You are Here

Category: Oil

Corporate News International Oil

TotalEnergies Reaffirms Commitment to Namibia’s Emerging Oil Sector

Patrick Pouyanné, Chief Executive Officer of TotalEnergies, paid a courtesy visit to Namibian President Netumbo Nandi-Ndaitwah in Windhoek on Friday, reaffirming the company’s commitment to exploring and investing in Namibia’s growing oil sector. During the meeting, President Nandi-Ndaitwah expressed optimism about recent offshore oil discoveries, describing them as timely and significant for Namibia’s economic future. Pouyanné highlighted that TotalEnergies’ strong interest in Namibia is driven by the country’s stable and investor-friendly environment. The visit follows

Loading

Read More Here

International News Oil

Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access

The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The

Loading

Read More Here

Corporate News International Oil

TotalEnergies Commits $500 Million to Boost Production at Congo’s Moho Nord Field

French oil major TotalEnergies has announced a $500 million investment to enhance exploration and production activities at the Moho Nord offshore field in the Republic of Congo. CEO Patrick Pouyanné made the commitment earlier this week during a meeting with Congolese President Denis Sassou Nguesso in Oyo, where they discussed the company’s current operations and future investment plans. TotalEnergies aims to increase Moho Nord’s output by 40,000 barrels per day (bpd), further solidifying its position

Loading

Read More Here

International Oil

Egypt Ramps Up Oil Drilling in Gulf of Gharib to Boost Domestic Production

Egypt has launched a renewed oil exploration campaign in the Gulf of Gharib, a region in the Eastern Desert, with plans to drill 75 new wells over the next year. The initiative is being led by the state-owned Egyptian General Petroleum Corporation (EGPC), which is deploying three advanced drilling rigs to accelerate development in this modest but strategically important oil-producing region. Currently producing around 1,500 barrels per day, the Gulf of Gharib is expected to

Loading

Read More Here

International News Oil

Turkey’s Tüpraş Boosts Nigerian Oil Exports Amid Diversification of Supply Sources

Turkey’s largest oil refinery, Tüpraş, has emerged as a new buyer of Nigerian crude, placing fresh orders for cargoes scheduled for delivery in March and April. This marks a significant boost for Nigeria’s oil export ambitions as the country seeks to ramp up production and increase foreign exchange earnings. The transaction, tracked by global commodity data firm Kpler, confirms shipments to Tüpraş but does not specify the exact volumes. The deliveries, expected over a two-month

Loading

Read More Here

International Exploration Gas Oil

Turkey Expands Energy Reach with New Exploration Plans in Bulgaria, Libya, and Iraq

Turkey is actively negotiating new oil and gas exploration deals in Bulgaria, Iraq, and Libya as part of a broader push to boost domestic production and strengthen its role as a regional energy hub, according to Energy Minister Alparslan Bayraktar. State-owned energy company Turkiye Petrolleri AO (TPAO) is expected to sign an agreement within the coming month with an undisclosed foreign partner to conduct offshore exploration in Bulgaria’s section of the Black Sea, Bloomberg reported.

Loading

Read More Here

Corporate News Exploration Oil

ReconAfrica Expands Into Angola Through Strategic Oil Exploration Deal

ReconAfrica has signed a Memorandum of Understanding (MOU) with Angola’s National Oil, Gas and Biofuels Agency (ANPG) to jointly explore the Etosha-Okavango Basin in southeastern Angola. The agreement marks a significant expansion of ReconAfrica’s exploration footprint in the Damara Fold Belt and Rift Basin, adding 5.2 million acres in Angola to its existing 6.3 million acres in Namibia. This low-cost entry into Angola’s onshore sector comes with minimal work obligations and aligns with the company’s

Loading

Read More Here

Corporate News International Oil

TotalEnergies Begins Public Consultations for Venus Oil Project in Namibia

TotalEnergies has launched a series of public consultations in Namibia as part of the environmental and social impact assessment (ESIA) for its proposed offshore Venus oil project. Consultations will be held this week in Windhoek, with sessions scheduled for April 22 at the Franco-Namibian Cultural Centre and April 23 at the United Nations Plaza. The Venus project, located offshore Namibia, is expected to produce approximately 150,000 barrels of oil per day in its first phase.

Loading

Read More Here

Oil Gas International

Tanzania to Launch First Oil and Gas Licensing Round in Over a Decade

Tanzania will launch its first oil and gas licensing round in more than ten years in May 2025, with a formal event planned in the United Kingdom, according to the Petroleum Upstream Regulatory Authority (PURA). The bidding round will offer 26 exploration blocks, located in Lake Tanganyika and the Indian Ocean, as part of Tanzania’s renewed efforts to tap into its hydrocarbon potential and attract foreign investment. PURA Director General Charles Sangwenj confirmed that data

Loading

Read More Here

Corporate News Exploration International Oil

Chevron and Others Exit Egypt’s Red Sea Blocks After Exploration Disappointments

Several multinational oil and gas companies, including Chevron, have withdrawn from Egypt’s Red Sea concession blocks following unsuccessful exploration efforts, according to the Egyptian Ministry of Petroleum. In 2019, Egypt awarded exploration licenses in the Red Sea to Chevron, Shell, and Abu Dhabi’s Mubadala Investment Company through an international bidding round aimed at positioning the country as a regional energy hub. “These companies invested millions of dollars within the agreed timelines,” said Moataz Atef, ministry

Loading

Read More Here

1 2 3 4 … 140
en English pt Portuguese