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TOTALENERGIES PLANS TO GROW OIL AND GAS PRODUCTION UNTIL 2030.
TotalEnergies plans to increase its oil and gas production until 2030, projecting a growth rate of around three percent annually, primarily driven by liquefied natural gas. The company is also investing significantly in renewable energy while preparing for potential market adjustments following record profits in recent years.
- 2 years, 1 month
TANZANIA: PURA AND M&P DISCUSS UPCOMING NATURAL GAS DRILLING PROJECT AT MNAZI BAY.
The article discusses a recent meeting between the Petroleum Upstream Regulatory Authority (PURA) and Maurel et Prom Exploration Production Tanzania Ltd (M&P) regarding the drilling of three natural gas wells in the Mnazi Bay Block. Key topics included project budgeting, local content compliance, and the project's potential impact on natural gas production in Tanzania.
- 2 years, 1 month
OIL PRICES SURGE AFTER IRAN FIRES 100+ MISSILES AT ISRAEL.
Iran has launched over 100 ballistic missiles into Israel, following a U.S. warning of an imminent attack, with no immediate reports of casualties. The global focus is on Israel's potential retaliation, which could target Iran's oil industry and push oil prices even higher.
- 2 years, 1 month
RUMORS OF NEW SAUDI OIL PRICE TARGET ARE WARNING TO OPEC CUT VIOLATORS.
Saudi Arabia is accelerating the process of ending its oil production cuts, causing fluctuations in oil prices. This move signals potential lower prices ahead, as the kingdom seeks compliance from other OPEC+ members on production limits.
- 2 years, 1 month
OPEC'S STRATEGIES AS OIL PRICES SET TO FALL AMID MIDDLE EAST CONFLICT.
Oil prices are set to decline for the third consecutive month due to a strong supply outlook and concerns over demand, despite rising tensions from Middle East conflicts. OPEC is responding strategically by planning to gradually increase production while estimating a rise in global oil demand in 2024.
- 2 years, 1 month
TANZANIA: PURA AND ZPRA FORGE A PATH FOR SUSTAINABLE PETROLEUM DEVELOPMENT.
The Petroleum Upstream Regulatory Authority (PURA) of Tanzania Mainland and the Zanzibar Petroleum Regulatory Authority (ZPRA) are enhancing their collaboration through initiatives outlined in their 2022 Memorandum of Understanding, as demonstrated in a recent meeting to review their 2023/24 implementation report. Key achievements include refining production-sharing agreements, developing CSR guidelines, launching Zanzibar's first licensing round, and promoting open blocks to attract investment.
- 2 years, 1 month
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