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Congolese National Oil Company (SNPC) Heads Towards A Strategic Partnership With Kazmunaygas

A delegation from Société Nationale des Pétroles du Congo (SNPC), the Congolese national oil company, led by its Managing Director Mr. Maixent Raoul OMINGA, made a working visit to Astana, capital of the Republic of Kazakhstan, where they held discussions with Mr. Ashat KHASSENOV, Chairman of the Board of Directors of Kazakhstan’s national oil and gas company, KMG (KazMunayGas).

U.S. Crude Is Dominating Global Oil Markets

Surging U.S. crude exports, particularly WTI Midland, have dominated global markets, with record export volumes and a significant portion being sent to Europe.
The addition of WTI Midland has provided benefits for U.S. producers by allowing forward sales and reducing pricing risk.
According to data from ship tracker Kpler, WTI Midland exports hit a record at 2.94 million bpd in December.

TotalEnergies Sells Its Subsidiary in Brunei

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. The transaction is expected to close in the fourth quarter 2024.