There were indications that Nigeria has gotten close to meeting its 1.7 million barrels per day, bpd, 2024 budget target, yesterday, as oil output rose month-on-month, MoM, to 1.4 million barrels per day, bpd, excluding condensate, in August 2024, from 1.3 million bpd in July 2024, indicating an increase of 3.4 per cent.
The Nigerian National Petroleum Company Limited and its joint venture partner, Chevron Nigeria Ltd, have completed the conversion of five joint venture assets in compliance with the Petroleum Industry Act of 2021.
Crude oil exports from Libya’s major ports have been shut for a week in the latest case of major unrest in the country, an OPEC member that pumps about 1% of world oil output
Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has boosted its natural gas reserves with another discovery, which is said to mark the first major exploration breakthrough in ultra-deepwater carbonate rocks off the coast of China.
U.S. offshore oil and gas producers are evacuating staff and halting operations as Tropical Storm Francine looms, expected to become a Category 1 hurricane. The storm threatens significant disruption to production and export facilities, with potential impacts including heavy rainfall, power outages, and flash flooding in the Gulf region.
People are seen at a booth of a Chinese company during an oil expo in Baghdad, Iraq, on Sept. 9, 2024. Chinese energy firms are making a notable appearance at Iraq’s second International Exhibition and Conference for Oil Projects and Licensing Tours, which commenced in Baghdad on Monday, aiming to leverage opportunities in the country’s expanding energy sector. (Xinhua/Khalil Dawood)
Equinor and its partners have proven gas/condensate in development well 6406/2-L-2 H, 260 kilometres southwest of Brønnøysund.
Abu Dhabi’s ADNOC has signed a long-term deal for the 1-million-tonne-per-year supply of LNG to Indian Oil, the emirate’s Media Office said on Monday.
Italy’s power utility Enel has become the latest international energy investor to scrap plans for participating in the energy transition of Vietnam.
State controlled MOL becomes first European company to follow Ukraine’s recommendation to start buying Russian crude on Ukraine’s eastern borders, relieving the country from direct transit deals with Russian suppliers