Oil Production News Monitoring

More petrodollars expected as Nigeria’s oil output hits 44-month high

Nigeria’s oil production has rebounded to its highest level since April 2021, reaching 1.69 million barrels per day (bpd), raising the prospects for increased petrodollar inflows, which could bolster the Nigerian economy amid ongoing fiscal reforms. …

Control Valve Market Predicted to Reach USD 17.07 Billion by 2034, Representing a CAGR of 5.5%

The growing acquisition of automation covering several industries is driving the market demand. NEW YORK CITY, NY, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Our control valve market report has been prepared using advanced …

Petrobras’ $800M Offshore Deal: 100 New Wells Set to Boost Brazil’s Oil Output

Brazil’s oil giant Petrobras has struck a strategic $800 million deal with technology provider SLB, marking a significant shift in South America’s energy landscape. The contract targets the construction of 100 deepwater wells across Brazil’s richest …

Kyrgyzstan's Issyk-Ata Launches New Venture In Vegetable Oil Production

Seplat to Double Oil Production With $800m Mobil Assets Acquisition

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has once again trimmed its 2024 and 2025 oil demand growth forecasts. The bloc made this in its latest monthly oil market report for December 2024. The 2024 world oil demand …

Seplat Energy Completes Acquisition Of Mpnu

Seplat Energy becomes Nigeria's leading independent energy company Production doubles, combined assets include 11 blocks (onshore and shallow water Nigeria); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals …

Seplat Energy Completes Acquisition Of Mobil Nigeria From ExxonMobil

December 13, (THEWILL) – Seplat Energy Plc has finalized its acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil Corporation, marking a significant milestone in the Nigerian oil and gas sector. The $800 million transaction, initially agreed …

OPEC’s Oil Production Rose in November as Libyan Output Jumped

Crude oil production from all OPEC members rose by 104,000 barrels per day (bpd) in November compared to October, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday. Total OPEC-12 crude oil production averaged 26.66 million bpd last …

How do governments discursively reconcile plans for expanding oil and gas production with global climate goals? The ...

Following a tradition of critical discourse analysis, this research draws on textual analysis of policy documents and public statements related to oil and gas production to shed light on how power relations are leveraged to slow down the energy transition …

Nigeria oil production hits 1.5 million bpd barrels in November 2024 — OPEC

Nigeria’s oil output, excluding Condensate increased month-on-month, MoM, to 1.5 million barrels per day(bpd) in November 2024, according to the Organisation of Petroleum Exporting Countries (OPEC). This is an improvement considering the 1.3 million bpd in …

Adeyemi-Bero’s OPEC Appointment A Big Leap For IPPG 

  Uche Cecil Izuora The Independent Petroleum Producers Group (IPPG) has celebrated the historic appointment of Ademola Adeyemi-Bero, one of its founding members, pioneer Chairman, and Trustee, as Chairperson of the Organisation of Petroleum Exporting …

See Seplats Expanded Plan Of Operations After ExxonMobil Acquisition

  Yemisi Izuora Indigenous oil company Seplat has announced the completion its acquisition of ExxonMobil’s onshore and shallow water business after an almost three-year process, in the most high-profile IOC divestment deal to get over the line. Seplat …

Seplat completes acquisition of MPNU from ExxonMobil

Seplat Energy says it has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. In a statement on Thursday, Seplat Energy described the transaction as transformative. Seplat said it will more than double production and …

Replace fossil fuel subsidies with investments in clean energy

The BDN Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com Robert Weissman is the president of Public Citizen. He wrote this for …

Forecast for oil production in non-OPEC+ countries increased

The Organization of the Petroleum Exporting Countries (OPEC) has updated its forecast for average daily oil and other liquid hydrocarbon production in countries not included in the OPEC+ agreement (an initiative to reduce oil production involving OPEC and …

OPEC reveals daily oil production figures for Azerbaijan

In November of this year, Azerbaijan's daily oil production averaged 483,000 barrels, which is 3,000 barrels lower compared to October's figures, APA-Economics reports citing the monthly report of the Organization of the Petroleum Exporting …

Seplat finalises $800m acquisition of Mobil Unlimited from ExxonMobil

Firm urges end to gas flaring, advocates new approach to community engagement Seplat Energy Plc has completed the $800 million acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil The acquisition positions Seplat as a key player in …

Big bank’s surprise call on cost of living

Westpac says despite the high cost of living, Aussies are still finding a way to pay their mortgage. Outgoing chief executive Peter King told Friday’s annual general meeting the number of customers who remain on hardship payments is falling as mortgage …

ExxonMobil plan aims to accelerate oil production, earnings

The top US oil producer plans to increase earnings by US$20 billion and cash flow by US$30 billion ExxonMobil on Wednesday (Dec 11) said annual project spending will rise to between US$28 billion and US$33 billion between 2026 and 2030, following the …

Batteryless Storage Solutions Market to Grow at a 29.6% CAGR, Surpassing US$ 9.2 Bn by 2034

The global batteryless storage solutions market, valued at $540 million in 2023, is projected to grow at a 29.6% CAGR, reaching $9.2 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global batteryless …

Advanced Wind Turbine Blade Materials Market to Reach US$ 9.8 Bn by 2034, Expanding at a 6.3% CAGR

The global advanced wind turbine blade materials market, valued at $5.0 billion in 2023, is projected to grow at a 6.3% CAGR, reaching $9.8 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Paper-based Biofuel Cell Market Forecast: From US$ 300.0 Mn in 2023 to US$ 580.0 Mn by 2034

The global paper-based biofuel cell market, valued at $300 million in 2023, is projected to grow at a 6.3% CAGR, reaching $580 million by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global paper-based biofuel …

Floating Wind Turbines Market Trends: Valued at US$ 4.9 Bn in 2023, Projected to Reach US$ 83.4 Bn by 2034

The global floating wind turbines market, valued at $4.9 billion in 2023, is projected to grow at a 29.4% CAGR, reaching $83.4 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global floating wind …

Smart Bins for Waste Management Market Forecast: From US$ 75.3 Mn in 2023 to US$ 292.4 Mn by 2034

The global smart bins for waste management market, valued at $75.3 million in 2023, is projected to grow at a 13.1% CAGR, reaching $292.4 million by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global smart …

Solar Panel Operation & Maintenance Market Set to Achieve US$ 16.4 Bn by 2034, Growing at a 10.1% CAGR

The global solar panel operation & maintenance market, valued at $5.7 billion in 2023, is projected to grow at a 10.1% CAGR, reaching $16.4 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

SEAPEAK LLC DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS

HAMILTON, BERMUDA, December 13, 2024 /⁨EINPresswire.com⁩/ -- Seapeak LLC (Seapeak or the Company) has declared cash distributions of $0.5625 per unit on the Company’s Series A preferred units (NYSE:SEAL PR A) and $0.5313 per unit on the Company’s …

Teflon Heat Exchanger Market Expected to Grow at a 7.7% CAGR, Reaching US$ 2.5 Bn by 2034

The global Teflon heat exchanger market, valued at $1.1 billion in 2023, is expected to grow at a 7.7% CAGR, reaching $2.5 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global Teflon heat exchanger …

Alternative Energy Market Projected to Reach US$ 3.4 Trn by 2034, Growing at a 12.4% CAGR

The global alternative energy market, valued at $940.4 billion in 2023, is projected to grow at a 12.4% CAGR, reaching $3.4 trillion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global alternative energy …

8 Trends Influencing U.S. Freight Railroading In 2025

Consumer confidence, energy pricing & deregulation, among other factors, provide a favorable environment for short-term growth and long-term industry planning MARLTON, NJ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to …

Smart Society Ventures Releases Whitepaper on Decentralized Energy and Grid Technology

GENEVA, SWITZERLAND, December 13, 2024 /⁨EINPresswire.com⁩/ -- Smart Society Ventures (SSV) is proud to announce the release of its latest whitepaper, “Building a Smart Society: Decentralized Energy and the Grid Tech to Power It.” This …

Worry Free Davis Bacon Isssues for Construction Companies Doing Business with the Federal Government

Tax Incentives SCOTTSDALE, AZ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Making sure that every employee receives the prevailing wage on a government construction job may sound easy if the company has 2 or 3 employees. Add in 15 …

Arden Nights 2024: How Music and Evertreen’s Tree-Planting Initiative Transformed Nepal’s Ecosystems

LOS ANGELES, CA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Evertreen, the platform that makes it easy to plant real trees online, is thrilled to look back on the success of its partnership with Arden Records during Arden Nights 2024. …

Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida

SÃO PAULO, SÃO PAULO, BRAZIL, December 13, 2024 /⁨EINPresswire.com⁩/ -- Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida A contagem regressiva para o Natal já começou, e esta é a época perfeita …

LOBO Systems: A 2025 Revolution in Safe and Cost-Effective Work Platforms

DERBY, DERBYSHIRE, UNITED KINGDOM, December 13, 2024 /⁨EINPresswire.com⁩/ -- As industries strive for greater efficiency and safety in the face of rising costs and tighter schedules, LOBO Systems offers a timely alternative to traditional …

CE-LINK Launches 3000W Portable Power Station Solution for Electric Vehicle Charging

DONGGUAN, CHINA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In recent years, the electric vehicle market has been growing rapidly as the global awareness of green mobility increases. However, the construction of charging infrastructure has not been …

CE-LINK Launches 3000W Portable Power Station Solution for Electric Vehicle Charging

DONGGUAN, CHINA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In recent years, the electric vehicle market has been growing rapidly as the global awareness of green mobility increases. However, the construction of charging infrastructure has not been …

Belgian software company Itineris accelerates expansion in the U.S.

3 contracts signed, including one with the City of Dallas, the ninth largest city in the country. BELGIUM, December 13, 2024 /⁨EINPresswire.com⁩/ -- Ghent, Belgium & Atlanta, U.S. – Itineris, a global leader in innovative SaaS solutions for …

Econnex is on the mission to #GiftAGrin by offering up to a $200 Gift Card on switching energy plans

Econnex is on the mission to #GiftAGrin by offering up to a $200 Gift Card on switching energy plans. SYDNEY, AUSTRALIA, December 13, 2024 /⁨EINPresswire.com⁩/ -- In the spirit of giving, Econnex has announced that it is on the mission to # …

Grease Market Size to Hit USD 5.7 Billion, globally by 2032 | Exclusive Report by AMR

The global grease market size is projected to reach $5.7 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031 WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to the report published by Allied Market …