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Vitesse Energy completes $222 million acquisition of Lucero Energy

Oil & Gas 360ยบ

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4

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Oil price, Diversified Energy Company, Corcel. And finallyโ€ฆ

Malcolm Graham Wood

Oil is down a down a dollar today as tariffs and politics create pressure and uncertainty. Today DEC complete the Summit deal and unveil a creative and hugely oversubscribed securitisation. The post Oil price, Diversified Energy Company, Corcel. And Corcel has announced another stake in the company of 4.5% by Daniel Kaufman.

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Africa Oil Expects to Complete Reorganization This Month

Rigzone: News

Africa Oil Corp. expects to complete the full takeover of Prime, a 50-50 venture with BTG Oil & Gas, in March, earlier than the third quarter as initially expected.

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FM Conway Expands Use of Hydrotreated Vegetable Oil

NGT News

United Kingdom-based civil engineering contractor FM Conway has extended its use of hydrotreated vegetable oil (HVO) in its local and strategic highways operations, shifting away from diesel in its work to achieve net zero. HVO is a synthetic biofuel made from re-used cooking oils and is completely fossil-free.

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NIGERIA: Savannah Energy Completes Acquisition of SIPEC

Oil News Africa

Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah Energy Completes Acquisition of SIPEC appeared first on oilnewsafrica.

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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.

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

For the second successive session this week oil prices have slid further and faster. Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

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