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House committee engages NUPRC on investment prospects

The Chairman of the House of Representatives Committee on Nigeria-China Relationship, Jaafaru Yakubu, led members of the committee on a strategic visit to the Headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) where he […]

Oil revival plan put forth by Ecuador’s president falters amid re-election effort

(Bloomberg) – Ecuador President Daniel Noboa’s plan to revitalize the nation’s biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Since striking a deal last year […]

Deferred well plug and abandonment could add $5.5 billion to UK decommissioning bill

(WO) – Latest analysis from Westwood Global Energy Group, the specialist energy market research and consultancy firm, reveals the extent of financial and logistical hurdles for North Sea decommissioning. Political and fiscal uncertainty has impacted […]

TotalEnergies CEO says LNG prices will soften by end of decade

*Patrick Pouyanne, Chairman of the Board and Chief Executive Officer of TotalEnergies. REUTERS/Sergei Karpukhin Houston — TotalEnergies CEO Patrick Pouyanné said on Tuesday at the CERAWeek energy conference in Houston that he expected liquefied natural […]

NNPC/FIRST E&P JV announce significant hydrocarbon discovery in OML 85

*Nigeria oil and gas acreage highlighting OML 85 Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, and FIRST Exploration & Petroleum Development Company Limited, FIRST E&P, Joint Venture, JV, have confirmed a […]

GECF launches 9th edition of Global Gas Outlook 2050

*Headquarters of the Gas Exporter Countries Forum in Doha, Qatar – Highlighting Africa’s natural gas potential Cape Town, South Africa — The Gas Exporting Countries Forum (GECF) has released the 9th edition of its Global […]

Canada’s Whitecap, Veren announce $10.4 billion merger to form major shale producer

Whitecap Resources and Veren today announced a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The all-share deal holds a value […]

MODS wins contract to deploy software for global offshore asset management

MODS, a leading provider of intelligent industrial asset management software, has secured a two-year contract with one of the world’s largest industry-leading offshore engineering consultancies. The agreement will see MODS’ new client implement […]

PETROAN demands fair competition, price stability in Nigeria’s downstream sector

Mkpoikana Udoma Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has called for urgent measures to ensure healthy competition and price stability in Nigeria’s downstream sector, warning that monopoly and […]

Oil declines for seventh week amid tariffs, Ukraine truce talks

(Bloomberg) – Oil’s one-day advance wasn’t enough to rescue prices from a seventh straight weekly decline as the prospect of a temporary truce in Ukraine capped on-again, off-again tariff news that upended global markets. […]