(Bloomberg) – Guyana’s President Irfaan Ali on Tuesday firmly ruled out formally asking Exxon Mobil Corp. to renegotiate its production contract, resisting calls from his political opposition and activists in the country. SourceContinue Reading

Subsea7 announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea. SourceContinue Reading

Sintana Energy announced that the PEL 83 Joint Venture has successfully drilled and logged the Mopane-2A well in the heart of Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia of Portugal. SourceContinue Reading

Eni has kicked off Phase 2 of the Baleine field, offshore Ivory Coast. Said to be the largest discovery in the country and the first net-zero emission upstream project, production is poised to reach 60,000 bopd and 70 million cubic feet of associated gas. SourceContinue Reading

(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year. SourceContinue Reading

Sinopec has released the first sustainability report published by a Chinese company in Algeria, with the goal to establish a long-term, sustainable model and unity between oil and gas exploration, environmental protection and social progress. SourceContinue Reading

Flotek has provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency (EPA). The EPA’s proposed amendments, issued Dec. 20, address industry concerns on the complexity of flare monitoring and testing. SourceContinue Reading

Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero. SourceContinue Reading

(Bloomberg) – Carlos Slim, Latin America’s richest man, invested $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn’t going away anytime soon. SourceContinue Reading

Cheniere Energy announced that liquefied natural gas (LNG) was produced for the first time from the first train (Train 1) of the company’s Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3). SourceContinue Reading