India Launches Its Biggest-Ever Oil Tender
India has issued a tender for 75 oil and gas blocks, the largest such tender in the country's history. According to the Indian Directorate General of Hydrocarbons, the tender is...
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TotalEnergies Completes $350 Million Sale of its Assets Offshore Gabon to Perenco
TotalEnergies, the French oil and gas giant, has announced the completion of a $350 million deal to sell its portfolio of seven mature, non-operated assets offshore Gabon, including the Cap...
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Oil Prices Rise on U.S. Record Oil Demand
On Thursday, the price of WTI crude rose nearly 2% after the EIA reported that implied petroleum product demand in the United States had reached new highs. For the week...
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Coal will Hit a Record-High in 2022 Despite Net-Zero Pledges – IEA
The economic recovery from the pandemic is driving up coal power generation this year, with global coal demand projected to hit a new high next year, undermining net-zero efforts, according...
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#MSGBC2021: “We Anticipate a Bright Future for Africa’s Oil Industry” – Barkindo
Day one of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition featured an opening keynote address by OPEC Secretary General, H.E. Mohammed Barkindo, who spoke on the outlook...
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India Seeks $1.5B to Expand its Oil Caves
India is looking for $1.5 billion in investments from global oil producers and traders to help it develop additional emergency crude stockpiles that will operate as a hedge against price...
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FAR Finds Oil Traces in Bambo-1 Exploratory Well Offshore The Gambia
Following indications of oil traces in rock cuttings and hydrocarbons detected across numerous intervals, FAR, an Australian oil and gas exploration company will expand the extent of its Bambo-1 exploratory...
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ADNOC Discovers 1B Barrels of Oil Equivalent from a Well in Abu Dhabi’s Onshore Block 4 Concession
ADNOC identified large conventional oil, condensate, and gas potential worth up to 1 billion barrels of oil equivalent from an exploration well in Abu Dhabi's onshore Block 4 concession. The...
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APPO Concludes 41st Ministerial Session; Elects & Appoints New Executives for 2022
The 41st Ministerial Session of the African Petroleum Producers' Organization (APPO) was held via videoconference this Tuesday, December 14, 2021. In the session chaired by the Minister of Mines and...
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Latest American Petroleum Institute Inventory Shows Little Impact on Oil Prices
The American Petroleum Institute (API) predicted the crude oil inventory draw to be 815,000 barrels this week. Since the beginning of the year, U.S. crude inventories have dropped by 61...
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