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TotalEnergies to Invest US$3 Billion in Angolan Oil Exploration

The French oil giant, TotalEnergies, has committed $3 billion to renewable energy and oil exploration projects in Angola. The chief executive of the French multinational energy company, Patrick Pouyanné, disclosed...
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Libya agrees with ENI and BP to Produce Gas in the Mediterranean

Farhat Bengdara, the chairman of the Libyan National Oil Corporation (NOC), announced that he had reached an agreement with British Petroleum (BP) and the Italian oil company Eni to begin...
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Saudi Arabia and UAE Push for Increased Oil Production Days before COP 27

Days before the start of the COP27 climate summit in Egypt next week, Saudi Arabia and the UAE have declared that oil continues to be a key component of the...
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Daewoo E&C Submits Letter of Intent to Renovate Kaduna Refinery

In the presence of Nigerian President Muhammadu Buhari, South Korean developer Daewoo E&C and its Nigerian counterpart signed a letter of intent to renovate the Kaduna Refining and Petrochemical Company...
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The World Needs Russian Oil – IEA ED

The International Energy Agency's (IEA) Executive Director, Fatih Birol, stated at the Singapore International Energy Week on Tuesday that even with the proposed price cap, the world's oil market will...
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GNPC Calls for International Tenders for Block in Tano Basin Offshore Ghana

The Ghana National Petroleum Corporation (GNPC) invites applications for pre-qualification from internationally reputed geophysical service providers to carry out the Acquisition and Processing of 1200 sq.km of 3D Marine Seismic...
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The European Union to Discuss Emergency Gas Cap Proposal

A source informed the Wall Street Journal on Tuesday that the European Commission (EC) presented a proposal outlining the steps companies may take to collectively buy natural gas; how natural...
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OPEC+ Members Insist Its Production Cut Was Not Political

In what appeared to be a concerted response to U.S. criticism of the cut, numerous OPEC+ producers backed the group's decision to lower production in November via several statements on...
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Qatar to Accelerate Namibian Hydrocarbon Developments

Qatar's Energy Minister and CEO of the state-owned Qatar Energy, H.E. Eng. Saad bin Sherida Al Kaabi, has emphasised his nation and company's commitment to accelerating development, following the announcement...
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Russia’s Oil Revenues Drop to the Lowest in 2022 – IEA

The International Energy Agency (IEA) said on Thursday that falling crude oil prices and decreased oil exports caused a $3.2 billion decline in Russia's oil profits to $15.3 billion for...
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