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‘US drillers cut oil and gas rigs for 12th time in 13 weeks’

*US weekly offshore rig count. Houston, TX – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy services firm Baker Hughes […]

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Eni profits beat estimates as bold cost-cutting strategy offsets oil uncertainty

(Bloomberg) – Eni SpA reported profit that beat analyst estimates as proceeds from asset sales and sweeping cost cuts helped counter a weak oil market. While crude prices were lower in the second […]

EU lawmakers eye faster Russian gas phase out, documents show

*European Union headquarters, Brussels Brussels — The European Parliament is considering proposals to speed up the EU’s phase out Russian gas by one year, to January 2027, documents seen by Reuters showed, as officials in […]

News

Valeura, PTTEP expand offshore exploration in Gulf of Thailand

Image: PTTEP Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand. […]

Energy Workforce & Technology Council welcomes new Advisory Board members

The Energy Workforce & Technology Council (EWTC) has elected three distinguished leaders to its Advisory Board during the Council’s recent Board Meeting held in Houston, Texas. Advisory Board members serve three-year terms and help shape the […]

NGML boosts gas supply capacity with 44MMscf/d deal

*Gas pipeline. Mkpoikana Udoma Port Harcourt — NNPC Gas Marketing Limited, NGML, has expanded its gas supply portfolio with the signing of a Natural Gas Sale and Purchase Agreement, GSPA, with CCETC Suk Power Limited. […]

Nigeria eyes West Africa’s refined products market

*Heineken Lokpobiri. – As Lokpobiri rallies investors Mkpoikana Udoma Port Harcourt — Nigeria is aggressively positioning itself as the refining hub for West Africa, leveraging ongoing policy reforms, investor-friendly regulations, and increasing upstream activity to […]

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