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Aradel acquires 5.14% equity stake in Chappal Energies Mauritius

Kunle Kalejaye Leeds, England — Aradel Holdings Plc has entered into an agreement to acquire 5.14% equity interest in Chappal Energies Mauritius Limited. Chappal is an energy company focusing on investments in deep value and […]

Colombia pushes for shorter production timeline from offshore gas discovery

(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. State-run Ecopetrol […]

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African Energy Chamber endorses Haitham Al Ghais’ renewal as OPEC Secretary General

The African Energy Chamber (AEC) announced its support of the decision to renew Haitham Al Ghais as the Secretary General of OPEC for a further three-year term, effective 1 August 2025. The renewal of Secretary […]

Canadian oil producers forecast higher production in 2025

Fuel demand in the United States, the biggest destination for Canadian crude, is expected to rise next year as U.S. industrial activity will likely benefit from a cut in borrowing rates, according to the U.S. […]

China’s oil consumption peaked in 2023, CNPC says

As a result, crude oil imports are expected to fall to 544 million tons this year, according to a presentation by the research arm of China’s largest oil producer, although the world’s top importer still […]

UAE to cut oil shipments amid OPEC+ push for quota discipline, Bloomberg News reports

The Abu Dhabi National Oil Co (ADNOC) has cut allocation of crude oil cargoes for some customers in Asia, reducing volumes by up to 230,000 barrels per day across various crude grades, the report said, […]

Chamber of Shipping of America honors Crowley for environmental achievement

The Chamber of Shipping of America (CSA) recently honored 101 Crowley-operated vessels and their crews with Environmental Achievement Awards, recognizing the company and its people for its safe environmental operations. Pictured (left to […]

Expro to develop new flowmeter technology for Petrobras-operated wells

Expro has signed a technology agreement (ETEC) with Petrobras for the development of a new non-intrusive flowmeter. The technology will provide flow rates and identify flow patterns, generating online and real-time data availability […]

Oil inches up, on course for first weekly gain in three

*Oil prices climb – Brent, WTI both up more than 3% this week– EU slaps new sanctions on Russia, US also weighs more– China stimulus expected to support demand– IEA forecasts a supply surplus in […]

Nigeria’s oil & gas sector gets zero investment in Q3 2024

*Oil-drilling-rig. – As capital importation declines by 51.90% Mkpoikana Udoma Port Harcourt — Nigeria’s oil and gas sector received no recorded inflows in Q3 2024, as the country experienced a 51.90% decline in overall capital […]