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ExxonMobil, Shell sell offshore gas fields in mature UK North Sea to Viaro Energy

(Bloomberg) – Viaro Energy Ltd. agreed to buy a number of gas fields in the UK North Sea from Shell Plc and Exxon Mobil Corp., giving the closely held company its first role as an […]

OPEC+ likely to stick to output policy at Aug 1 JMMC meeting

*OPEC+ – Top OPEC+ ministers to meet online on Aug. 1– Brent crude prices have lost about 9% in July– OPEC+ plans to raise output from October Moscow/London — An OPEC+ panel is unlikely this […]

The wrong look for Nigeria

*A drilling rig operating in Soku, the restive Niger Delta. Cape Town, South Africa — There is a crying need for a new level of efficiency, timeliness, and openness in the approval process to give […]

TotalEnergies withdraws from South African offshore blocks after CNRI exit

(WO) — TotalEnergies has announced its withdrawal from offshore Blocks 11B/12B and 5/6/7 off the southern coast of South Africa. This decision follows the exit of partner CNRI from Block 11B/12B, where TotalEnergies EP South […]

Nigerians queue for fuel as NNPC blames operational hitch

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Lagos — Fuel queues lengthened across major Nigerian cities on Monday after state-oil company Nigerian National Petroleum Corp. faced problems supplying gasoline […]

Vital Energy, NOG expand Delaware Basin footprint with $1.1 billion Point Energy acquisition

(WO) — Vital Energy and Northern Oil and Gas have signed an agreement to acquire Point Energy Partners for $1.1 billion. Vital Energy will purchase 80% of Point’s assets, while NOG will acquire the remaining […]

Oil gains on fears of wider Middle East conflict

*Rocket strike on Israel controlled Golan Heights – After rocket strike in Golan Heights Singapore — Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East […]

Baker Hughes trims U.S. spending forecast amid delayed oilfield recovery

(Bloomberg) — Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. The world’s No. 2 oil-services provider by market […]

Zephyr Energy reports strong initial results from Paradox Basin well in Utah

(WO) — Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at […]

GSS Oyigbo wins NLNG 2024 Science Quiz in Rivers

*NLNG. Mkpoikana Udoma Port Harcourt — Government Secondary School, Oyigbo in Rivers State, has emerged as the Winner of the 2024 Science Quiz Competition sponsored by the Nigeria LNG Limited. Two students from the GSS […]