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African NOCs advance oil and gas projects through diverse financing strategies

African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, […]

NLC threatens strike over unpaid salaries, minimum wage delay in Rivers

*Comrade Joe Ajaero, President of the NLC addressing workers at a rally. Mkpoikana Udoma Port Harcourt — The Rivers State chapter of the Nigeria Labour Congress, NLC, has issued a strike threat over the non-payment […]

Bayswater E&P closes $600 million sale of DJ Basin assets

Bayswater Exploration and Production (Bayswater), a Denver-based oil and natural gas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. in a cash and stock transaction valued at […]

Judge rules against sale of Gulf of Mexico oil drilling rights

Jennifer A. Dlouhy March 28, 2025 (Bloomberg) – A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf […]

US oil producers face new challenges as top oilfield flags

The Permian basin was the centerpiece of the shale revolution that began nearly two decades ago and spurred the U.S. to become the world’s top oil producer, stealing market share from the Organization of the […]

Asian spot LNG prices at nearly 6-month low on muted Chinese demand

The average LNG price for May delivery into north-east Asia was at $13.00 per million British thermal units (mmBtu), the lowest level since Oct. 11, 2024 and down from $13.60/mmBtu last week, industry sources estimated. […]

US gas players refocus on Haynesville basin, buoyed by Trump LNG plans

Gas prices are rising as LNG producers in the United States, already the world’s largest LNG exporter, bring new projects online in Texas and Louisiana. U.S. gas demand is expected to hit record highs in […]

Woodside to divest Trinidad and Tobago assets to Perenco for $206 million

Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby […]

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RRC Commissioners asses more than $1.8 million in oil and gas penalties

The Railroad Commission of Texas assessed $1,888,364 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil […]

Nigeria’s gas output to remain flat in Second Quarter

*ANOH Gas plant Sam Ikeotuonye Lagos – Nigeria’s gas production will likely remain flat in the second quarter of this year, the Society of Energy Editors, SEE, has projected in its Second Quarter 2025 Outlook […]