The Trump administration has ordered the restart of offshore oil production at California’s Santa Ynez Unit and the associated Santa Ynez Pipeline System, directing operator Sable Offshore Corp. to restore operations in an effort to strengthen domestic crude supply on the U.S. West Coast.
The U.S. Energy Department reiterated Sunday that a planned 172-million-barrel release of oil from the country’s Strategic Petroleum Reserve would be structured as an exchange.
Oil prices are poised to extend their recent gains as global markets open Monday, amid the third week of the U.S.-Israel conflict against Iran, which has put key oil infrastructure at risk and kept the Strait of Hormuz closed, creating the largest disruption to global oil supplies in decades.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to channel gains from the current surge in global oil prices into investments in Nigeria’s gas infrastructure.
Former Power Minister, Dr. Kwabena Donkor, is urging Ghana to establish strong financial safeguards before supplying locally produced crude oil to domestic refineries, warning that the country must avoid repeating past payment challenges that left state institutions exposed. Dr. Donkor says linki…
Argentina’s Transportadora de Gas del Sur (TGS) has said it will invest USD 3 billion in a new NGL project in Vaca Muerta to support shale development and lift exports, Reuters reported on Wednesday.
Equinor is preparing to begin drilling operations for the Rosebank field development west of Shetland, marking a key milestone for one of the UK Continental Shelf’s largest undeveloped oil and gas projects.
London-based oil and gas player Energean has taken the first step in its strategy to expand its operations into West Africa by acquiring stakes in two blocks off the coast of Angola from the U.S.-headquartered energy giant Chevron.
In an effort to stem a global oil rally that is driving up gas prices, the Trump administration is taking part in a record‑breaking, multinational release of oil from its strategic stockpiles.
The government of Nigeria has approved a fiscal incentive package to accelerate progress towards a positive FID on the Bonga Southwest Aparo (BSWA) deepwater project, the Nigerian National Petroleum Corporation (NNPC) announced on Tuesday.