OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects an increase of 240,000...
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French oil major TotalEnergies expects to take a final investment decision (FID) on its Namibian offshore oil discovery in 2026. Chief executive Patrick Pouyanne said this at a press briefing on Wednesday. The development would have a production capacity of 150 000 barrels per day, down from an initial 160 000 barrels per day discussed […]
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects an increase of 240,000...
Completed a 24-hour run on February 12, processing 11,573 barrels, surpassing the 10,000 barrel per day (“bpd”) milestone Built and deployed...
TotalEnergies TTE CEO Patrick Pouyanne said this week that Europe should negotiate to obtain a free-trade guarantee on U.S. liquefied […]
PBR is targeting oil assets, particularly in Angola, Namibia and South Africa, to boost its reserves. It aims to reach a production level of 2.8...
Bank of Namibia governor Johannes !Gawaxab says the country should lower its expectations when it comes to the oil industry. !Gawaxab, speaking during...
Last week, US oil major Chevron, completed a farm-in agreement with Custos Energy for PEL 82 in the Walvis Basin offshore Namibia. Under this...
Kaieteur News- ExxonMobil Guyana Limited (EMGL), the operator of the oil-rich Stabroek Block, will be targeting at least one more discovery this year...
As the Republic of Congo strives to reach a crude oil production target of 500,000 barrels per day, it is also making significant strides in advancing...
Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to...
Bank Windhoek announced a N$550,000 sponsorship for the Namibia Chess Federation (NCF) for 2025 on Tuesday. The sponsorship will support the growth...