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Company News
TotalEnergies plans $750m gas project in Nigeria to boost LNG
TotalEnergies is considering a $750m (N1.25tn) gas project in Nigeria to boost liquefied natural gas (LNG) supplies, reported Bloomberg.
Company News
Ecopetrol to allocate half of 2025 budget to exploration and production
Ecopetrol’s board has approved a 2025 investment budget of 24-28 trillion pesos for crude and gas exploration and production.
Deal News
ONGC Videsh acquires stake in Azeri oilfield from Equinor
ONGC announced that its international arm ONGC Videsh has acquired a 0.615% participating interest in the ACG oilfield from Equinor.
Deal News
GeoPark signs exclusive binding agreement to Acquire Repsol’s Colombian assets
GeoPark has signed binding SPAs to acquire Repsol’s upstream oil and gas assets in Colombia, expanding its presence in the Llanos Basin.
Company News
CNOOC starts production at Huizhou 26-6 oilfield development project
China National Offshore Oil Corporation (CNOOC) has commenced production at the Huizhou 26-6 oilfield development project.
Company News
Petrobras initiates FPSO bid for Sergipe Deep Waters project in Brazil
Petrobras has begun procuring up to two FPSO units for the Sergipe Deep Waters (SEAP) project in Brazil’s Sergipe-Alagoas Basin.
Company News
Russia suspends gasoline export ban for producers
Russia has lifted the gasoline export ban for producers but extended restrictions for independent traders and resellers until 31 January 2025.
Company News
Woodside to onboard partners for Louisiana LNG project by March 2025
Australia’s Woodside Energy aims to bring several partners for its Louisiana liquefied natural gas (LNG) project by the first quarter of 2025.
Analyst Comment
The US continues to dominate renewable diesel production capacity by 2030
Renewable diesel production continues to gain importance globally as it is less carbon intensive, provides superior performance in cold conditions, and can be stored much longer when compared to petroleum diesel.
