Eni SpA E commenced hydrocarbon production from the Baleine field offshore Cote d’Ivoire within two years of the commercial discovery
Eni Spa announced Wednesday that it bought back 4.2 million shares in the period between Aug. 21 and Aug. 24.
Oil and gas companies, Tullow Oil and BW Energy which have active operations in Gabon, have said there have been no disruptions to their oil production activities following the August 30 coup which occurred in Gabon, after the military took overpower from Ali Bongo, whose family has been in a “democratic” government for the last four decades.
Host Communities of Nigeria Producing Oil and Gas (HostCom), has challenged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to publish the list of defaulting oil and gas companies that have not complied with the Petroleum Industry Act (PIA), on host communities trust fund.
Engineering company TechnipFMC has been awarded a contract from oil and gas supermajor TotalEnergies to install flexible pipe and associated subsea structures for the Girassol Life Extension project, offshore Angola.
“OPEC’s output is still undershooting the targeted amount by almost 800,000 bpd mainly because Nigeria and Angola lack the capacity to pump as much as their agreed level.”
In Ghana’s asymmetrical inland sedimentary basin covering about 40% of its continental landmass, lies the Ghana National Petroleum Corporation (GNPC)s exploratory mission to find Ghana’s newest hydrocarbons reserve which has so far indicatively proven to wield great potential to replenish the country’s petroleum resource fields with projections setting drilling activities in 2024.
MUSCAT, August 31, 2023 – Oman LNG has signed term-sheet agreements with Shell and OQ for the supply of LNG, the LNG producer announced via social media on Wednesday.
NEW DELHI, August 31, 2023 – ONGC has set plans to spend USD 24.2 billion on clean energy projects under its drive to have net-zero carbon emissions by 2038, the company’s Chairman and CEO Arun Kumar Singh announced on Tuesday.
Earlier in the year, Wall Street was mostly bearish about the U.S. economic outlook with many warning of a looming recession. Not surprisingly, many oil punters expected oil demand to crash as unemployment rose and companies cut output thanks to aggregate demand falling.