New data shows the oil and gas industry’s contract value saw a “significant” rise Q2 2023, mainly driven by work on Qatar’s North Field South (NFS) project.
The Association of the Petroleum Industry of Kurdistan, which represents companies including DNO, Genel Energy, Gulf Keystone Petroleum, HKN Energy and ShaMaran Petroleum, have called on Baghdad and Erbil governments to honor their contractual rights amid talks to draft a new oil and gas bill.
Nigeria’s crude oil output slumped to a three-month low data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and Organization of Petroleum Exporting Countries (OPEC) reveals.
Amidst a prevailing backdrop of bearish sentiments for many commodity markets throughout this year, there has been an expectation of a resurgent Chinese economy to kickstart another demand cycle and boost prices. However, China’s latest economic indicators to be published cast doubt upon the realization of this much-anticipated revival. In this week’s article, we will look at this latest round of data, the current implications on commodity prices and how this situation may develop in the near future.
Crude oil prices slid in midmorning Asian trade on Monday as China’s economic recovery continues to disappoint while the U.S. dollar strengthens.
The vice-president of Guyana, Bharrat Jagdeo, has declared that his country is committed to building stronger ties with Ghana, especially in the hydrocarbons sector, for the mutual benefit of the two peoples of Ghana and Guyana.
The Auditor General has disclosed that the failure to impose penalties on oil companies for delayed payment of surface rental has resulted in a loss of more than $8.3 million in revenue.
Independent oil and gas producer Azule Energy has awarded two subsea contracts for works associated with the Ndungu oilfield development, located 130km offshore Angola.
Kosmos Energy Ltd on Monday said revenue tumbled in the second quarter due to lower oil prices
North Sea oil and gas drilling will do little to stop global reliance on Russian energy, says expert
The UK has cited Russia’s power over global energy supply as a justification for expanding oil and gas drilling in the North Sea, but the plans may do little to dent Moscow’s fossil fuel exports.