Wall Street circles Venezuelan oil while some majors still call it ‘uninvestable’
US Treasury Secretary Scott Bessent suggested independents and “wildcatters” may move faster than listed majors, saying their phones were…
South Africa launches new national petroleum company
South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows…
Norway Avoids Oil Worker Strike With New Wage Deal
Two labor unions and the Norwegian oil industry sealed a new wage deal that would ensure no strikes…
U.S. Shale Industry Braces for Increased Saudi Oil Production
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price…
United Arab Emirates makes strategic investments in Africa’s oil and gas sector
The UAE’s investment footprint in Africa’s oil and gas sector has expanded with its recent entry into Mozambique’s…
Ghana’s Petroleum Commission to outline upstream investment opportunities
Striving to increase production and reverse natural declines in mature oilfields, Ghana is promoting new investment across its…
Nigeria’s National Petroleum Co. seeks advisers for long-delayed IPO
(Bloomberg) – Nigeria’s state oil company is courting international and local markets for advisers as it prepares for…