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Oil rises on upbeat China data, shaky Israel-Lebanon ceasefire

*Crude oil tanker in Zhoushan – Reuters Bengaluru — Oil prices rose more than 1% on Monday, supported by strong factory activity in China, the world’s second-largest oil consumer, and escalating tensions in the Middle […]

Nigeria Police deny involvement in fuel scooping scandal

*Police officers scooping petrol from a fallen petrol tanker. Mkpoikana Udoma Port Harcourt — The Nigeria Police Force, NPF, has vehemently denied allegations that its personnel were involved in scooping fuel from a fallen tanker, […]

GeoPark announces plans to acquire Repsol upstream assets in Colombia

GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. The potential acquisition would […]

Ecopetrol Group allocates over half of 2025 budget for exploration & production

Ecopetrol S.A. Board of Directors have approved the 2025 investment budget of the Ecopetrol Group for an amount between 24 and 28 trillion pesos, with more than half the approved budget earmarked for crude and […]

Nigeria spends N3.22trn on fuel import in three months

*Fuel imports Michael Eboh Dublin, Ireland — Nigeria spent N3.221 trillion on the importation of premium motor spirit (PMS), also known as petrol, in the second quarter of 2024, rising by 99.2 per cent compared […]

Gazprom’s Nord Stream 2 loses EU court ruling

(Bloomberg) – Russia’s controversial Nord Stream 2 pipeline lost the latest round of its legal fight against European Union gas market rules, in a largely symbolic court defeat for the now-shuttered project. Gazprom PJSC-controlled Nord Stream 2 […]

Suncor achieves record crude output from Alberta Firebag oil sands site

(Bloomberg) – Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a […]

Argentina’s Vaca Muerta region hits record oil production in Q3, Rystad says

The figure is a 35% year-on-year surge in production thanks to improved productivity and evacuation capacity, putting the formation on track to hit its target of 1 million bpd by 2030, the report said. Argentina’s […]

Repsol sells Colombian oil and gas assets for $530 million

The two assets can produce 16,000 barrels of oil equivalent per day, Geopark said in its statement. Repsol said earlier this year that it planned to sell up to 4 billion euros ($4.23 billion) worth […]

Africa Global Logistics to expand Congo port terminal amid oil & gas development

*Port of Pointe-Noire Lagos — Africa Global Logistics, AGL, a subsidiary of Congo Terminal, is gearing up for the expansion of the Port of Pointe-Noire in the Republic of Congo, ROC. The company, in collaboration […]