Cape Town: Former President Olusegun Obasanjo, yesterday, urged the developed economies to work towards making energy transition process just and fair to Nigeria and other African countries.
The Bipartisan Infrastructure Law allocated $4.7 billion for plugging abandoned oil and gas wells, but new standards, a workforce shortage and less visible leaks may mean that the money will only make a small dent in fixing the problem.
A Delta State High Court sitting at Orerokpe in Okpe Local Government Area of the state has dismissed a motion seeking to join the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a defendant in a suit challenging the authority of Opeans Nigeria Limited to issue American Petroleum Institute (API) and Veriforce BOSIET certificates.
Promote a business-friendly regulatory environment in upstream petroleum sector – PIAC to government
The Public Interest and Accountability Committee (PIAC) is advising the government to promote a very business-friendly regulatory environment in the upstream petroleum sector to attract foreign investors.
Oil rebounded on Thursday, with Brent crude topping US$93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.
When JP Morgan Chase CEO Jamie Dimon speaks, the world tends to listen. He warned investors that the world may be grappling with one of the most dangerous periods in decades as we see the Israel-Hamas conflict evolve.
Africa has been substantially impacted by natural disasters, which are set to increase in severity and frequency.
(Bloomberg) – Norway’s oil and energy ministry will streamline its name as the country looks beyond the hydrocarbons that today account for about a quarter of gross domestic product.
In a key move to revitalise the Nigerian economy, the Senate Committee on Upstream Petroleum led by Senator Etang Williams, conducted an inspection tour at the Kaztec Engineering Facility in Lagos.
Oil is on track to be the largest export item for the United States this year for the first time in history, highlighting the growing influence of U.S. oil production and exports on the global oil market.