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Eco Atlantic Oil & Gas farms into Block 1 in prolific Orange basin

*Offshore Namibia Newswire — Eco (Atlantic) Oil & Gas Ltd. announced a Farm-In into Block 1 offshore South Africa in Namibia’s Orange basin. Through its 100% owned subsidiary Azinam South Africa Limited, the company will […]

Safe drilling operations continue at Zephyr Energy’s Parado basin well in Utah

(WO) – Zephyr Energy plc provided an update on the State 36-2R LNW-CC well at its project in the Paradox Basin, Utah. Source: Zephyr Energy Drilling operations continue to proceed safely and effectively. […]

Newfoundland and Labrador’s offshore oil and gas sector spotlighted at Energy NL’s Annual Conference & Exhibition 2024

(WO) – The Energy NL Annual Conference & Exhibition 2024 began on Tuesday, June 4, 2024, with an opening address by Premier Dr. Andrew Furey, who committed his support for the Newfoundland and Labrador energy […]

Amarinth to supply centrifugal pumps for Azule Energy’s FPSO Agogo offshore Angola

(WO) – Amarinth announced an order for low lifecycle cost centrifugal pumps and associated equipment for the FPSO Agogo, currently under construction by Yinson Production and destined for offshore Angola. Amarinth pump nearing […]

APPO, Afreximbank sign implementation of African Energy Bank

*Eng. Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources looks on as Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank (left) exchanges Establishment Agreement documents for the Africa Energy Bank […]

Oil falls up to 1% on worries of supply rising later in 2024

*Oil trading. Houston/Singapore — Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in […]

Seatrium, M1 partner to accelerate shipyard digital transformation with 5G connectivity

(WO) – Seatrium Limited and M1 have jointly signed a Memorandum of Understanding (MoU) to accelerate digital connectivity to aid yard operations, marking a significant milestone in Seatrium’s digital transformation journey. The strategic […]

Oil dives 3%, OPEC+ decision fails to allay demand worries

*Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File Phot. – Brent, WTI futures fall to near four-month low– OPEC+ agreed to extend supply cuts into […]

Saudi Aramco’s $12 billion share sale sells out in mere hours

(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]

Oil prices steady as investors assess OPEC+ output cut extension

*Freeport, Texas, April 27, 2020. REUTERS/Adrees Latif/File Photo New Delhi — Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025. […]