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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

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Ghanaโ€™s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022. million barrels on behalf of the state.

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Global companies eye more US investment as Trump touts energy dominance

Oil & Gas 360ยบ

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. The UAE is a member of the Organization of the Petroleum Exporting Countries. Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. million bpd.

Energy 130
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Oil drops for third day on OPEC+ output increase, Trump tariffs

Oil & Gas 360ยบ

a barrel by 1408 GMT. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices. a barrel by 1408 GMT. Brent futures fell $1.47, or 2.1%, to $69.57

Oil 130
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US energy chief to seek $20 billion to refill oil reserve, Bloomberg reports

Oil & Gas 360ยบ

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. The estimated $20 billion would only be enough to buy about 301 million barrels of U.S.

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President Trumpโ€™s Inflation Fight Hits Early Snags: is this Drill, Baby, Stumble?

Crude Oil Futures

per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter. in June 2022, before cooling to 2.9% In 2022, President Biden faced similar resistance during a meeting with Crown Prince Mohammed bin Salman.