Oil And Gas

Uncertainty created by the invasion of Ukraine by Russia, made worse by the threat againstinst of Russia’s oil price cap by the European Union and the G7 Countries, QatarEnergy has signed a 27-year deal to supply China Petroleum &…

Following the extension of a windfall tax on energy companies, Shell UK has said that it is reviewing plans to invest £25 billion in British projects. The Dutch super major said it would however look at each of its projects on a…

In the last decade, Nigeria’s revenue from oil and gas witnessed serious decline, essentially due to large scale, internationally linked oil theft, and pipeline vandalism. At the height of the menace, from late last year, Nigeria was…

Reports said ahead of the planned oil cap against Russia’s oil, the country has already lost over 90% of its previous top European market—northern Europe. Bloomberg said Russian shipments have slumped to below 100,000 barrels per day…

The British oil company, BP, has signed an agreement with the Mauritanian authorities to explore the country's potential for the production of green hydrogen. The agreement was signed on the sidelines of the just ended 27th United…

The United States and its allies are hoping to cap Russia’s crude oil price at $60 per barrel, the Wall Street Journal said yesterday, quoting people familiar with the talks. It said that the officials are however hoping to consider a…

...Production Starts With 50,000bpd President Muhammadu Buhari informed yesterday that the oil exploration project in the North East will start with a daily production of about 50,000 barrels of crude oil. While flagging off the…

Nigeria earned a total of $741.48billion revenue from oil and gas between 1999 and 2020, the Nigeria Extractive Industries Transparency Initiative has declared. This is contained in the published 25 cycles of audit reports in the oil…

JGC Corporation, in partnership with Technip Energies, has secured a contract with UTM FLNG Limited for the front-end engineering and design (FEED) of the floating liquified natural gas (FLNG) facility project in Nigeria. Last year, UTM…

The Nigerian Senate has said that Nigeria lost $2 billion, or N1.3 trillion, to oil theft between January and August this year. This is contained in the report submitted by the Senate ad-hoc committee set up to conduct investigation on…

...Says Wall Street Journal Report Was UntrueThe United Arab Emirate has denied reports that it has not been in any discussions with some OPEC members to change the existing agreement on oil output Early yesterday, the Wall Street…

People need both clean, safe water and sustainable energy. That means both resources must be properly managed. But when it comes to the oil and gas industries, there's a problem.The water that comes out of the ground along with oil and gas…

Mozambique has finally launched its first export of Liquefied Natural Gas (LNG) to Europe. The export feeds oil-thirsty Europe, coming on the back of internal displacement and severe bloodshed by insurgent groups in the South African…

Nigeria has introduced a 24-hour aerial surveillance across the Nigerian creeks and all Nigerian National Petroleum Company pipeline locations nationwide. The aerial surveillance with helicopter and other devices is part of way forward…

The Nigerian Bureau of Statistics has said that the average price of 5kg cooking gas increased from N4,474.48 in September to N4,483.75 in October, representing a 0.21% rise. In its ‘Cooking Gas Price Watch’ for October 2022 released…

An international oil tanker and its crew remain in the custody of the Nigerian authorities, after they were arrested more than three months ago in unclear circumstances. Nigeria is reportedly about to prosecute everyone on board with…

All is set for the flagging off of the validation phase on Tuesday of first integrated oil development project in Northern Nigeria by President Muhammadu Buhari. The event will take place at the Kolmani OPLs 809 and 810 exploration…

Australia hopes to host the 2026 Cop summit, Prime Minister Anthony Albanese said on Saturday, seeking to overhaul his country's reputation for foot-dragging on climate change. “It is a good opportunity, I believe, for Australia to show…

Following the blockade of Shell by environmentalists in South Africa, French supermajor TotalEnergies, has signaled plans to explore for oil and gas resources in the same offshore South Africa. Reports say TotalEnergies plans to drill…

... Assures Regulations Will Be In Order Before Deadline Although the G7 price cap has yet to be quantified, the European Union energy commission has assured that it will have its regulations in order before the Russian crude oil price…