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World Oil News
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit. Source
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The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump’s swift and decisive action on Day 1 to unleash American energy. Source
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CNOOC has announced that Dongfang 29-1 Gas Field Development Project has commenced production. The project is expected to achieve a peak production of 38 million cubic feet of natural gas per day in 2025. Source
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With the inauguration of U.S. President Donald Trump on January 20, the future of American involvement in Africa’s energy sector is set for a significant shift. President Trump’s approach to energy has consistently focused on strengthening American interests, particularly by prioritizing domestic energy production. Source
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Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector. Source
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MAGA Republican leaders, the so-called ‘climate deniers’—and its leader (Trump) label climate change a “hoax.” What does this mean for climate policy and the energy transition in the U.S.? And will the change in U.S. policy affect European policy as well? Source
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(Bloomberg) – U.S. President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most U.S. coastal waters as he made sweeping moves his first hours in office to unleash American energy development. Source
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The Energy Workforce & Technology Council (EWTC) issued statements in support of President Donald J. Trump’s declaration of a national energy emergency, signaling a decisive step toward strengthening America’s energy security. Source
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ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. This landmark agreement is underpinned by a 10-year flexible natural gas sales and purchase agreement between ADNOC Gas Facilities LLC and EWEC worth $10 billion.  Source
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American Petroleum Institute (API) President and CEO Mike Sommers issued a statement in response to President Trump’s Day One executive orders to unleash American energy, applauding the President’s swiftness and decisiveness. Source
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