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Tax Reform Bills’ provisions may affect oil and gas industry- PENGASSAN

Oritsegbubemi Omatseyin Lagos — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has expressed concern over some aspects of the Tax Reform Bills during its National Executive Council, NEC, meeting in Abuja. According […]

How has the fall of Assad impacted Syria’s energy sector?

Syria’s 13-year civil war crippled the country’s energy sector, making it highly reliant on imports from Iran. Below are facts about Syria’s energy sector. ** Syria has not exported oil since late 2011, when international […]

China-Africa Think Tank forum highlights alliance for key oil and gas projects

The 2024 China-Africa Think Tank Energy Forum recently convened in Chad’s capital, N’Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities. CNPC Economics and […]

Oil climbs on ousting of Syria’s Assad, Chinese monetary policy

*Crude oil barrels Houston — Oil prices rose by nearly 2% on Monday on increased geopolitical risk after the fall of Syrian President Bashar al-Assad, and as top importer China flagged its first move towards […]

ADNOC, Petronas sign 15-year agreement for Ruwais LNG project

ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA for supplying 1 million tonnes per annum (mtpa) of LNG […]

News

Equinor commends Angola oil reforms, foresees production and investment growth

Norwegian multinational energy firm Equinor has commended Angola’s recent Incremental Production Decree as a landmark reform that enhances the country’s ability to attract oil and gas investments, while boosting production and driving economic growth. The […]

Equinor’s Nigeria business acquired by Chappal Energies

(Bloomberg) – Chappal Energies has completed the acquisition of Equinor Nigeria Energy Company, a unit of Norway-based Equinor ASA, a transaction first announced in 2023. Nigerian regulators approved the transaction in November after months of […]

OPEC+ kicks the can again as Trump is added to demand dilemma

*OPEC+ Launceston, Australia — It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output. The soft state of global demand is by itself sufficient reason to justify […]

PETROAN secures deal with Dangote Refinery

*PETROAN’s National President, Dr. Billy Gillis-Harry presented an honorary life council membership to the Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari on Friday. – Assures of zero PMS scarcity during yuletide Mkpoikana […]

Petrobras, Ecopetrol aim to triple Colombia’s gas reserves with offshore discovery

(Bloomberg) – Colombia’s biggest offshore natural gas discovery by Petrobras and Ecopetrol SA could triple the country’s reserves if the deposit is commercially viable, potentially easing the nation’s shortfall. The Sirius-2 exploration well has confirmed […]