Angola’s largest private oil company, Etu Energias, will hold an IPO in 2026, the company’s CEO Edson R. dos Santos stated last Wednesday.
The new licensing round is intended to attract investors into the Liberia hydrocarbon industry and boost investment in the sector.
WorldStage Newsonline– President Bola Tinubu has arrived Malabo, the capital of Equatorial Guinea, for a three-day official visit, which will include signing of petroleum resources, security agreement.
The U.S. federal government is considering ways of squeezing Iranian oil exports amid heightened Middle East tension following Tehran’s vow to avenge the death of Hamas leader Ismail Haniyeh.
Colombia’s state-controlled oil company Ecopetrol reported a net income for the second quarter that was down by 17.4% compared to the same period of 2023, due to external factors in variable market conditions.
Oil prices rose sharply after the American Petroleum Institute reported a significant drop in US oil inventories.
Lower-than-expected producer price inflation boosted hopes for a Federal Reserve rate cut.
Oil prices had been under pressure before the API report, with the IEA and OPEC warning of slowing demand next year.
New technology is unlocking new fields – and the wider world is buying, if not the West
Shell has signed a long-term engineering and procurement framework agreement with L&T Technology Services (LTTS), a subsidiary of Indian multinational EPC giant Larsen & Toubro, LTTS announced on Tuesday.
Impact Oil & Gas Limited has announced that its wholly-owned subsidiary, Impact Africa Ltd, has entered into an agreement with Silver Wave Energy to acquire its entire interest (10%) in Area 2, offshore South Africa.
Some stakeholders within the ruling All Progressives Congress (APC), under the aegis of the Tinubu Legacy Coalition (TLC), have called on President Bola Tinubu to remove the heads of the nation’s oil and gas regulatory agencies over alleged failure to effectively manage the sector.