Drilling and exploration activities in Africa are progressing rapidly, with a significant increase in activity. The Noble Venture, a large exploration vessel owned by Britain's Noble Corporation, is set to embark on two new missions in Africa.
Before the 2020s, four offshore projects were in the works near Texas. These plans, however, were derailed by a series of crises that rocked the oil industry, reshaping the flow of oil trade.
Galp's share price surged by more than 20% in early trading on Monday following the announcement of a significant oil discovery in offshore Namibia.
Despite the global rise in fuel prices, some countries are striving for a leading position among the cheapest gasoline providers. This trend is driven by the increasing energy demand and rising tensions in the Middle East, which threaten to push the price of oil above $100 per barrel.
Today, Friday, April 19, 2024, the Sultanate of Oman has finalized a new liquefied gas agreement, marking the third such deal this week and the fourth since the beginning of the year.
Kazakhstan, a non-OPEC oil producer participating in the OPEC+ agreement, is contemplating the construction of an oil pipeline in the Caspian Sea, according to a report by the Russian news agency Interfax citing Kazakhstan’s Energy Ministry.