The Senate President, Godswill Akpabio, said the motion was stepped down until relevant ministers have been appointed by President Bola Tinubu.
Oil and gas companies in Nigeria have flared gas worth $485.3 million in the first six months of 2023, a development hinged largely on improved crude oil production.
The Nigerian Upstream Petroleum Regulatory Commission has released a notice of stakeholder consultation on phase 4 of regulations development in line with Section 216 of the Petroleum Industry Act (PIA) 202
The pervasiveness of environmental concerns in today’s world and conversations about sustainability make renewable energy a non-negotiable imperative if the world must reverse its current course.
The government has started the process of developing a comprehensive policy to regulate and protect jobs for Ghanaians in the upstream petroleum sector.
Opec+ will continue pursuing efforts to stabilise the oil market and will do “whatever is necessary”, Saudi Arabia’s Energy Minister has said.
As part of a massive, pre-holiday weekend document dump by the Biden administration on June 30, the domestic oil and gas industry received an unwelcome gift from the U.S. Fish & Wildlife Service (USFWS), one that shifts Mr. Biden’s continuing war on oil and gas to the Permian Basin.
Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC.
ONGC Videsh, a wholly-owned subsidiary of India’s Oil and Natural Gas Corporation (ONGC), is reconsidering buying a stake in Tullow Oil’s assets in Kenya, reported Bloomberg.
Persistent claims of chronic underinvestment in the global oil and gas industry are overblown, Rystad Energy research and analysis shows. Investments in the upstream sector have tumbled since spending peaked at $887 billion in 2014, with about $580 billion expected to be invested this year.