Angola’s 2025 limited tender will feature Block 40, Block 25, Block 39 and Block 26 in the Benguela basin as well as Block 22, Block 35, Block 37, Block 38 and Block 36 in the Kwanza basin. Additionally, the country has four onshore blocks available; 11 blocks on permanent offer; and five marginal fields ready...Continue Reading

Africa’s Top Oil Producer Aims to Fight Soaring Inflation with Gold Reserves | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 09, 2024, 12:30 PM CDT Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central...Continue Reading

Georgia’s Complex Relationship with NATO | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 09, 2024, 12:00 PM CDT NATO leaders will focus on enhancing Ukraine’s defense capabilities...Continue Reading

Shell Looks To Drill Ultra-Deepwater Wells Off South Africa | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 09, 2024, 11:30 AM CDT Oil and gas supermajor Shell is applying for authorizations to drill ultra-deepwater wells offshore South Africa, looking to expand the recent discoveries...Continue Reading

Tesla Short Sellers Are Getting Burned | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 09, 2024, 11:00 AM CDT Hedge funds that heavily shorted Tesla suffered significant losses as the stock rallied nearly 50% in a week. Tesla’s profit margins are...Continue Reading

Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. The FTSE 100 oil major, which in April surprised investors with a better-than-expected oil and gas trading performance in the...Continue Reading

Green Economy’s 198% Return Second Only to Tech in the Past Decade | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 09, 2024, 10:00 AM CDT Green companies delivered a...Continue Reading

Devon will disburse $3.25 billion in cash and $1.75 billion in stock, it said in a statement Monday. The company plans to finance the first portion with cash on hand and debt. The deal is expected to close by the end of the third quarter. SourceContinue Reading

Manatee is slated to start production in 2027. Once online, Manatee is expected to reach peak production of approximately 104,000 boed. SourceContinue Reading

The company expects to drill as many as five wells within the Northern Cape Ultra Deep license block, about 300 km (186 miles) offshore the west coast of South Africa in depths up to 3,200 m. Shell and TotalEnergies SE made oil and gas discoveries in Namibian waters north of the block starting in 2022....Continue Reading