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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. crude oil production, or nearly 2 million bopd. According to the U.S.

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South Africa launches new national petroleum company

Oil & Gas 360º

(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

By March 2025, the facility began injecting crude, with GEIL’s production averaging 5,000 bpd. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan. The government has long-sought to revive crude production through the development of marginal fields.

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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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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

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Mexico halts U.S. fuel imports by truck amid crackdown on illegal sales

Oil & Gas 360º

fuel imports despite being a major crude oil producer. petroleum products, and petroleum products accounted for 87% of the total energy exports from the United States to Mexico in 2023, according to EIA data. petroleum product exports to Mexico averaged 1.2 Mexico is the largest export market for U.S.

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Chevron starts oil production from Ballymore Project in Gulf of America

Oil & Gas 360º

Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. About Chevron Chevron is one of the worlds leading integrated energy companies.

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