Saudi Arabia has boosted its crude oil exports from Egypt’s Mediterranean port of Sidi Kerir by about 33% in the month since the Houthis threatened Saudi oil shipments in the southern Red Sea and the Bab el-Mandeb Strait, tanker-tracking data compiled by Bloomberg showed on Friday.
Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it.
Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 million bpd before the Iran war, Prime Minister Ali al-Zaidi said Friday.
ExxonMobil Holdings Corp. has told Kazakhstan that the country’s top oil field is already on the cusp of peak output and its production will slump sharply in the coming decade.
The UK government is reportedly considering investment in additional LNG import capacity as domestic North Sea production declines, prompting criticism from industry and business groups over the country’s offshore oil and gas policies.
Iran said it discovered more than 7.5 trillion cubic feet of natural gas, after months of war with the U.S. and Israel seriously disrupted its energy sector.
Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again.
DNO ASA, the Norwegian oil and gas operator, is selling its entire Côte d’Ivoire business to Panoro Energy ASA, a London-based E&P company. The deal comprises an indirect 9.09% interest in the Ivorian offshore Block CI-27, which DNO ASA holds through its subsidiary, DNO CI LLC.
Brazil’s state-run oil company, Petrobras (PETR3.SA), opens new tab, said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.The West African nation’s Ministry of Energy and Green Transition had approved its application to negotiate exploration contracts for four offshore blocks in the Keta Basin, Petrobras said.Sylvia Anjos, Petrobras’ […]
Venezuela signed oil-related contracts with two US companies as the government of the South American country seeks to attract investment and boost crude production, a report said.
Industry leaders discussed Venezuela’s oil and gas reserves, emphasizing the importance of international partnerships, technology, and infrastructure development to unlock resource potential to help meet future global energy demand. Venezuela used an energy industry gathering in Houston on Aug. 19 to promote investment opportunities for US oil and gas companies, independent operators, service companies, technology […]