Chevron Nigeria’s recently announced discovery of 690feet gross hydrocarbon pay consists of lots of gas and a thin oil rim, the Africa Oil+Gas Report has learned.
Light crude from the U.S. has been winning over customers globally with its low sulfur content and refining qualities similar to other light grades from the North Sea and Africa.
If Permian crude gets lighter than it is right now, refiners may have to use heavier grades to blend it.
Chances are that crude pumped from the Permian could become increasingly lighter as output continues to rise to record highs and drillers are moving to lower-quality locations with more associated natural gas at wells.
U.S. offshore drilling contractor Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as offshore oil exploration is once again on the rise.
SEFE to purchase up to nine billion cubic metres of natural gas from ConocoPhillips over the next ten years
Agreement further strengthens security of energy supply for Germany and Europe
SEFE CCO Frederic Barnaud: “This agreement is an important milestone in pursuing our ambition to diversify our natural gas portfolio.”
BP has completed a seismic campaign at a key Trinidad-Venezuela cross-border gasfield, the Trinidad and Tobago energy ministry said on Monday.
Springfield E&P, a wholly Ghanaian company and major player in the oil and gas industry, says work has commenced on the appraisal of its Afina field to test the flow of oil in the reservoir and obtain the well productivity data.
Dominion Energy Inc. has closed the sale of a 50 percent non-controlling interest in the Coastal Virginia Offshore Wind (CWOW) project to Stonepeak.
TGS easily beats estimates, cheers favourable ratings upgrades to reduce the cost of capital
The Africa Centre for Energy Policy (ACEP), guided by its mandate to defend public interest and promote sound policy formulation in the energy and extractive sectors, has closely followed the developments in Ghana’s petroleum upstream sector.