Nigerian regulators are expected to approve Exxon Mobil Corp.’s $1.3 billion sale of its oil and gas assets to Seplat Energy Plc within the next four months.
Egypt’s petroleum ministry on Tuesday announced an international tender seeking bids for natural gas and crude oil exploration in the Mediterranean Sea and the Nile delta, 10 offshore blocks and two onshore blocks.
Namibia has been advised to use oil revenue to invest in other sectors of the economy to diversify income streams.
Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian basin as the company focuses on growing shale production after buying Pioneer Natural Resources Co. earlier this year.
South American nations are increasingly realigning energy strategies to capitalize on offshore oil and gas reserves, signaling a marked shift from previously stated goals of reducing dependence on fossil fuels to satisfy the net zero agenda of those obsessed with a faux climate emergency.
China National Petroleum Corporation (CNPC) and its listed company PetroChina are looking to buy oil and gas exploration and production assets and LNG opportunities globally in what could be a revival of deal-making for the Chinese state giant after two decades.
QatarEnergy will supply three million tonnes of liquefied natural gas (LNG) a year under the deal, the Kuwait Petroleum Corporation (KPC) said in a statement.
Africa Oil has signed a call and put option agreement with three shareholders in Impact Oil and Gas to purchase a material 7.0% interest in Impact (‘Option Agreement’). If exercised, the Option Agreement will increase Africa Oil’s Impact shareholding to 39.5%.
An Exxon Mobil (XOM.N), opens new tab consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
Output had fallen to between 400,000 and 500,000 barrels per day from July 2 through the end of the month, government data showed, a sign that planned work on the floating production storage and offloading (FPSO) facilities had begun.
Petrobras on the hunt for shale gas deals in Argentina’s prolific Vaca Muerta to increase production
Brazil’s state-controlled oil and gas producer Petroleo Brasileiro SA (Petrobras) is hunting for shale gas deals in Argentina as part of a bigger plan to increase supplies of the fuel to spur industrial growth, according to people familiar with the strategy.