Norway’s upstream oil and gas regulator is courting companies to reevaluate the Gro natural gas discovery, drilled by Shell PLC and later relinquished by Equinor ASA, in the Norwegian Sea.
Two fully laden Chinese oil tankers are waiting near the Strait of Hormuz with a third on its way, putting them in a position to become the first such vessels to leave the Persian Gulf under a day-old US-Iran ceasefire, even as shipowners scrutinize the details of the truce.
Oil and natural gas prices dropped sharply after the U.S. and Iran agreed to a two-week ceasefire aimed at halting the six-week conflict, though uncertainty persists over the timing of resumed flows through the Strait of Hormuz.
ONE-Dyas has started production from a second well at its N05-A platform in the North Sea, increasing total output at the site to approximately 1 billion cubic meters (Bcm) per year.
Oregen Energy has signed a letter of intent to evaluate an equity investment in Petrovena Energy and grow its footprint in Namibia’s Orange Basin, Oregen announced on Tuesday.
Libya’s National Oil Corporation (NOC) has made new oil and gas discoveries with Eni, Repsol and Sonatrach in the country’s offshore and onshore basins, NOC announced in separate statements on Wednesday.
The Nigerian National Petroleum Company (NNPC) Limited has launched exports of Nigeria’s new Cawthorne crude grade with a first cargo bound for the Netherlands, NNPCL announced on Wednesday.
The American oil conglomerate, ExxonMobil, recently stated that it is nearing a $10 billion foreign investment decision with Africa’s largest oil producer, Nigeria.
The Public Interest and Accountability Committee has raised serious concerns over missing petroleum revenue, revealing that Explorco, a subsidiary of the Ghana National Petroleum Corporation, failed to account for US$561,648,785.37 owed to the Republic of Ghana between 2022 and 2024.
Premiums for Canadian light crude grades have surged to record levels as US west coast refiners look to neighbouring Canada for supplies amid tightening global availability of medium sour crude, Argus reported on Tuesday.