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Shell reaches FID for deepwater project in Brazil’s pre-salt Santos Basin

Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato […]

Namibia unveils offshore drilling plans, new licensing opportunities

*Offshore Namibia. Johannesburg, South Africa — Namibia’s offshore oil and gas industry is set for significant growth in 2025, driven by new licensing opportunities and an uptick in drilling activities, Petroleum Commissioner Maggy Shino announced […]

Ekpo commissions Nigeria’s first modular LPG plant, 20MW power project in Rivers

*Ekperikpe Ekpo. Mkpoikana Udoma Port Harcourt — Nigeria’s drive for gas development received a major boost as the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, commissioned the country’s first modular Liquefied […]

U.S. may extend Chevron-Venezuela deadline by at least 30 days

(Bloomberg) – The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the […]

Odfjell executes TRS operations in Kuwait’s first offshore Jurassic well

Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has successfully deployed a 36” x 38” conductor pipe in Kuwait’s first offshore Jurassic well. The well, operated by a global […]

Shell Nigeria’s BOGT landlord threatens $5bn lawsuit over ‘illegal’ asset sale

*The Shell operated Bonny Oil Terminal. – Writes Shell’s CEO in UK Mkpoikana Udoma Port Harcourt — One of the landlords to Shell Petroleum Development Company of Nigeria, SPDC, in Bonny, Rivers State, Se-Alabo Clinton Dan-Jumbo, […]

Oil prices near lows, demand expectations & tensions affect sentiment

*Oil prices Lagos — Crude oil futures remained near their low. The market found some support in a larger-than-expected drawdown in distillate inventories, which fell by 2.8 million barrels. This could support oil demand expectations in […]

Trump meets with oil execs as U.S. scales down environmental rules

Jennifer A. Dlouhy March 19, 2025 (Bloomberg) – The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution […]

EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively […]

Aradel Holdings, others in Consortium Group complete landmark acquisition of SPDC

Oritsegbubemi Omatseyin Lagos — Aradel Holdings Plc has announced, as part of Renaissance Africa Energy Company Limited, the successful completion of the acquisition of the Shell Petroleum Development Company of Nigeria Limited, SPDC. Renaissance Africa Energy […]