Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mackenzie.
Foreign oil companies in Venezuela are concerned they won’t get licenses from the US in time to allow them to operate after May 31.
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday.
The need to grow capacity for indigenous oil and gas firms have, over the years, dominated conversations at various oil and gas conferences.
The Nigerian National Petroleum Co. Ltd. (NNPC) recently resumed production from the Awoba field and initiated oil production from the Madu field after facing challenges that led to shutdowns. The Awoba field, located in Rivers State, is expected to reach a production plateau of 12,000 barrels per day, significantly enhancing the country’s gas supply.
offshore drilling contractor Diamond Offshore has executed a two-year contract extension for one of its rigs with Occidental subsidiary, Anadarko Petroleum, in the US Gulf of Mexico.
Oil prices steadied on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand.
Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas, and ExxonMobil Exploration and Production Suriname, an affiliate of the U.S. oil major ExxonMobil, have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.
Offshore wind is a crucial part of California’s transition to a clean energy future, bringing significant benefits like cleaner air and economic opportunities.
According to Angola’s National Oil, Gas and Biofuels Agency (ANPG), ExxonMobil has made an oil discovery in the Likembe-01 exploration well offshore Angola, in partnership with Azule Energy, Equinor and Sonangol.