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Oxy raises 2024 oil and gas production, following $10.8 billion CrownRock acquisition, Permian success

(Bloomberg) – Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month. The CrownRock deal increases Occidental’s footprint […]

Navy rescues 59 oil workers, loses officer in vessel mishap

*Navy rescues 59 oil workers. Mkpoikana Udoma Port Harcourt — The Nigerian Navy has lost one of its personnel, Lieutenant Commander Gideon Yashim Gwaza, during a rescue operation to save 59 oil workers from drowning […]

News

Global oil demand needs to rise faster to absorb OPEC+ hike

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger – Chinese, US demand seen lagging forecasts– Not clear if […]

Oil set for 3% weekly gain on rising Mideast tension …

*Global oil flow. London — Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. jobs data calmed demand concerns and fears of a widening […]

U.S. should pursue CO2 utilization to ensure sustainability of fossil fule-based products, new report says

(WO) ― Carbon dioxide utilization can play an important role in the future net-zero emissions economy by providing a sustainable foundation for essential carbon-based products, says a new congressionally mandated report from the National Academies […]

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. […]