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NNPC launch Utapate crude oil blend, exports first cargo to Spain

*Crude oil vessel. Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, has announced the launch of Utapate crude oil blend, a new crude grade into the international market, with a current production […]

Talos Energy acquires stake in “significant” Monument oil and gas discovery offshore U.S. Gulf of Mexico

(WO) – In a recent financial update, Talos energy revealed it acquired an over 20% stake in a significant deepwater discovery offshore the U.S. in the Gulf of Mexico. Additionally, Talos provided production and exploration […]

NNPC Ltd denies sabotaging domestic refining

*GCEO of NNPC Limited, Mr. Mele Kyari, flanked by the Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri; and Chief Executive of NUPRC, Engr. Gbenga Komolafe, at the Senate interactive session on Wednesday. […]

Wood to deliver pre-FEED services for Shell’s Blue Horizons hydrogen project in Oman

(WO) – Shell has selected Wood to deliver pre-FEED services for Oman’s innovative ‘Blue Horizons’ project. The project will produce low carbon blue hydrogen and ammonia for local and international markets and will […]

Congress is key to building future U.S. oil and gas projects, Williams CEO says

(Bloomberg) – Moves from Congress are likely to be more important to building out U.S. oil and gas projects than policy from the White House, according to the top executive at pipeline operator Williams Cos. […]

Tullow Oil reports higher profit for first half of 2024

*Rahul Dhir, CEO at Tullow Bengaluru — West Africa-focused Tullow Oil posted a rise in profit for the first six months of 2024, helped by higher crude prices. Crude prices have edged higher in the […]

Equatorial Guinea, Trafigura discuss $2 billion financing to support oil and gas development

(Bloomberg) – Equatorial Guinea says it held talks with Trafigura Group for the possibility of $2 billion in financing from the commodity trader to support development of the nation’s oil and gas sector. […]

Nigeria Navy chief says oil production up due to improved security

*Chief of Naval Staff Emmanuel Ikechukwu Ogalla. Abuja — Nigeria’s oil output has risen to between 1.6 million and 1.7 million barrels per day after the government beefed up security to curb crude theft, Chief […]

News

World oil demand is strong despite market “overreaction” Aramco CEO says

(Bloomberg) – The selloff in global oil markets on perceived bad economic news was overdone because demand remains strong, according to top crude exporter Saudi Aramco. Aramco CEO Amin Nasser Brent crude dropped […]

Oil prices rebound 1% on concerns wider Mideast conflict may cut supply

*Oil prices – Fear of wider Middle East conflict leads to fresh buying– U.S. passes message to Iran not to escalate– Strong US services sector data provides market respite Tokyo – Oil prices rebounded by […]