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France: Minister of Ecological Transition Opposes New Oil Drilling
The proposed eight new oil wells near Arcachon have sparked internal government disagreements. Agnès Pannier-Runacher, Minister of Ecological Transition, has voiced her opposition to this initiative, contradicting the previous statements of Christophe Béchu.
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France: Minister of Ecological Transition Opposes New Oil Drilling
The proposed eight new oil wells near Arcachon have sparked internal government disagreements. Agnès Pannier-Runacher, Minister of Ecological Transition, has voiced her opposition to this initiative, contradicting the previous statements of Christophe Béchu.
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Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
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Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
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Ecopetrol completes the acquisition of 45% of Block CPO-09 from Repsol
Ecopetrol has finalized the purchase of Repsol's remaining 45% stake in Block CPO-09 for $452 million. This strategic acquisition strengthens the Colombian company's presence in the Llanos Orientales basin and consolidates its role in hydrocarbon exploration and production.
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Ecopetrol completes the acquisition of 45% of Block CPO-09 from Repsol
Ecopetrol has finalized the purchase of Repsol's remaining 45% stake in Block CPO-09 for $452 million. This strategic acquisition strengthens the Colombian company's presence in the Llanos Orientales basin and consolidates its role in hydrocarbon exploration and production.
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U.S. Crude Oil Stocks Surge by 8.7 Million Barrels
U.S. crude oil reserves saw an unexpected increase of 8.7 million barrels last week, far exceeding market forecasts. This rise is attributed to low refinery activity and higher imports, amid a context of downward pressure on prices.
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U.S. Crude Oil Stocks Surge by 8.7 Million Barrels
U.S. crude oil reserves saw an unexpected increase of 8.7 million barrels last week, far exceeding market forecasts. This rise is attributed to low refinery activity and higher imports, amid a context of downward pressure on prices.
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OMV: Net Profit Slightly Down for 2024
OMV, the Austrian hydrocarbons group, has announced a slight decline in its net profit for the year 2024. The company's financial results reflect a decrease in its margins in an economic environment marked by energy price volatility.
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OMV: Net Profit Slightly Down for 2024
OMV, the Austrian hydrocarbons group, has announced a slight decline in its net profit for the year 2024. The company's financial results reflect a decrease in its margins in an economic environment marked by energy price volatility.
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OPEC+ maintains production increase despite pressure from Trump
OPEC+ continues to increase its oil production, responding to global demand while ignoring Donald Trump's calls to slow down the rise. This decision to maintain the production increase schedule has direct implications for global markets.
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OPEC+ maintains production increase despite pressure from Trump
OPEC+ continues to increase its oil production, responding to global demand while ignoring Donald Trump's calls to slow down the rise. This decision to maintain the production increase schedule has direct implications for global markets.
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Oil and Gas M&A: A Slowdown in 2025 Despite $150 Billion in Opportunities for Rystad
After two record years of mergers and acquisitions in the oil and gas sector, upstream M&A activity is expected to slow down in 2025. Despite a deal pipeline valued at $150 billion, geopolitical tensions and restrictive fiscal policies are limiting new opportunities.
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Oil and Gas M&A: A Slowdown in 2025 Despite $150 Billion in Opportunities for Rystad
After two record years of mergers and acquisitions in the oil and gas sector, upstream M&A activity is expected to slow down in 2025. Despite a deal pipeline valued at $150 billion, geopolitical tensions and restrictive fiscal policies are limiting new opportunities.
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Tullow Petroleum seeks to reduce debt after failed merger with Kosmos
Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
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Tullow Petroleum seeks to reduce debt after failed merger with Kosmos
Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
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Washington seeks a new oil balance with Caracas
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
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Washington seeks a new oil balance with Caracas
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
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Saudi Arabia: Saudi Aramco Adjusts Prices in Response to Asian Demand
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
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Saudi Arabia: Saudi Aramco Adjusts Prices in Response to Asian Demand
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
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