(Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. SourceContinue Reading
The African Energy Chamber is calling for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa’s oil and gas industry. SourceContinue Reading
The Republic of Congo has set ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd in 2025, with a panel discussion planned for CEIF 2025 to outline the country’s production targets. SourceContinue Reading
(Bloomberg) – President Donald Trump’s Environmental Protection Agency is considering rescinding California’s permission to tackle climate change through stringent automobile pollution limits, the administration said in a U.S. Supreme Court filing. SourceContinue Reading
Atlas Energy Solutions has completed the delivery of 100 loads of proppant with its two RoboTrucks, semi-trucks equipped with the Kodiak Driver, Kodiak Robotics’ self-driving system. SourceContinue Reading
Chevron announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. The FGP expansion aims to increase crude oil production by 260,000 bpd at full capacity. SourceContinue Reading
(Bloomberg) – Chevron has completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million bpd by mid-2025. The expansion comes as U.S. President Donald Trump this week said he’ll push OPEC and its allies to lower oil prices. SourceContinue Reading
(Bloomberg) – Argentina scored its widest annual energy trade surplus in nearly two decades in 2024 thanks to booming oil and gas production in the country’s Vaca Muerta shale patch. It’s forecast to do even better this year. SourceContinue Reading
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. SourceContinue Reading
Ovintiv Inc. today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. Selling its Utah assets frees up Ovintiv to focus on the Permian basin. SourceContinue Reading