Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. SourceContinue Reading
The African Energy Chamber (AEC) has voiced its support for the inaugural Congo Energy & Investment Forum (CEIF), set to take place in March 2025. This milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent. SourceContinue Reading
(Bloomberg) – Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation. SourceContinue Reading
McDermott has received the ISO 50001 certification for energy management at four of its major fabrication yards. These certified yards are integral to McDermott’s engineering, procurement, construction, and installation (EPCI) services, enabling major offshore and onshore projects worldwide. SourceContinue Reading
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory draw of 1.8 million barrels for the week to November 22. The change compared with a draw of 5.9 million barrels for the reported week as estimated by the American Petroleum Institute. It also followed an estimated inventory build of...Continue Reading
Russia’s Fuel Exports Jump to 8-Month High | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 27, 2024, 9:30 AM CST Following the end of autumn maintenance season at refineries, Russia’s shipments of refined petroleum products have surged so far in November to their highest...Continue Reading
Russia’s Shadow Fleet Has Moved Its Oil Smuggling Operations to New Waters | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Nov 27, 2024, 9:00 AM CST Russia’s shadow fleet has moved its ship-to-ship transfers to the Aegean Sea to avoid detection and...Continue Reading
Goldman Sachs: OPEC+ Cuts Provide Near-Term Upside to Oil Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 27, 2024, 8:30 AM CST The ongoing OPEC+ oil production cuts and the improved compliance with quotas from some producers are supporting Brent Crude, offering a...Continue Reading
EU Dismisses Nord Stream 2 Challenge Against Gas Pipelines Rules | 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 Related News By Tsvetana Paraskova – Nov 27, 2024, 7:30 AM CST The EU’s General Court on Wednesday...Continue Reading
Reconnaissance Energy Africa Ltd. announces that it has reached total depth (TD) of 4,184 meters (13,727 feet) on the Naingopo exploration well on Petroleum Exploration License 073 (PEL 73), onshore Namibia. SourceContinue Reading
