QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname.
Once seen as a potential solution to Nigeria’s reliance on fuel imports, the refinery’s development has been plagued by uncertainty, leading to questions about its ability to meet the country’s energy needs.
The Sh258 million paid to the Turkana county government was a settlement for accrued levies chargeable under the devolved unit’s Finance Act, Tullow Oil Company has said.
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday.
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (“NAM”), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (“NOBV”) for $246 million.
The Dangote Refinery said it is seeking crude oil import from Libya and Angola amid a supply challenge in Nigeria.
President Bola Tinubu on Friday in Abuja commended international energy company, ENI, for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investment destination.
Independent energy company Tullow Oil has plans to increase oil production at active fields in Ghana and Gabon in 2024 and is preparing to conduct exploratory drilling in Ivory Coast in 2025. Committed to developing oil and gas in Africa in a responsible manner, the company’s asset portfolio across the continent not only contributes to fuel security but creates economic opportunities for host communities. Tullow Oil’s CEO’s Rahul Dhir will speak at this year’s African Energy Week (AEW): Invest in African Energy conference – Africa’s largest energy event taking place from November 4-8 in Cape Town.
The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.
The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.