Perenco has completed an enhanced oil recovery project at the Tchibouela East field offshore the Republic of the Congo.
The Public Interest and Accountability Committee (PIAC) has expressed concern over the continuous decline in Ghana’s crude oil production, warning that the country’s upstream petroleum sector risks collapse unless urgent steps are taken to reverse the trend. According to the committee, daily oil output has dropped significantly from over 120,000 barrels to less than 80,000 […]
Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s onshore Taranaki basin following a recent workover targeting bypassed pay in the Mount Messenger formation.
OPEC+ agreed to resume oil production increases at a slightly accelerated pace, even as conflict sparked by U.S.–Israeli strikes on Iran heightens risks to global crude flows.
The U.S. government is preparing to issue a general license allowing companies to pump oil in Venezuela, part of the Trump administration’s plan to ease sanctions and rebuild the nation’s moribund energy industry.
John Abdulai Jinapor, Minister of Energy and Green Transition, has expressed grave concern over the country’s declining oil production.
Nigeria’s national oil company is set to increase oil production to 2 million barrels daily over the next two years, its executive vice president for upstream said. By 2030, NNPC will be pumping 3 million barrels daily, Udy Ntia also said, as quoted by the News Agency of Nigeria.
Russia, which has previously pushed for restraint in supply boosts, favored an adjustment that would help to defend prices while Saudi Arabia — more mindful of market share — supported a larger addition, a delegate said prior to Sunday’s gathering.
President Jennifer Geerlings-Simons said in an interview she wants to find a way to push back debt payments until after the administration receives revenue from oil production in 2028, which may involve calling back the existing 2033 bond. She’s also considering a new program with the International Monetary Fund that would focus on strengthening institutions rather than austerity measures that she said harmed the economy in the past.
According to the National Agency for Petroleum, Gas and Biofuels, production rose to 1.03 million bpd in August from 998,757 bpd in July. The rebound aligns with Angola’s strategy to stabilize production near 1 million bpd, a threshold viewed as critical for maintaining investment momentum in the country’s upstream sector.