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Brunei LNG delivers first cargo post-outage, strengthening SE Asia Energy supply

Brunei LNG has resumed operations with a successful LNG cargo delivery to PetroVietnam Gas following an outage in May. This key event bolsters Energy security in Southeast Asia, showcasing the region's robust Energy infrastructure.

June 19, 2024
2 min

Latest News

June 19, 2024
4

Libyan Crude Oil Production Reaches 1.25 Million Barrels Per Day

The National Oil Corporation (NOC) of Libya announced that the country's crude oil production has reached 1,254,000 barrels per day, with additional condensate production at 54,141 barrels per day and natural gas production at 200,483 barrels. The NOC has outlined an ambitious plan to drill 121 new wells and maintain 1,335 existing wells in 2024 to sustain and increase production. During a recent meeting with Prime Minister Abdul Hamid Dbeibah, NOC Chairman Farhat Bin Gadara set a target to boost production to two million barrels per day by the end of 2025, reflecting the NOC's commitment to enhancing Libya's energy sector and economic stability.
June 19, 2024
3 min

First Gen secures LNG supply deal with Tokyo Gas subsidiary, boosting Philippine Energy security

First Gen awards Tokyo Gas subsidiary TG Global Trading a contract for 125,000 m³ of LNG to bolster Philippine energy security.
June 19, 2024
6

Chevron Signs MOU for Hydrocarbon Development in Algeria

Chevron has signed a Memorandum of Understanding (MOU) with Algeria's national oil company, Sonatrach, to develop hydrocarbon resources in the Ahnet and Berkine basins. The agreement focuses on operational efficiency and leveraging advanced technologies to enhance environmental sustainability. Sonatrach CEO Rachid Hachichi highlighted the deal's potential to advance Algeria's mining sector, while Chevron's Vice President of International Exploration, Liz Schwarze, emphasized the significant oil and gas potential in Algeria's world-class petroleum system. The partnership aims to responsibly and sustainably develop Algeria's hydrocarbon resources, strengthening the country's position in the global energy market.
June 19, 2024
3 min

Shell expands LNG portfolio with strategic Pavilion Energy acquisition

Shell's acquisition of Pavilion Energy significantly enhances its LNG supply portfolio and market presence in Asia and Europe.
June 18, 2024
5

The Libya NOC Reports Surge in Daily Oil Production

The National Oil Corporation (NOC) has reported a significant increase in daily oil production, reaching 1,254,350 barrels over the past 24 hours. Alongside this, the NOC also produced 51,949 barrels per day of condensates and 216,034 barrels of oil equivalent per day of natural gas, bringing the total production to 1,522,333 barrels of oil equivalent per day. This surge follows Sunday’s production figures, which were slightly lower. The NOC has set an ambitious goal to increase its production capacity to two million barrels per day by the end of 2025, highlighting its commitment to growth and meeting global energy demands.
June 17, 2024
2 min

Etu Energias expands offshore portfolio with major stake acquisitions from Galp Energia

Etu Energias expands its deepwater oil production portfolio with strategic acquisitions from Galp Energia.
June 17, 2024
3 min

Venice Energy secures key partnerships for $300M Renewable-Powered LNG terminal in Port Adelaide

Venice Energy is advancing its pioneering LNG import terminal project in South Australia by entering formal negotiations with potential partners from the U.S. and Asia.
June 17, 2024
2 min

Breaking Ground: Construction Starts on Mayakán Energy Expansion Gas Pipeline

CFE and ENGIE México, alongside Energía Mayakán, have initiated construction on the Mayakán Energy Expansion Gas Pipeline, aimed at securing natural gas supply in the Yucatán Peninsula and generating thousands of jobs
June 13, 2024
2 min

Colombia Sets Ambitious Target to Boost Oil Production to 1 Million Bpd

Colombia aims to boost oil production to 1 million barrels per day by revitalizing older contracts and enhancing exploration in underutilized blocks.
June 13, 2024
2 min

Doris Wins FEED Contract for Mexico's Zama Oil Field Development

French engineering firm Doris has been awarded the FEED contract for Mexico's Zama field, a major offshore oil project expected to boost the country's energy supply significantly. 2/2
June 7, 2024
3 min

Jadestone Energy nears milestone with Akatara Gas project in Indonesia

Jadestone Energy nears the final stages of commissioning its Akatara gas processing facility in Indonesia, with first gas introduction imminent and commercial sales soon to follow.
June 6, 2024
3 min

FPSO vessel anchors offshore, advancing BP's ambitious GTA Gas project

bp's Greater Tortue Ahmeyim gas project marks a significant milestone with the arrival of the FPSO vessel offshore Mauritania and Senegal, setting the stage for a transformative LNG development.
June 17, 2024
2 min

Breaking Ground: Construction Starts on Mayakán Energy Expansion Gas Pipeline

CFE and ENGIE México, alongside Energía Mayakán, have initiated construction on the Mayakán Energy Expansion Gas Pipeline, aimed at securing natural gas supply in the Yucatán Peninsula and generating thousands of jobs
June 13, 2024
2 min

Colombia Sets Ambitious Target to Boost Oil Production to 1 Million Bpd

Colombia aims to boost oil production to 1 million barrels per day by revitalizing older contracts and enhancing exploration in underutilized blocks.
June 13, 2024
2 min

Doris Wins FEED Contract for Mexico's Zama Oil Field Development

French engineering firm Doris has been awarded the FEED contract for Mexico's Zama field, a major offshore oil project expected to boost the country's energy supply significantly. 2/2
April 25, 2024
2 min

Colombian Government Pursues Deal to Enable Ecopetrol to Tap into Venezuelan Oil and Gas Reserves

April 25, 2024
2 min

The US to Expand Natural Gas Shipments to Mexico with New Pipelines

April 25, 2024
3 min

Colombia's Offshore Boom: Exploring New Horizons in Rig Activity

April 18, 2024
2 min

Mexican Government Nationalizes Hydrogen Plant at Pemex Refinery

April 18, 2024
1 min

Exciting Discovery: Canacol Energy Unveils New Gas Source at Chontaduro 1 Well

Canacol Energy Ltd. has recently discovered a new natural gas well, Chontaduro 1, in Colombia, showing promising initial test results. The company is now gearing up to drill a second appraisal well, Chontaduro 2, to further assess the area's potential.
May 8, 2024
3 minutes

Amplus VGE and Carbon Circle Forge Strategic Alliance to Develop West Africa's Oil and Gas Fields

The collaboration between Amplus VGE and Carbon Circle aims to revolutionize access to West Africa's marginal oil and gas fields through innovative solutions and local engagement, offering end-to-end support from production to environmental sustainability.
May 8, 2024
2 minutes

Nigeria Opens 2024 with Major Investment Opportunities in 12 New Petroleum Blocks

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2024 cycle for petroleum license allocation, aiming to stimulate growth in the country's oil industry through transparent and fair processes, offering 12 blocks for exploration, thereby ensuring a promising future for Nigeria's energy sector.
May 7, 2024
3 minutes

Azule Energy Gains 42.5% Stake in Namibia's Promising Oil Sector

Azule Energy, in partnership with BP and Eni, secures a lease for petroleum exploration in Namibia's Orange Basin, marking its expansion into offshore oil exploration beyond Angola.
May 1, 2024
3 minutes

Expansion in Namibia: Chevron Secures 80% Stake in Strategic Exploration Permit

Chevron secures an 80% stake in Namibia's oil exploration permit, signaling its commitment to supporting the country's energy sector growth amidst recent discoveries.
April 30, 2024
2 minutes

Zimbabwe's Eureka Gold Mine to be Powered by Invictus Energy's Mukuyu-2 Gas Field

Invictus Energy's discovery of a substantial natural gas reserve in Zimbabwe's Cabora Bassa project will fuel the Eureka gold mine's operations, marking a strategic move towards leveraging the region's gas potential for electricity generation and revenue generation.
March 22, 2024
3 minutes

Ivory Coast Sets Sights on OPEC Membership Amidst Oil Sector Expansion

Ivory Coast aims to join OPEC, signaling its energy sector's growth and transition towards becoming a net exporter, propelled by recent significant oil discoveries like "Calao."
March 22, 2024
3 min

Libya Surpasses Nigeria to Record Africa's Largest Monthly Oil Production Increase

In a landmark development for Africa's oil industry, Libya surpassed Nigeria with the continent's biggest monthly increase in oil production. February saw Libya's output jump to 1.167 million barrels per day, up by 144,000 barrels from January, significantly outpacing Nigeria's increase of 47,000 barrels per day. This surge, as reported by OPEC, positions Libya as a key player in the global oil market and underscores the shifting dynamics within Africa's oil production landscape.