oil and gas industry

Nigeria has pledged to return to a petroleum exporting country before end of 2023. Group chief executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said the country would at the time also stop importing…

Reports say that the European Union is closer to potentially intervening on the bloc’s electricity market as energy prices soar ahead of what would be a difficult winter for EU consumers and businesses.European Commission (EC) is working…

Goldman Sachs has forecasted that inflation in the United Kingdom could soar to the highest level since 1975 if global gas prices do not fall from their historic highs. The Wall Street investment bank warned yesterday that the cost of…

The African Energy Chamber has notably found that while not insulated to COVID-19, gas markets have been less exposed than that of oil to the shocks of 2020 In its latest Africa Energy Outlook 2021 released earlier this week, the …

In 2021, Gabon’s oil production will drop by more than 10,000 bpd, according to the budget bill currently under review. A situation which will above all be the result of better adherence to OPEC + production cuts. The average price per…

…Shift from oil ‘existential threat’ for future oil volatility.US oil giant, ExxonMobil has said that it will remain focused on growing its core oil and gas business as alternative renewable…

The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST).OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, will present the major findings of the WOO…

The Organization of Petroleum Exporting Countries (OPEC) oil output rose for a third time in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members…

Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed $934 million contract across eight gas exploration and research agreements, following a push to attract new entrants to develop its mushrooming gas market. Pumps…

HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to greater international cooperation in ensuring the resilience of energy…

Panelists at the webinar organised by Microsoft and Africa Oil & Power and African Energy Chamber, yesterday in South Africa, agreed in part that the COVID-19 pandemic has accelerated technology adoption as an integral component of oil…

Reports said yesterday that thousands of jobs are under threat at oil and gas giant Shell. The company is due to publish an interim business update today (Wednesday) ahead of quarterly results, which many expect will cast more light on…

Oil prices fell yesterday almost 4% to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections. Reuters reported that stock and…

As a student, an operator, stakeholder or intending investor in the oil and gas industry, here below are of the oil and gas technical terms you must be familiar with. AF – Alternative Funding AGO – Automotive Gas Oil …

Orient Energy Review editorial team met with the Chief Coordinator of PTI Consultancy Services, DR. ORIRI ASEMOTA OMORODION during the 2020 Nigeria International Petroleum Summit, which held at the International…

Destra Energy Group is a budding and fully indigenous Ghanaian company providing ancillary services to key players in the oil and gas industry and also delivers power solutions through the application of renewable energy technology. Destra…

Peace Obi …to expand NC Act to other sectors Members of the Senate Committee on Local Content have commended the Nigerian Content Development and Monitoring Board (NCDMB) for conceiving and developing its 17-story headquarters building in…

Kenechukwu Obiajuru, Yenagoa. The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on has said that the group is collaborating with stakeholders in oil industry to ensure the participation of youths in the NLNG Train-7.…

Nigeria started the year 2018 with a fuel crisis which began December 2017, fueling concerns that the crisis would persist throughout the year. However, despite the fuel supply challenges, numerous opportunities exist in the industry. …

Mining giant, Glencore has entered into an agreement to purchase 75 percent interest in Chevron South Africa, as well as a 100 percent stake in Chevron Botswana at a cost of $973 million. The deal, comprises of interest in Chevron Group’s…