… He said the Petroleum Commission and the ministry would have much of the detail. “But what we all know is that from the Africa Oil Week, Chevron and Shell signed an MOU to look at work in the Eastern Keta Basin. …
… ield.” He also cited the ENI commitment, although he did not give details of the work it would finance. “We saw the $1.5 billion announcement by ENI and their partners and co., and so there’s a lot of activity within that space.” Beyond those announcements, Mr Madjie said Chevron …
… U.S. companies Chevron and GE Vernova, India’s ONGC, Italy’s Eni and Colombia’s GeoPark are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects in the OPEC country, five sources close to the preparations said on Monday. …
… Even companies in more privileged positions to use docks after decades of partnership with PDVSA, like U.S. oil major Chevron, are looking for solutions to improve loading, including requesting access to ports so far dedicated to domestic shipping, sources said. …
… According to the singer, the incident happened in 2019 when he was allegedly invited to Chevron under the impression that he was going to be hosted. …
… US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significant …
… US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significant …
… isk premium tied to the Strait of Hormuz remains firmly in place, so the downside is likely to stay limited.” “In the very near term, prices could see some consolidation or mild pullback as markets reassess positioning and react to mixed diplomatic signals.” On Monday, Chevron …
Ghana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
Ghana Investment Promotion Authority CEO Simon Madjie acknowledged talks about ExxonMobil returning to Ghana but declined to reveal specifics, referring further questions to the Minister of Energy and Petroleum Commission. He also noted that Chevron and Shell signed an MOU to explore work in the Eastern Keta Basin, and reported interest from Petrobras in Ghana's petroleum acreages.
Shell and Chevron have signed a memorandum of understanding to explore opportunities in Ghana's Eastern Keta Basin, while Brazil's Petrobras has expressed interest in the country's oil acreage and blocks. The developments occur alongside investment announcements from existing operators, including $2 billion in planned Jubilee field drilling and a $1.5 billion announcement by ENI and its partners.
Jubilee and ENI partners have announced combined investments of $3.5 billion in Ghana's oil sector, comprising $2 billion for drilling 20 wells in the Jubilee field and $1.5 billion from ENI and its partners, according to Ghana Investment Promotion Authority CEO Simon Madjie. He also cited interest from Chevron and Shell, which signed a memorandum of understanding to explore work in the Eastern Keta Basin, and Petrobras' interest in Ghana's oil acreages.
Oil prices gained on Tuesday as renewed fighting between the U.S. and Iran in the Middle East raised fears of supply disruptions, with Brent crude up 0.6% to $91.05 a barrel and U.S. West Texas Intermediate up 1% to $86.59. The escalation, including President Trump's threat of further strikes following Sunday's direct attacks, has raised concerns about potential damage to energy infrastructure around the Gulf and shipping disruptions through the Strait of Hormuz.
Venezuela's crumbling port terminals are capping crude exports at 1.25 million barrels per day despite higher production, with tankers facing up to 30-day delays due to ageing infrastructure, power outages, and quality issues. The infrastructure bottleneck is complicating U.S. efforts to quickly boost Venezuelan oil exports and creating disputes over demurrage costs.
Nigerian singer Brymo has alleged that 2Face, Burna Boy and Davido know about an incident in 2019 when he claims he was attacked and pressured to join a secret cult at Chevron; he is demanding the three musicians publicly deny involvement rather than apologise.
Oil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.
Oil prices eased more than 1% on Tuesday after the U.S. Navy launched an operation to loosen Iran's closure of the Strait of Hormuz, with a U.S.-flagged vessel successfully exiting the Gulf with military escort. Brent crude fell to $113.22 per barrel and WTI crude to $104.40, though analysts cautioned the escorted passage remains a limited event rather than full reopening.