Blog

Trump revokes permits for U.S., foreign oil firms in Venezuela

(Bloomberg) – The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the […]

PETROAN’s BOT Chairman Obasi Lawson freed after kidnap ordeal

*PETROAN’s BOT Chairman Obasi Lawson. Mkpoikana Udoma Port Harcourt — Chief Obasi Lawson, Chairman of the Board of Trustees of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, and CEO of Sobaz Group […]

Subsea7 awarded contract for Equinor CCS project, offshore Norway

Subsea 7 S.A. today announced the award of a sizeable1 contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of […]

Oil prices climb 2% to 5-week high on Russia, Iran supply worries

*Global oil flow. London — Oil prices climbed about 2% to a five-week high on Monday on worries supplies could decline if U.S. President Donald Trump follows through on threats to impose more tariffs on […]

Nigeria loses N378bn to gas flaring in two months

*A reflection of two gas flaring furnaces is seen in the pool of oil-smeared water at a flow station in Ughelli, Delta State, Nigeria. Michael Eboh Dublin, Ireland — Nigeria lost $248.4 million, about N377.568 […]

Latest TIPRO report shows continued growth for Texas upstream employment

Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in upstream […]

News

African NOCs advance oil and gas projects through diverse financing strategies

African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, […]

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