(Bloomberg) – OPEC+ declined to alter its existing oil-production plans at a review meeting on Monday, even as President Trump called for lower crude prices. A panel of key members maintained plans to keep a lid on crude supplies for Q1 2025, according to statements. SourceContinue Reading

(Bloomberg) – Nigeria, Africa’s biggest oil producer, has set itself a target of boosting daily production by about three fifths to 2.7 million barrels of crude and condensate by 2027, an adviser to the country’s president said. SourceContinue Reading

Baker Hughes has won a multi-year contract with ExxonMobil Guyana to provide all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar FPSO vessels. The offshore developments feature combined 500,000 bpd capacity. SourceContinue Reading

Ecopetrol S.A. announced that its U.S. subsidiary, Ecopetrol Permian, has reached an agreement with Occidental Petroleum (OXY) to extend its development plan of Rodeo Midland Basin LLC under the joint-venture first established in July 2019.  SourceContinue Reading

(Bloomberg) – Tullow Oil Plc said it will consider selling non-core assets while it plans to repay bonds maturing soon with a mix of cash and available credit lines. Tullow borrowed billions of dollars during its free-spending days searching for new oil basins. SourceContinue Reading

Golar LNG has entered into a share purchase agreement for the sale of all its shares in Avenir LNG to Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD $40 million. The transaction is expected to be completed during Q1 2025. SourceContinue Reading

(Bloomberg) – Oil prices went up this week after President Trump announced the U.S. would impose tariffs on a wide range of imports, including oil and gas. The decision could impact flows across North America’s tightly integrated market. SourceContinue Reading

TotalEnergies has selected IFS Cloud as part of its global asset management strategy. By implementing industrial AI, TotalEnergies can maintain all exploration, production, refining, and chemicals assets on a single platform, IFS stated. SourceContinue Reading

Crescent Energy Company announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million, consisting of $830 million in cash and 5,454,546 shares. SourceContinue Reading

(Bloomberg) – Chevron Corp. plans to increase oil production by as much as 10% in the Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.  SourceContinue Reading