nigerian Oil Sector Undergoes Change as Local Firms Gain Ground After Asset Sales Table of Contents nigerian Oil Sector Undergoes Change as Local Firms Gain Ground After Asset Sales Local Companies Take the Lead in Oil Production Driving Forces Behind the Divestment of Assets Key transactions in 2024 Highlight the Shift nigeria’s Ambitious Production Goals … Read more
Navigating New Horizons: The Strategic Impact of the Hungary-Serbia Oil Pipeline on Energy Security In an era defined by energy independence and geopolitical maneuvering, the newly announced hungary-Serbia oil pipeline represents a notable strategic investment aimed at enhancing energy security for both nations. The project, announced last week, involves approximately 180 kilometers of pipeline in … Read more
PetroGulf Egypt Achieves Record Production, Unveils Ambitious Plans for 2025 PetroGulf Egypt, a leading player in the Egyptian petroleum sector, has announced a meaningful milestone in its operations. The company’s production has surged to 22.5 thousand barrels of crude oil per day from its fields in the Gulf of Suez, marking a remarkable achievement in … Read more
BP International Accelerates Gas Production in the Mediterranean with New Raven Field Wells BP International has taken a critically important leap forward in its mediterranean operations, completing the drilling of two new wells in the Raven gas field. Utilizing the state-of-the-art “Volaris D. S12” drilling ship, the company has successfully advanced its offshore drilling efforts, … Read more
Russia and Ukraine Reject Gas Transit Deal, Sparking European Energy Crisis Table of Contents Russia and Ukraine Reject Gas Transit Deal, Sparking European Energy Crisis Russia-Ukraine Transit Deal Collapse: Europe Faces Winter Energy Crunch Understanding the Breakdown Immediate Impact on Energy Markets Securing Alternative Supplies Broader Geopolitical Implications The end of a crucial gas transit … Read more
British energy company BP has given the green light to its sixth oilfield, Kaskida, in the Gulf of Mexico, in the United States, with oil production set to begin in 2029. The new facility will feature a floating production platform capable of producing 80,000 barrels of crude oil a day from six wells in the … Read more
Washington. The administration of President Joe Biden on Monday prolonged the license authorizing sure liquefied petroleum gasoline export transactions to Venezuela, the U.S. Treasury Division reported. The Workplace of International Property Management (OFAC), which is a part of this division, will enable “all transactions associated to the export or re-export, direct or oblique, of liquefied … Read more
CaracasVenezuelan President Nicolas Maduro introduced on Monday that he would resume talks with the US on Wednesday, practically three months after Washington reinstated sanctions towards the oil sector and fewer than a month after the Venezuelan presidential election. “Subsequent Wednesday, talks with the US will resume to make sure compliance with the agreements signed in … Read more
Mexico Metropolis. Income on the Deer Park, Texas, refinery have soared after Petroleos Mexicanos (Pemex) purchased your complete advanced and are the best they’ve been in 16 years, in keeping with firm figures. In January 2022, the corporate bought your complete Deer Park in a transaction for 594 million {dollars} and that very same 12 … Read more
NY. Oil costs fell this Thursday to their lowest degree since February, as indicators of energy in financial exercise in the US counsel greater rates of interest for longer, elevating considerations about demand progress within the largest crude oil market on the planet. Crude oil costs fell for the fourth consecutive session, main Brent, the … Read more