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Venezuela’s 2024 oil exports climb 10.5% amid political turmoil

As President Nicolas Maduro gets ready to start his third term in office next week following disputed election results, the OPEC country’s oil exports rose for a second consecutive year, providing revenue to contribute to […]

Honoring Steven B. Hinchman, IPAA’s 43rd Chairman of the Board

The Independent Petroleum Association of America (IPAA) today shared unfortunate news of the passing of Steven B. Hinchman (Steve), the association’s 43rd Chairman of the Board, and steadfast leader during challenging pandemic times. IPAA President […]

Tullow gains following legal victory in $320 million Ghana tax case

(Bloomberg) – Tullow Oil Plc gained after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its key oil assets are located. The International Chamber of […]

Italy calls for EU gas price cap at 60 euros per megawatt hour

Fears of an energy shock have risen after Ukraine refused to renew a gas transit agreement with Russia, marking the end of decades of Moscow’s dominance over Europe’s energy markets. The EU’s existing price cap […]

US oil executives expect faster permitting under Trump, says Dallas Fed

The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and New Mexico. Trump has vowed […]

CNOOC begins production from Panyu oilfield, South China Sea

CNOOC and 80883 announce that Panyu 11-12 Oilfield/Panyu 10-1 Oilfield/Panyu 10-2 Oilfield Adjustment Joint Development Project has commenced production. The project is located in eastern South China Sea, with an average water depth […]

Totalenergies, Vantage Drilling create new joint venture

Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies, in line with the MOU terms described in previous announcements. Subsequent to the completion of the […]

Ekpo lists key achievements as Petroleum Minister

*Ekperikpe Ekpo – Highlights investments, industrial growth in Akwa Ibom Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has outlined a series of significant achievements in […]

News

BP’s Greater Tortue project begins production from offshore fields

(Bloomberg) – BP Plc’s Greater Tortue Ahmeyim project started producing gas from offshore fields in Senegal and Mauritania, and both countries expect deliveries soon in a boost to economic growth. The $4.8 billion […]

Senegal sees record economic growth prompted by oil production, output

*bp vessel operating in waters offshore Senegal London – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting […]