| | | | | | The company is relinquishing its rights to the license following the conclusion of discussions with the Gambian government regarding license options. |
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| | | | At 427.5 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report indicated. |
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| Reconnaissance Energy Africa encountered hydrocarbons while drilling a second test well onshore northeast Namibia. A production test will be conducted. |
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| | | | The project is expected to achieve a plateau production of about 16,900 boe/d in 2026. The oil property is light crude. |
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| | | | | | | | In the coming years, Canadian LPG production could increase by 238,000-264,000 b/d based on several BC LNG projects coming online, resulting in a glut of propane and butane in Western Canada. “Overland exports to the US help balance the market, but the economics of exporting to international destinations are better," Wood Mackenzie's Sivaswamy said. |
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