The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is looking to partner with Argentina in natural gas exploration and production.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned producers in the oil and gas industry against frustrating the government’s climate action project.
The NUPRC head of Public Affairs and Corporate Communications, Laide Shonola, disclosed this in a statement on Wednesday.
The Minister for Energy, Matthew Opoku Prempeh, has noted that the country is geared towards balancing a low-carbon economy with economic growth.
He, however, cautioned on the need to exercise caution in the path towards achieving a zero carbon emission to ensure a vibrant stable economy.
OPEC+ members are set to meet on Sunday to discuss production policy, and unnamed sources have claimed that the group will be discussing further production cuts.
Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand.
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil-field deal.
WTI crude futures shed more than 3% on Thursday morning
Tullow Oil plc (Tullow) issues the following business and full year guidance update. Tullow’s next scheduled update will be its Trading Statement on 24 January 2024. The information contained herein has not been audited and may be subject to further review and amendment.
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ExxonMobil began production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 bpd.