Earlier, residents were unable to secure direct benefits from oil production because they lacked legal documents.

Tullow Oil has reached an agreement to divest its Kenyan subsidiary, Tullow Kenya, to Gulf Energy for a minimum consideration of $120m (£90.48m). The deal was signed by its own subsidiary Tullow ...

The 22,400 square kilometre Walton-Morant block was operated by Tullow Oil until 2020, when it withdrew, leaving United to take over the reins. Since then, despite the acreage’s oil and gas ...

The cost has gone up from 7.75 per cent to 9.125 per cent, but compared with the 17 per cent forecast for a similar refinancing by Tullow Oil (TLW) this looks affordable. This refinancing also served ...

“The cabinet agreed on an urgent investment plan for Akkas… phase 1 will be executed by Schlumberger and the rest by the Midland Oil Company,” Aliqtisad News said. Iraq’s Oil Ministry announced in ...

The Keystone Pipeline declared force majeure on scheduled oil shipments after a leak spilled an estimated 3,500 barrels of crude in a North Dakota field. Keystone warned customers that it may not ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Oil prices have crashed to their lowest point since 2021 due to the escalating US-China ...

A rupture in North Dakota shut down a major oil pipeline that sends oil from Canada to refineries in the United States. The nearly 2,700-mile Keystone oil pipeline was shut down Tuesday morning ...

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Supply chain disruptions and policy decisions can significantly change these costs for oil companies — and consumers. Oil and gas industry leaders said this week that prolonged tariffs and ...

The Keystone oil pipeline was shut down Tuesday morning after a rupture in North Dakota halted the flow from Canada to U.S. refineries. South Bow, which manages the pipeline, said it was shut down ...

The rupture occurred at milepost 171, near Fort Ransom, South Bow said. A release of crude oil from the pipeline was confined to an agricultural field south of the pump station, Suess said.