Petroleum Exploration License 87 ("PEL 87") has recently been extended by one year, according to Sintana Energy Inc. The existing, initial four-year Initial Exploration Period for PEL 87, which is...

The Saudi energy minister said in an interview with the Saudi state news agency (SPA) that OPEC+'s market forecasts have been more accurate than others because they have been based...

Farhat Bengdara, the head of the National Oil Corporation, and Michael Ohnmacht, the German ambassador to Libya, had discussions on Saturday that were mostly about bilateral ties and energy-related cooperation....

Saipem, an Italian oilfield services company, has won new offshore contracts worth a combined $1.2 billion for work in Guyana and Egypt. According to Saipem, Petrobel has awarded the second...

OPEC's Monthly Oil Market Report, which was released on Tuesday, showed that the organization's daily crude oil production decreased by an average of 744,000 barrels. The lowest monthly average for...

The British independent energy company Savannah Energy PLC has announced that it has entered into a Share Purchase Agreement ("SPA") with PETRONAS International Corporation Limited ("PETRONAS") to purchase all of...

Speaking during a panel session at the ongoing 1th Practical Nigerian Content Forum (PNCF) in Uyo, Akwa Ibom State, the Chief Investment Officer, NNPC Upstream Investments Management Services (NUIMS), Bala...

H.E. Timipre Sylva, the Minister of State for Petroleum Resources, expressed confidence that Nigeria will reach its 1.8 million barrels per day (bpd) crude oil production target by the end...

The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022. According to the decision made by the OPEC and non-OPEC Participating Countries in the...