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ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
ConocoPhillips has received a second request for information from the Federal Trade Commission (FTC) regarding its $22.5 billion acquisition of Marathon Oil. Both companies are working with the FTC to examine the merger.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
Bourbon Group CEO Gaël Bodénès receives a two-year suspended prison sentence and is banned from managing businesses in Equatorial Guinea, Cameroon and Nigeria.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
According to the International Energy Agency (IEA), global oil demand will grow moderately in 2024, mainly due to lower Chinese consumption and increased energy efficiency.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
U.S. crude oil inventories fell by 3.4 million barrels last week, beating expectations. This drop is explained by the increased activity of American refineries, which are operating at 95.4% of their capacity.
In June, OPEC+ oil production fell to its lowest level in 11 months, with Russia and Iraq leading the declines.
In June, OPEC+ oil production fell to its lowest level in 11 months, with Russia and Iraq leading the declines.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.
ENI announces a major oil and gas discovery in Area 9 of the Gulf of Mexico, with an estimated potential of between 300 and 400 million barrels.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
BP announces "unfavorable adjustments" of $1-2 billion in the second quarter of 2024, mainly due to the transformation of its Gelsenkirchen refinery in Germany.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
China has ordered its oil companies to add 60 million barrels of oil to its strategic reserves, according to Vortexa and commercial sources, to ensure security of supply.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Nigeria approves the sale of Eni and Equinor oil assets, enabling Oando and Chappal to strengthen their local presence. These transactions mark a significant turning point in the country's oil sector.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
Russian seaborne crude oil exports rose by 5% in June, contradicting Moscow's OPEC+ production cut commitments.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
The U.S. Department of Energy (DOE) sells 1 million barrels from the Northeast Gasoline Supply Reserve to stabilize prices before the summer vacations.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
Dangote's new refining complex in Nigeria is stepping up diesel exports to West Africa, capturing market share from European refiners.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
Senegal loads its first crude oil cargo at Sangomar, marking a crucial stage in its energy and economic development, with production of 100,000 barrels a day.
Senegal loads its first crude oil cargo at Sangomar, marking a crucial stage in its energy and economic development, with production of 100,000 barrels a day.
Oil prices are rising, boosted by tensions in the Middle East and robust Chinese demand, while the euro is strengthening after the first round of French parliamentary elections.
Oil prices are rising, boosted by tensions in the Middle East and robust Chinese demand, while the euro is strengthening after the first round of French parliamentary elections.
Eni sells its Nikaitchuq and Oooguruk assets in Alaska to Hilcorp, marking a strategic step in the rationalization of its portfolio.
Eni sells its Nikaitchuq and Oooguruk assets in Alaska to Hilcorp, marking a strategic step in the rationalization of its portfolio.
Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
Equinor's first offshore well in Argentina, Argerich-1, showed no clear sign of hydrocarbons. In-depth analyses will be carried out over the coming months to assess the area's potential.
U.S. crude oil inventories rose by 3.6 million barrels, surprising analysts who were forecasting a decline, due to weakening demand and reduced exports.
U.S. crude oil inventories rose by 3.6 million barrels, surprising analysts who were forecasting a decline, due to weakening demand and reduced exports.
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Faced with growing resistance from international oil companies, the Dangote refinery in Nigeria is experiencing crude oil supply difficulties, jeopardizing its production capacity.
Faced with growing resistance from international oil companies, the Dangote refinery in Nigeria is experiencing crude oil supply difficulties, jeopardizing its production capacity.
In May, China and India became the main buyers of Russian fuel oil and vacuum gas oil (VGO), representing a significant increase in Russia's seaborne exports. These exports, which totalled around 4 million tonnes, are the result of the end of seasonal maintenance work.
In May, China and India became the main buyers of Russian fuel oil and vacuum gas oil (VGO), representing a significant increase in Russia's seaborne exports. These exports, which totalled around 4 million tonnes, are the result of the end of seasonal maintenance work.
The Colombian government plans to raise diesel prices from July onwards for the main extractive industries, in order to economically stabilize a strategic fund.
The Colombian government plans to raise diesel prices from July onwards for the main extractive industries, in order to economically stabilize a strategic fund.
In the midst of geopolitical tension, oil markets remain cautious, affected by conflicts in the Middle East and Russian-Ukrainian relations.
In the midst of geopolitical tension, oil markets remain cautious, affected by conflicts in the Middle East and Russian-Ukrainian relations.
Société nigérienne du pétrole (SONIDEP) begins oil exploration and production, marking a historic turning point for Niger's energy independence.
Société nigérienne du pétrole (SONIDEP) begins oil exploration and production, marking a historic turning point for Niger's energy independence.
The UK Supreme Court has overturned approval for an oil drilling project at Horse Hill, citing inadequate environmental assessment.
The UK Supreme Court has overturned approval for an oil drilling project at Horse Hill, citing inadequate environmental assessment.

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