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Eni starts Phase 2 production from Baleine field, offshore Ivory Coast

*Eni, Ivory Coast London — Energy supermajor Eni has announced it has successfully kicked off Phase 2 of the flagship Baleine field, offshore Ivory Coast. Said to be the largest discovery in the country and […]

Oil edges higher to close out 2024 as traders brace for surplus

(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year. West Texas Intermediate rose above $71 a barrel, having […]

Sinopec releases first sustainable development report in Algeria

China Petroleum & Chemical Corporation (Sinopec) has released the first sustainability report published by a Chinese company in Algeria, detailing its achievement in fulfilling economic, safety, environmental, and social responsibilities in the region and advancing […]

Ecopetrol acquires Repsol’s onshore Colombia asset to increase production by 7,000 bopd

Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner […]

‘Ample supply, slow demand to temper oil price gains in 2025’

*Oil prices – Brent price forecast cut for an eighth straight month-poll– Brent prices set for second straight annual decline– Global oil demand seen growing between 0.4 mln-1.3 mbpd in 2025 Bengaluru — Oil prices […]

Moldova prepares for possible Moldovagaz nationalisation

Gazprom has said it plans to suspend gas exports to Moldova from 0500 GMT on Jan. 1 due to unpaid debts. Speaking at a government meeting, Recean told his justice minister to prepare legislative changes […]

Cheniere produces first LNG at Corpus Christi Stage 3 Project

Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). The commissioning process […]

International oil and gas hiring on the rise amid overall job decline

*Oil & gas hiring trends London — The oil & gas industry has seen a dip in active jobs (jobs open for hiring) in 2024, but hiring trends remain relatively better compared to pre-COVID levels. […]

Nigeria’s gas output rises by 3.21% to 172BSCF

*Nigeria’s gas pipeline infrastructure. Michael Eboh Dublin, Ireland — Nigeria’s gas output grew by 3.21 per cent to 172.243 billion standard cubic feet (SCF) in November 2024, from 166.894 billion SCF recorded in the previous […]

Seadrill sells West Prospero jackup rig for $45 million

Seadrill today announced that it has completed the sale of the jack-up rig West Prospero for cash proceeds of $45 million. “With the sale of the West Prospero, we have monetized a non-core […]