Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
Venezuelan President Nicolás Maduro has announced the opening of the oil sector to foreign investment after the United States revoked Chevron’s operating license, requiring the company to liquidate its operations by April 3.
The Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global oil demand of 1.4 million barrels per day in 2025, driven by air and road transport. Consumption is expected to reach 106.6 million barrels per day in 2026.
The Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global oil demand of 1.4 million barrels per day in 2025, driven by air and road transport. Consumption is expected to reach 106.6 million barrels per day in 2026.
British company Tower Resources is intensifying preparations for drilling the NJOM-3 well on the Thali block, awaiting government approval for a license extension and a farm-out agreement with Prime Global Energies.
British company Tower Resources is intensifying preparations for drilling the NJOM-3 well on the Thali block, awaiting government approval for a license extension and a farm-out agreement with Prime Global Energies.
BW Energy has announced the discovery of an oil field in the Bourdon prospect, located in the offshore Dussafu license in Gabon. This new resource could strengthen the company's production and stimulate investment in the country's oil sector.
BW Energy has announced the discovery of an oil field in the Bourdon prospect, located in the offshore Dussafu license in Gabon. This new resource could strengthen the company's production and stimulate investment in the country's oil sector.
Tanzania has decided to postpone the allocation of 26 oil and gas exploration licences to May 2025, initially scheduled for March, to attract more investors at the Africa Energies Summit in London.
Tanzania has decided to postpone the allocation of 26 oil and gas exploration licences to May 2025, initially scheduled for March, to attract more investors at the Africa Energies Summit in London.
Niger is experiencing a fuel supply crisis that is disrupting the daily lives of millions. Dependence on imports and the inability of domestic production to meet demand are worsening the situation.
Niger is experiencing a fuel supply crisis that is disrupting the daily lives of millions. Dependence on imports and the inability of domestic production to meet demand are worsening the situation.
A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
OPEC+ has authorized a gradual increase in Iraq's oil quota starting in April 2025, enabling the country to reach 4.11 million barrels per day by January 2026, amid strategic developments marked by the imminent reopening of the Iraq-Turkey pipeline.
OPEC+ has authorized a gradual increase in Iraq's oil quota starting in April 2025, enabling the country to reach 4.11 million barrels per day by January 2026, amid strategic developments marked by the imminent reopening of the Iraq-Turkey pipeline.
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
