royalty Owners Association (TIPRO), reflecting continued strength in the state’s energy industry despite ongoing volatility in global markets. Citing data from the U.S. Bureau of Labor Statistics, TIPRO reported that upstream employment increased […]
Millions of barrels of crude oil continued moving through the Strait of Hormuz over the weekend despite Iran’s announcement that it had closed the critical waterway, highlighting growing uncertainty over the actual status of the world’s most important oil transit route. Vessel-tracking data showed several laden supertankers transiting Hormuz on Saturday and Sunday, carrying crude […]
Ivory Coast is strengthening its position as one of West Africa’s fastest-growing upstream oil and gas markets, with major offshore developments advancing, new drilling campaigns planned and efforts underway to expand access to project financing across the continent. During a high-level meeting in Abidjan this week, officials from the African Energy Chamber (AEC) and Ivory […]