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ExxonMobil invests $10 billion in offshore project in Nigeria
ExxonMobil injects $10 billion into the development of the Owo project in Nigeria. This initiative aims to increase oil production and consolidate the group's offshore operations in the country.
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ExxonMobil invests $10 billion in offshore project in Nigeria
ExxonMobil injects $10 billion into the development of the Owo project in Nigeria. This initiative aims to increase oil production and consolidate the group's offshore operations in the country.
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FTC prevents John Hess from joining Chevron board after merger
The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.
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FTC prevents John Hess from joining Chevron board after merger
The Federal Trade Commission imposes restrictions on Chevron as part of its acquisition of Hess Corporation, preventing John Hess from sitting on the board of directors to limit the risk of collusion and preserve competition in the sector.
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Chinese recovery temporarily boosts Asian diesel market
The Asian diesel market is benefiting from a one-off rise thanks to Chinese monetary stimulus, but uncertainty persists with weakened fundamentals and a contangoing market structure.
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Chinese recovery temporarily boosts Asian diesel market
The Asian diesel market is benefiting from a one-off rise thanks to Chinese monetary stimulus, but uncertainty persists with weakened fundamentals and a contangoing market structure.
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Petrobras expands in Africa: New opportunities in Namibia and Angola
After a temporary withdrawal, Petrobras is reinvesting in Africa with key holdings in São Tomé and Príncipe, and plans additional projects in Namibia and Angola, thus strengthening its position in the African oil market.
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Petrobras expands in Africa: New opportunities in Namibia and Angola
After a temporary withdrawal, Petrobras is reinvesting in Africa with key holdings in São Tomé and Príncipe, and plans additional projects in Namibia and Angola, thus strengthening its position in the African oil market.
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Congo and Ghana sign energy cooperation agreement
SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.
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Congo and Ghana sign energy cooperation agreement
SNPC and GNPC have signed a strategic agreement to strengthen their collaboration in the oil and gas sectors, with a particular focus on energy infrastructure development and energy transition.
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Military tensions paralyze South Sudan’s oil exports
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
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Military tensions paralyze South Sudan’s oil exports
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.
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Eni steps up exploration in Libya’s Ghadames Basin
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
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Eni steps up exploration in Libya’s Ghadames Basin
Eni, the Italian oil company, is launching new exploration activities in Libya's Ghadames Basin, with the aim of exploiting under-exploited oil resources despite the country's political instability.
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BP in India: New opportunities and strengthened energy partnerships
BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
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BP in India: New opportunities and strengthened energy partnerships
BP is strengthening its presence in India through a series of strategic initiatives, in collaboration with Reliance Industries and Oil and Natural Gas Corporation (ONGC). The aim is to increase local oil and gas production to meet the country's growing demand and enhance energy security.
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Russia: Novorossiisk port dispute, Magomedov loses to Transneft
The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
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Russia: Novorossiisk port dispute, Magomedov loses to Transneft
The Stockholm Arbitration Court's rejection of Ziyavudin Magomedov's claim against Transneft closes a major dispute surrounding the strategic port of Novorossiisk. This decision illustrates the legal tensions in the Russian energy sector.
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Libya: New appointment to the Central Bank, key to the oil crisis
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
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Libya: New appointment to the Central Bank, key to the oil crisis
Libya, torn between its eastern and western factions since 2014, has reached a crucial agreement to appoint new leadership to the Central Bank. This agreement, announced on September 25, 2024, could be decisive in unblocking a crisis situation that is paralyzing the country's economy and its oil sector, the state's main source of revenue.
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Brazil: Prio and Sinochem negotiate 40% stake in Peregrino
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
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Brazil: Prio and Sinochem negotiate 40% stake in Peregrino
Prio is in advanced discussions with Sinochem to acquire a 40% stake in the Peregrino oil field. The deal, valued at $1.9 billion, could significantly boost Prio's production.
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BRICS accelerate energy exchanges and de-dollarization
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
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BRICS accelerate energy exchanges and de-dollarization
BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
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Kazakhstan boosts Tengiz while consolidating ties with OPEC+.
Kazakhstan maintains its OPEC+ obligations despite a planned increase in production from its Tengiz field in 2025. The Kazakh authorities are closely monitoring market developments to adjust their strategy.
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Greenpeace obtains judicial review of North Sea projects
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
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Greenpeace obtains judicial review of North Sea projects
Shell and Equinor's oil projects in the UK are facing a judicial review initiated by Greenpeace UK, threatening their development in the midst of the energy crisis.
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Emirates: Gulf Navigation strengthens its oil capacity in Fujairah with Brooge
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
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Emirates: Gulf Navigation strengthens its oil capacity in Fujairah with Brooge
Gulf Navigation approves major acquisition to expand storage capacity in Fujairah. The transaction includes the raising of $122 million in shares, pending shareholder approval.
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Diamondback and Kinetik take a 30% stake in the EPIC Crude pipeline
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.
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Diamondback and Kinetik take a 30% stake in the EPIC Crude pipeline
Diamondback Energy and Kinetik Holdings acquire a 30% stake in the EPIC Crude pipeline, strengthening their transport capabilities in the Permian Basin and optimizing crude oil flows to the Gulf Coast.
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Rising Chinese demand puts ESPO Blend at a premium to Brent
ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
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Rising Chinese demand puts ESPO Blend at a premium to Brent
ESPO Blend oil, from Russia's Far East, has seen its price rise due to strong Chinese demand, crowding out Indian buyers.
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IEA: Global oil demand held back by China’s economy
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
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IEA: Global oil demand held back by China’s economy
Global oil demand is set to grow at a more moderate pace, below the one million barrels per day mark, mainly due to the slowdown in the Chinese economy, according to recent forecasts by the International Energy Agency (IEA).
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The rebound in VLCC rates since the record low of 2023
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
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The rebound in VLCC rates since the record low of 2023
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
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TotalEnergies targets production of 220,000 barrels/day in Suriname
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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TotalEnergies targets production of 220,000 barrels/day in Suriname
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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Repsol and Maduro consolidate their union despite diplomatic tensions
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
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Repsol and Maduro consolidate their union despite diplomatic tensions
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
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Gulf of Mexico: oil rigs evacuated under hurricane threat
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
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Gulf of Mexico: oil rigs evacuated under hurricane threat
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
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Lower Chinese export quotas: Impact on LSFO’s Asian market
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
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Lower Chinese export quotas: Impact on LSFO’s Asian market
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
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Oil price rises with Middle East tensions and a weak dollar
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
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Oil price rises with Middle East tensions and a weak dollar
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
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DRC: An oil terminal launched in Goma to better supply Eastern DRC
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
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DRC: An oil terminal launched in Goma to better supply Eastern DRC
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
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Angola: Optimization of Block 3/05 to stabilize oil production
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
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Angola: Optimization of Block 3/05 to stabilize oil production
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
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