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Shell starts production from Penguins FPSO in UK North Sea

Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility (Shell 50%, operator; NEO Energy 50%). The previous export route […]

SLB OneSubsea to deliver subsea production systems for Vår Energi, offshore Norway

SLB has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the two […]

NLC suspends planned protest over telecom tariff

*Comrade Joe Ajaero addressing union members. – Enters talks with government Abuja — Nigeria’s largest labour union has suspended a planned nationwide protest against a 50% hike in telecommunications tariffs and will negotiate with the […]

WTI crude oil suffers a sharp drop due to OPEC+ decisions

*Brent, WTI. Lagos — The price of West Texas Intermediate (WTI) started the session on February 3, 2025, with a bullish momentum, opening with a gap above $74.70 per barrel. However, the session was marked by […]

Baker Hughes lands major contract for ExxonMobil Guyana FPSOs

Baker Hughes has secured a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The announcement was […]

Ecopetrol, OXY to drill 34 wells in Permian under development plan extension

Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019. […]

FG urges Seplat to fast-track agreements to unlock gas for domestic use, export

Port Harcourt — The Federal Government has urged Seplat Energy Producing Nigeria Unlimited, SEPNU, to accelerate the execution of Gas Sales Agreements, GSAs, to unlock Nigeria’s gas potential for both domestic use and export. The […]

U.S. tariffs heighten crude price volatility, market remains cautious

*Global oil flow. Lagos — Crude oil futures are experiencing volatility, initially rebounding after U.S. President Donald Trump announced tariffs on Canada and Mexico, raising concerns about potential disruptions to oil supply from these major […]

Oil advances after Trump confirms tariffs will apply to crude

(Bloomberg) – Oil rose in late trading after U.S. President Trump said the U.S. would impose tariffs on imports of crude, a move that threatens to disrupt flows across North America’s tightly integrated energy market. […]

Crescent Energy closes $905 million deal in strategic Eagle Ford expansion

Crescent Energy Company announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares of […]