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Chevron acquires 80% interest in exploration block, offshore Namibia

Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% […]

‘Russia may ban gasoline exports for a month to stabilise prices’

*Russia may ban gasoline exports. Moscow — Russia’s Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season, state news […]

Lokpobiri vows to review, complete abandoned Atlantic Refinery Project

*Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri with the Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed, during an inspection visit to the Brass Petroleum Products Terminal in Bayelsa State. Mkpoikana Udoma […]

Ecopetrol pressured to sell U.S. shale venture by Colombia’s leader

(Bloomberg) – Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the U.S., citing his government’s position against fracing, which he says is destructive to […]

Repsol to deploy gen AI across operations in collaboration with Accenture

Repsol will extend its co-innovation collaboration with Accenture to continue advancing the goals of its Digital Program and accelerate the use of generative AI (gen AI) across the company, through the introduction and deployment of […]

PETROAN warns against policy sabotage over FG’s ban on crude oil diversion

Mkpoikana Udoma Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Federal Government to strictly enforce its newly announced ban on the exportation of crude oil allocated to […]

Makai, Tritan Software to launch advanced ocean vector chart services (OVCS)

Makai Ocean Engineering has announced a collaboration with Triton Software Ltd to integrate the Ocean Vector Chart Service (OVCS) and provide seamless access to high resolution nautical charts directly in MakaiPlan, its submarine cable route […]

‘US drillers add oil and gas rigs for second week in a row’

*US weekly offshore rig count. Houston, TX — U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services […]

Equinor cuts renewables target, forecasts growth for oil and gas

(Bloomberg) – Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S. The Norwegian company lowered its 2030 target […]

Oil, gas traders to seek tariff waivers from Beijing for US imports

*An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS Singapore — Oil and gas traders are likely […]