offshore drilling contractor Diamond Offshore has executed a two-year contract extension for one of its rigs with Occidental subsidiary, Anadarko Petroleum, in the US Gulf of Mexico.
:Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
Oil prices steadied on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand.
Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas, and ExxonMobil Exploration and Production Suriname, an affiliate of the U.S. oil major ExxonMobil, have made another hydrocarbon discovery at an exploration well in Block 52 offshore Suriname.
Offshore wind is a crucial part of California’s transition to a clean energy future, bringing significant benefits like cleaner air and economic opportunities.
Africa Oil has issued updates on its E&P activities offshore southern and western Africa in its latest results statement.
According to Angola’s National Oil, Gas and Biofuels Agency (ANPG), ExxonMobil has made an oil discovery in the Likembe-01 exploration well offshore Angola, in partnership with Azule Energy, Equinor and Sonangol.
Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.
There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries.
Africa-focused producer has increased access to oil price upside for the remainder of this year and next, it said in trading update