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Nigeria complies with oil production commitments, eyes increased output

*A drilling rig operating in Soku, the restive Niger Delta. Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has announced that the country is in full compliance […]

HOMEF slams IOCs over reckless pollution in Niger Delta

*Dr. Nnimmo Bassey Mkpoikana Udoma Port Harcourt — Renowned environmentalist and Director Health Of Mother Earth Foundation, HOMEF, Dr. Nnimmo Bassey, has condemned the Federal Government and International Oil Companies, IOCs for their role in […]

ExxonMobil exceeds Q2 profits as $63 billion Pioneer Natural Resources deal pushes oil and gas production to “record”

(Bloomberg) – Exxon Mobil Corp. exceeded profit expectations after the $63 billion acquisition of Pioneer Natural Resources Co. pushed oil and gas production to a record. ExxonMobil CEO Darren Woods Exxon earned $2.14 […]

Chevron to relocate from California to Houston, Texas, following “adversarial” regulations

(Bloomberg) – Chevron Corp. is relocating headquarters to Houston, Texas, from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business. The move announced […]

‘Increased oil and gas production driven by FPSO performance boost’

*Petrobras FPSO P-71 Newswire – Petrobras ended Q2 2024 with an average production of 2.7 MMboed, an increase of 2.4% compared to the same period of the previous year, a company report has revealed.The increase […]

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success

(Bloomberg) – Some leading U.S. shale producers are planning to pump more oil this year than originally projected, a sign national supply could exceed the modest growth expectations many companies had pledged. EOG […]

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success

(Bloomberg) – Some leading U.S. shale producers are planning to pump more oil this year than originally projected, a sign national supply could exceed the modest growth expectations many companies had pledged. EOG […]

Oil settles at 8-month low after disappointing US job numbers

*Global oil flow. Houston — Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added […]

Petrobras enlists SLB to deploy pre-salt subsea production system across Atapu, Sepia fields offshore Brazil

(WO) — SLB has announced a major offshore contract award by Petrobras, following a competitive tender, to its OneSubsea joint venture for their standardized, pre-salt subsea production systems and related services. The scope covers the […]

Nigeria’s first quarter oil earnings grew by 97% to N2.06trn

*A view of Central Bank of Nigeria headquarters next to National. Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde Michael Eboh Dublin, Ireland — Nigeria’s earnings from oil and gas appreciated by 96.62 […]