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OPEC rolls out global oil outlook to 2050, sees no peak demand

The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, sees demand growing for a longer period than other forecasters like BP and the International Energy Agency, which see […]

20 years of offshore exploration yields plethora of valuable discoveries with abundant remaining potential, Norwegian Offshore Directorate reports

(WO) – A Norwegian Offshore Directorate analysis of exploration activity over the last 20 years (2004-2023) shows that the discoveries are valued at three times the costs expended. Value creation from exploration in […]

FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

(Bloomberg) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this […]

Nigeria’s oil-producing states receive N99.47bn derivation revenue for August

*Map of Nigeria showing the Oil Producing States in Niger Delta Region. Lagos – Nigeria’s oil producing states received N99.474 billion Derivation Revenue for August, being the 13% derivation fund as prescribed by law. The […]

TotalEnergies commences gas production from Fenix field offshore Argentina ahead of schedule

(WO) – TotalEnergies announces the start of production from the Fenix gas field, located 60 km offshore Tierra del Fuego in Southern Argentina. Source: TotalEnergies The Fenix field is part of the Cuenca […]

Oil edges higher as US interest rate cut counters weak demand

*Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. […]

SLB expands collaboration with NVIDIA to develop AI-powered solutions for energy industry

(WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific […]

A case study on the transformative power of digitalization

As global supply chains become more interconnected and volatile, adopting digital solutions are no longer a luxury, they are a necessity. This article examines how digitalization improves supply chain management in the oil and gas […]

A case study on the transformative power of digitalization

As global supply chains become more interconnected and volatile, adopting digital solutions are no longer a luxury, they are a necessity. This article examines how digitalization improves supply chain management in the oil and gas […]

TotalEnergies to supply 1.25mt/yr of LNG to CNOOC until 2034

*LNG vessel Lagos — In line with its strategy to grow its long-term Liquefied Natural Gas, LNG, sales, TotalEnergies has announced a 5-year extension of its sales and purchase agreement with CNOOC, for the delivery […]