Malaysia’s Petroliam Nasional Bhd (Petronas) and Italy’s Eni SpA on Monday announced a binding agreement to combine their assets in Indonesia and Malaysia into a company equally owned by the state-controlled oil and gas producers.
Hungary will deliver more oil products to Serbia, its foreign minister said Wednesday, ahead of a shutdown of the Balkan nation’s oil refinery, under US sanctions due to its majority-Russian ownership.
TotalEnergies EP Nigeria has completed the sale of its 12.5% non-operated interest in Nigeria’s OML 118 PSC to Shell Nigeria Exploration and Production and Nigerian Agip Exploration for a total consideration of USD 510 million, the companies announced on Tuesday.
The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has reaffirmed the commitment of the Nigerian Air Force (NAF) to partner with the Nigerian National Petroleum Company (NNPC) Limited in its renewed effort to protect critical oil and gas infrastructure vital to Nigeria’s economic stability.
Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.
A new report by KPMG and United Nations Development Programme (UNDP) has revealed that Ghana’s crude oil production has plummeted by almost half since its peak, posing significant risks to fiscal stability and energy sector revenues.
Crude oil demand is going to continue growing, but insufficient investment could tip fundamentals into imbalance, Russia’s Alexander Novak said today in Beijing.
Some Indian banks have started to consider financing Russian oil trades that involve only non-sanctioned entities and sanctions-compliant pricing and payments.
Indonesia looks to unlock its upstream potential by offering more than 100 previously untapped oil and gas basins to global investors for exploration.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 1.9 million barrels in the week ending November 21. Crude oil inventories gained 4.4 million barrels in the week prior.