Oil, the world's major source of energy, generates geopolitical tensions. Venezuela has the largest reserves, followed by Saudi Arabia, but renewable energies are threatening this dominance. Middle Eastern countries play a key role in this industry.
Perenco Congo begins construction of the offshore Kombi 2 platform, a project exceeding $200mn aimed at increasing the country’s oil production and resource development.
Italiana Petroli, in negotiations with three potential buyers, is expected to finalize the total sale of the group for around €3 billion by late June, according to several sources close to the matter speaking to Reuters on Thursday.
According to the KOMO Q1 2025 report by KAPSARC, India will dominate global oil demand growth with an additional 220 Kb/d, surpassing China and reaffirming Asia's central role in the energy market.
Nigeria is relying on Seplat Energy to triple its crude oil production to 120,000 barrels per day by June 2025, leveraging strategic assets and unused wells.
Niger's military government has announced a reduction in the price of gasoline and diesel from July 23, aimed at easing transport costs and the price of basic necessities.
OPEC anticipates a global consumption of 105.1 million barrels per day in 2025, driven by growth in transportation, particularly air and road traffic, with continuous growth expected until 2026.
BP has confirmed a gas leak at a well in the Grand Tortue Ahmeyim (GTA) project, located off the coasts of Senegal and Mauritania. The British operator states that repairs are underway and that the environmental impact remains limited.
BP has confirmed the cessation of a gas leak at the offshore Grand Tortue Ahmeyim field, located between Senegal and Mauritania. The incident, identified on 19 February at one of the site’s wells, required technical interventions to restore the integrity of the installations.
The Société Nationale des Pétroles du Congo (SNPC) is initiating a strategic drilling campaign across several key blocks, aiming to strengthen crude oil production and reach 500,000 barrels per day by 2029.
