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
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
Angola’s national oil company Sonangol has signed two agreements with the Massachusetts Institute of Technology (MIT) aimed at strengthening cooperation and knowledge-transfer in the fields of oil, gas and critical minerals. SourceContinue Reading
Danos has secured a contract renewal with Eni to provide production labor for its Gulf of America/Gulf of Mexico assets. The agreement includes approximately 50 offshore positions, such as production operators, instrumentation and electrical technicians, mechanics and electricians. SourceContinue Reading
According to TIPRO’s analysis, direct Texas upstream employment for May totaled 208,200, an increase of 2,200 industry positions from April employment numbers, subject to revisions. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. SourceContinue Reading
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
