APRNEWS - With increased global competition in the crude oil production space, and the need to find a solution to the rising subsidy payments, the Nigerian National Petroleum Corporation (NNPC), has said the country needs a refining capacity of about 1.52 million barrels per stream day (MBPSD), to meet its premium motor spirit (PMS) requirement by 2025. 
  

APRNEWS - French energy giant Total lifted oil and gas output to record levels to bolster cash flow and lift first quarter net profits Friday -- but price volatility kept results in check.

APRNEWS - Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy), a portfolio company of the Kayne Private Energy Income Funds.

APRNEWS - Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, the country's new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.

REUTERS - Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.

APRNEWS - Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years.

REUTERS - With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.

APRNEWS - “Financing oil and gas in a cyclical industry means that a long term view on the underlying growth prospects of the recipient or project is necessary.