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Oil And Gas
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Our coverage includes exploration, production, drilling, oil and gas companies, training and more.
Oil Theft: Oil Union Accuses Nigerian Military of Looting 600,000bpd
………’Soldiers bribe their way to be posted to the Niger Delta’ ………..The Amphibious Brigade, PH are culpable – PENGASSAN boss
The Petroleum and Natural Gas Senior Staff Association of Nigeria has accused the military of culpability for…
Eni Confirms Gas Leak From Vandalized Pipeline in Bayelsa
……….Says However, Repairs Underway
Italian energy group Eni confirmed yesterday that its Ogboinbiri gas pipeline in Bayelsa state had been vandalised, causing a leak and production losses.Nigerian Agip Oil Company (NAOC), who operated…
Panic Over Massive Gas Leakage On Agip Pipeline in Bayelsa
A massive leakage of substance suspected to be gas on a Nigeria Agip Oil Company, NAOC, operated pipeline located along Kolo-Otuoke/Bayelsa Palm Road in Ogbia Local Government Area of the Bayelsa State is causing panic among residents of…
Efforts Ongoing To Restore Gas Leak At Oil Well In Sangama – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has been notified of a gas leak incident on the Nigerian Petroleum Development Company’s (NPDC), Well 6, in Sangama community, Bonny Local Government Area of Rivers…
Price Of Cooking Gas Shoots Up By 101% In One Year
The National Bureau of Statistics (NBS) has reported that the average price of 5kg cooking gas increased from N4,397.68 in July to N4,456.56 in August.In its Cooking Gas Price Watch issued on Tuesday in Abuja, the bureau noted that the…
UN Scribe Accuses Fossil Fuels Industry of Feasting in Subsidies, Windfall Profits
……. Urges developed economies to tax windfall profits of fossil fuel firms
UN secretary-general, Antonio Guterres has accused the fossil fuel industry of "feasting" on billions in subsidies and windfall profits as "our planet burns."In…
Oil Rallies Rallies As Putin Calls Up Army Reserves
...This is not a bluff – he warnsOil prices rallied early today after Russian President Vladimir Putin said his country was calling up its army reserves in a “partial mobilisation” before referendums in occupied regions in Ukraine.Putin…
Portugal Speaks Of Dare Consequences If Nigeria Fails To Deliver Gas As Contracted
Portugal has said that it would face serious economic problems this winter if Nigeria does not deliver all the liquefied natural gas (LNG) it is due to it.
The European Union country's environment and energy minister, Duarte Cordeiro,…
NCDMB Hails Local Content Compliance of Two Firms in Port Harcourt
Executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Kesiye Wabote has lauded two firms, Uniterm Nigeria Limited, and Southwestern Technologies and Oilfield Services Limited for rising up to the…
Germany’s Natural Gas Storage Will Last For Two And A Half Months
Germany has said that gas storage sites in the country, which are now nearly 90% full, will be empty after the winter.
The country’s economy minister, Robert Habeck said yesterday that gas storage capacity in Germany is almost 90% full,…
NNPC Boss Recounts Benefits of Morocco Gas Pipeline Project
The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco.
The group chief executive officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, has explained that…
OPEC Names Nigeria, Russia Laggards in Oil Production Quotas
...As OPEC Run on 3.6mpd Below Target
As OPEC nations continue to struggle with production quota, data show that in August the two biggest laggards in production quotas were Russia of the non-OPEC group and Nigeria of OPEC. In July,…
Germany Seizes Control of Russian-Owned Refinery, Finally
Finally, the German government taken over the local business of Russian Rosneft under trusteeship, handing control over the Schwedt refinery to the country’s energy market regulator, Reuters reported, citing a government statement.
…
TotalEnergies Sells 18% Stake In Iraq Oilfield For $155m
ShaMaran Petroleum has bought French energy company, TotalEnergies 18% stake in the Sarsang onshore oilfield in the Kurdistan region of Iraq for $155 million.
An additional “contingent consideration” of $15m is also payable in the…
Saudi Arabia, Russia Both Yearn for $100 Oil Price
Russia and Saudi Arabia, who together make up more than half of OPEC+'s total production quota, are believed to be considering $100 oil as a fair price good for all. Yearn The two OPEC+ heavyweights with their +11 million bpd quotas, say…
Brazil Looks Up to Russia To Boost Diesel Imports
Amid a shortage of the fuel that began several months ago and is currently hurting President Jair Bolsonaro’s re-election chances next month, Brazil has opened talks to boost diesel deliveries from Russia and the Middle East
A Reuters’…
Chinese Oil Refineries Struggle With Outages, Weak Demand
China’s National Bureau of Statistics (NBS) has reported that in August, China's refinery crude throughput was at 12.64 million barrels per day (bpd), down by 6.5% compared to August 2021Reports say the level remained close to the levels…
US Commits $200m to Nigerian Clean Energy Demand Initiative
The US has informed that it has committed $200million towards the achievement of the stated that the Clean Energy Demand Initiative over which an agreement was signed recently in Abuja.US special presidential envoy for climate, Mr. John…
Africa Losing 15% in GDP Growth From Climate Change – AfDB
…Suffers from a $1.3tril climate finance gap.
A study by the African Development Bank (AfDB), has said that climate change is causing Africa to lose between 5% and 15% of its GDP per capita. The study also said Africa is suffering from…
Wael Sawan: Getting To Know Shell’s New Chief Executive Officer
Last week, Energy giants, Shell announced that its chief executive officer, Ben van Beurden will step down at the end of 2022 and that his successor will be the company's renewables director.Who is this Shell’s chief executive officer ?…