This week, Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, “more than offset significantly higher U.S. supply.”
The total number of active drilling rigs in the United States fell by 11 this week, after seeing a brief 9-rig rise last week, according to new data from Baker Hughes published Friday.
Russia is set to generate higher revenues from oil exports this year despite the price cap imposed on the country by the G7 and EU in response to the country’s invasion of Ukraine.
Key operating International Oil Companies (IOCs), in Nigeria are considering investing over $55 billion in various oil and gas activities up to 2030 in a renewed interest in the country’s energy sector.
Presently, energy investments totalling $13 billion have been successfully attracted
The Norwegian Petroleum Directorate (NPD) and the country’s Petroleum Safety Authority (PSA) will be renamed at the beginning of next year.
Africa-focused independent Tullow Oil is hoping to generate $800 million cash flow in the next two years on the back of an improved business model and a recent production boost from a key African asset.
GEORGETOWN, Sept 13 (Reuters) – Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil (XOM.N) and TotalEnergies (TTEF.PA), according to the government and documents seen by Reuters.
The Federal Government, on Wednesday, announced that it issued letters of award to 42 firms for the 2022 Nigerian Gas Flare Commercialisation Programme.
On 31 August 2023 Global announced that it had raised £250,000 in aggregate before costs through the placing of 250,000,000 Ordinary Shares at a placing price of 0.1 pence per share.