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Nigeria’s local currency crude sales fall short of target

*The Dangote Refinery Lagos — The Nigerian government’s plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate […]

Oil price resumes sliding amid weak sentiment in Europe

*Global oil. Lagos — Oil prices resumed their slide today, falling more than 0.6% for both Brent and WTI, which are not far from their lowest levels this year. Oil’s renewed losses today come with […]

Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference

Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more than four decades of […]

Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference

Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more than four decades of […]

Occidental CEO warns U.S. at risk of shale plateau, losing energy independence

(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline. “It’s going to start to roll over, and when […]

SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to […]

SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to […]

Russia is preparing to lift gasoline exports ban, deputy PM says

*Gasoline laden vessel News wire — Russia is preparing to lift its gasoline exports ban and the necessary paperwork will be ready in near future, Deputy Prime Minister Alexander Novak told reporters on Friday without […]

BP and partners to invest $7 billion in carbon capture project in Indonesia’s Papua

The British oil and gas producer announced the investment on Thursday in a meeting with President Prabowo Subianto who is visiting London. Production at Ubadari field is scheduled to start in 2028 and gas from […]

Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry

In a corporate report released in February called ‘Bettering Human Lives,’ Chris Wright said that the energy transition has not begun and that climate change, while a challenge, is not the greatest threat to humans. […]