An oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection on Saturday.
Finance Minister Zbyněk Stanjura said on Czech Television on Sunday that the finance ministry is looking to reduce its support for renewable energy sources, possibly by changing the law to limit subsidies
Nigeria still losing 400,000 barrels of crude oil daily – NSA
27th August 2023
Ribadu
Ribadu while addressing newsmen during an inspection of oil and gas facilities at Owaza in Abia and Odogwa in Etche Local Government Area of Rivers on Saturday. Photo: NAN.
Agency Report
The National Security Adviser, Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace.
Iraq’s state-owned Basra Oil Co said that French oil major TotalEnergies has activated its four investment contracts involving oil, gas, renewable energy and seawater desalination projects.
Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions
A new report and analysis from Westwood Global Energy Group (Westwood), the specialist market research and consultancy firm, indicated a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential.
Latest analysis from Westwood Global Energy Group uncovers a positive outlook for the Nigerian oil and gas sector, following a decade of unmet potential. However, success will hinge on timeliness of project completion, along with nation-wide infrastructure and security improvements.
Oil giant Equinor is behind the project, but renewables still make up only a tiny fraction of its total energy production.
Namibia could see an oil boom thanks to several major discoveries that suggest there could be more oil yet to come.