
Shell’s $1.3bn Nigeria oil asset sale hits regulatory roadblock
Nigeria’s oil regulator has rejected Shell’s planned $1.3 billion sale of its onshore oilfields to the Renaissance Group.

Nigeria’s oil regulator has rejected Shell’s planned $1.3 billion sale of its onshore oilfields to the Renaissance Group.

Petrobras has commenced production from the Maria Quiteria FPSO in Jubarte field within the Campos Basin, offshore Brazil.

Woodside Energy has marginally increased its annual production forecast following a 20% jump in quarterly production.

China Petroleum & Chemical Corporation has reported progress in the development of shale oil at its Jiyang pilot project in east China

US-based Exxon Mobil is considering divesting a portion of its assets in the Bakken shale formation located in North Dakota, US, reported Reuters.

The global oil market is facing a substantial surplus moving into the next year, says International Energy Agency.

Northern Ocean Limited (NOL) signed a “LOI” with Kinetic Pressure Control to enhance its 6th generation semi-submersible rigs.

Chevron is intensifying its oil and gas production in the Permian Basin, a region renowned for its prolific oil and gas reserves.

TotalEnergies is anticipating a significant decline in its Q3 earnings, primarily due to a substantial decrease in refining margins.

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