Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal and commenced operations. The newly-constructed facility is the first indigenous onshore terminal constructed in the country in five decades. SourceContinue Reading
Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted by recent discoveries and the start of production at two offshore fields. “By 2035, crude-oil production is expected to reach at least 500,000 bpd,” said the Minister of Petroleum. SourceContinue Reading
Brent crude oil futures remain capped below the $80/bbl mark, as the crisis enters its second week with no clear resolution in sight, Rystad Energy analysts stated. The U.S. has signaled a potential two-week window for possible military action, while still leaving room for diplomacy. SourceContinue Reading
Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude flows that have been largely unaffected so far. SourceContinue Reading
A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady, according to Bloomberg’s vessel tracker. SourceContinue Reading
Oil slumped after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing fears about an imminent attack from the U.S. SourceContinue Reading
At the 96th Annual Meeting of the Independent Petroleum Association of America (IPAA) in Williamsburg, Va., Don Sparks the co-founder and chairman of the board of Discovery Operating, Inc., was presented with the 2025 Chief Roughneck Award. SourceContinue Reading
Continuing with the success of Phases I and II of its Laconia 3D OBN multi-client seismic program in the U.S. Gulf, Viridien has announced, in collaboration with partner TGS, the start of Laconia Phase III. SourceContinue Reading
SBM Offshore has signed an operations and maintenance contract with TotalEnergies for the FPSO GranMorgu. The contract marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname. SourceContinue Reading
Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. Namibia is targeting first oil output in the next five years, SourceContinue Reading
