The discoveries include two unconventional oil fields, one light Arabian oil reservoir, two natural gas fields, and two natural gas reservoirs. SourceContinue Reading

Gasoline Traders Back Out of Nigeria Amid $6B in Unpaid Debt | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 04, 2024, 11:30 AM CDT Industry sources told Reuters on Thursday that Nigeria owes gasoline suppliers over $6 billion in outstanding debt, prompting traders to...Continue Reading

SLB announced that, as expected, it and ChampionX have each received a request for additional information (second request) from the United States Department of Justice (DoJ) in connection with the DoJ’s review of SLB’s planned acquisition of ChampionX. SourceContinue Reading

U.S. LNG exports yield significant economic advantages by bolstering natural gas production, thereby enhancing labor income within the sector and driving down the costs of imported goods while bolstering the value of the dollar, consequently stimulating heightened economic activity, according to the Center for LNG. SourceContinue Reading

These reconnaissance contracts cover the Safi-Essaouira and Agadir-Ifni areas offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. SourceContinue Reading

About eight months after Iran-backed Houthi rebels began seriously disrupting maritime traffic in the southern Red Sea and Gulf of Aden, June recorded the highest number of missile and drone attacks on commercial vessels this year and the second-largest since December. As instability in the Middle East intensifies, Houthi rebels have sunk one commercial vessel in recent weeks and have introduced kamikaze drone boats...Continue Reading

State-owned Aramco and ADNOC have been conducting preliminary evaluations of Santos as a possible acquisition target, the people said, asking not to be identified because the information is private. The Middle Eastern energy giants are investing billions of dollars in natural gas, which is seen as an important bridge fuel in the energy transition, especially...Continue Reading

Oil majors in Nigeria have been offloading onshore and shallow water blocks — located in a challenging operating environment, where infrastructure damage from crude theft is a regular occurrence — to domestic producers for more than a decade. SourceContinue Reading

China’s Government Car Procurement Includes Tesla for the First Time | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 04, 2024, 10:30 AM CDT China has included a Tesla model for the first time in its list of cars the government and party can use...Continue Reading

The U.K. North Sea Oil Industry Is in Decline | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jul 04, 2024, 10:00 AM CDT North Sea oil production...Continue Reading