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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.

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Energy Market Assessment: Headlines continuing to paint a bearish oil & natural gas picture during the month of May

Oil & Gas 360º

Wednesdays main oil market headline was that U.S. The main headline from Wednesday mornings release of the Department of Energys (DOEs) Weekly Petroleum Status Report was that U.S. crude oil inventory increased again. Commercial crude oil inventory increased 1.3 inventory increased again. mmb less than 458.8

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Energy Market Assessment: Supply expectations high and demand expectations low

Oil & Gas 360º

The price of WTI crude oil back below $60 reflects much fear plus news that OPEC+ will increase production. While price expectations are extra depressed, crude oil inventory at Cushing (where futures contracts are delivered) is down extra low. Oil bearishness is helped by the increase in total U.S.

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. Addressing Parliament while presenting the 2024 budget and economic policy, the finance minister detailed that the Greater Jubilee field contributed 21.94

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. (NSAI) Netherland, Sewell & Associates, Inc.

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Tankers showing caution around Strait of Hormuz after U.S. attack on Iran nuclear sites

CNBC: Energy

Morteza Nikoubazl | Nurphoto | Getty Images "Some tanker owners may feel that China, who buys 90% of Iranian crude oil along with significant quantities of oil from the Middle East, is pressuring Iran not to disrupt shipping," Lipow added. In 2023, oil flows through the waterway averaged 20.9

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Kazakhstan considers options to meet OPEC+ production cut obligations

Oil & Gas 360º

The national oil funds revenue fell by 43% by the end of April from year earlier, as lower prices offset the increase in crude output, Halyk Finance said. Russia, a fellow member of OPEC+,is consideringchanging its budget building mechanism in response to sliding oil revenue. million bpd in June, compared with 1.85

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