(Bloomberg) — Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation’s oil infrastructure and incentives in the sector attract investment, even though the gain could cross its OPEC+ commitment to limit production. SourceContinue Reading

Interoil Exploration and Production ASA has announced that its Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), has successfully completed a downhole intervention to the Vikingo well. SourceContinue Reading

ADNOC Gas plc and its subsidiaries today announced strong earnings for the third quarter of 2024, with net income increasing 11% year-on-year (YoY) to $1.24 billion, beating Bloomberg consensus for the quarter. SourceContinue Reading

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) showcased six high-potential onshore licensing opportunities and extensive data packages at African Energy Week: Invest in African Energies. SourceContinue Reading

South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy. SourceContinue Reading

ADNOC Gas announced it expects to acquire ADNOC’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at cost. Over 7 mtpa of the project’s total production capacity of 9.6 mtpa has already been committed to international customers. SourceContinue Reading

Last Mile Production will implement B4ECarbon™ in its West Texas oil and gas operations. A collaborative effort by Blockchain for Energy (B4E) and Enovate Ai, B4ECarbon™ is an emissions management solution to streamline emissions tracking and reduce the environmental impact of operations. SourceContinue Reading

The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. SourceContinue Reading

Chief executives from Perenco, Trident Energy, Tullow Oil and Afentra shared strategies to extend the lifespan of Africa’s ageing oil and gas assets during African Energy Week: Invest in African Energies 2024 SourceContinue Reading

(Bloomberg) – Oil driller Perenco S.A., owned by the billionaire Perrodo family, will concentrate three quarters of its $2 billion investments next year in a handful of African countries as part of a strategy that includes more gas projects. SourceContinue Reading