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

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

E&P 130
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Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360ยบ

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Exxon plans a final investment decision for Longtail in 2026 and could start up the project by 2029.

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More Pain for UK Oil and Gas: British Government Extends Windfall Tax In Yet Another Blow To UKโ€™s Homegrown Energy Industry

Energy Central

Last Wednesday, UK Chancellor of the Exchequer Jeremy Hunt announced that the windfall tax on UK oil and gas firms will remain in place for another five years, until March 2029. The levy, which has already driven away investment and reduced production in the North Sea, was previously set to end in 2028.

Oil 40
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Iraq Agrees to 80% Debt Reduction for Mozambique

Iraq Business News: Oil & Gas

Iraq has agreed to forgive 80% of Mozambique's bilateral debt, with the remaining 20% restructured over 15 years, following a four-year grace period (2029-2043). million was incurred in 1979-1980 for oil supply agreements but had grown in the meantime to $320.16 The original debt of $60.26 Under the agreement, $256.13

Finance 52
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Profits or Planet? BPโ€™s โ€˜New Beginningโ€™: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

Oil 40
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Petrobras y Ecopetrol concluyen pruebas de actividad de gas offshore en pozo Sirius-2

Oil & Gas Magazine

A inicios de diciembre se anunci que la inversin del consorcio sera de 4 mil 100 millones de dlares, de los cuales 1 mil 200 mdd seran para la fase de exploracin entre 2025 y 2029 en el contrato GuaOff-0, y 2 mil 900 mdd para la fase de desarrollo de produccin.

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Petrobras y Ecopetrol concluyen pruebas de actividad de gas offshore en pozo Sirius-2

Oil & Gas Magazine

A inicios de diciembre se anunci que la inversin del consorcio sera de 4 mil 100 millones de dlares, de los cuales 1 mil 200 mdd seran para la fase de exploracin entre 2025 y 2029 en el contrato GuaOff-0, y 2 mil 900 mdd para la fase de desarrollo de produccin.