The Nigerian federal government plans to adopt trucks and barges to transport crude oil to tackle pipeline vandalism.
This was contained in a document by the Nigerian Upstream Petroleum Regulatory Commission on “Stability in the Nigerian Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security”.
Singapore onshore fuel oil inventories fell to a two-week low, driven by a fall in imports to the city state for the week ending 27 March, according to Enterprise Singapore data.
The Federal Government has adopted a virtual means of evacuation of crude oil that involves the utilisation of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals.
HOUSTON, April 1, 2024 /PRNewswire/ — Darcy Partners (“Darcy”), a leading provider of technology-focused market intelligence to the energy sector, recently announced awards for the Top Innovators across five key areas in the upstream Oil & Gas value chain.
Mitsui Oil Exploration Co., Ltd. (MOECO) and its business partners have made a final investment decision on the Vietnam Block B project, an integrated development project involving an upstream gas field and a pipeline to link it to a gas-fired thermal power plant complex.
The cut in oil production measure put in place by the Organisation of Petroleum Exporting Countries (OPEC+) towards the end of last year may be yielding the desired results.
Despite being blessed with abundant oil and gas resources, Wood Mackenzie, also known as WoodMac, a global provider of data and analytics for the energy sector, has said that Africa will account for only 6% of global upstream investment over the next ten years, noting that the Continent’s production will drop from a projected 12.4 million Barrels of Oil Equivalents Per Day (BOEPD) in 2024, to 10.1 million in 2033 due to under-investment.
Mach Natural Resources LP (MNR, Financial) released its 8-K filing on April 1, 2024, unveiling its financial and operating results for the year-ended December 31, 2023. The independent upstream oil and gas company, which focuses on the acquisition, development, and production of oil, natural gas, and NGL reserves in the Anadarko Basin region, has reported a transformative year marked by significant achievements.
The operator of Jubilee and TEN oil fields, Tullow Ghana, along with its partners, has undertaken significant initiatives aimed at enhancing community infrastructure and engagement in a concerted effort to bolster support for coastal communities in the Western Region.
Crude oil prices were in the red today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March 22.