The average daily petrol consumption by Nigerians fell by 28 per cent since President Bola Tinubu scrapped the country’s costly subsidy on fuel on May 29, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has shown.
RIYADH: US energy firms last week added oil and natural gas rigs for the first time in 10 weeks due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co. said in its closely followed report.
The United Arab Emirates has announced that it will not join Saudi Arabia in making voluntary oil production cuts, claiming that the cuts by the Saudis are enough to balance the markets.
The government of Iraq and TotalEnergies earlier today signed a long-awaited deal worth $27 billion that should see Iraq’s oil production grow and boost its reliance on domestic gas for power generation.
Angola, a country rich in natural resources, has been striving to diversify its economy and reduce its dependence on oil.
Nigeria’s foremost international energy conference, NOG, has announced that the 22nd edition of its annual Energy Week, scheduled to take place from 9th – 13th July 2023, with the theme “Powering Nigeria’s Sustainable Energy Future”, will run at the International Conference Centre (ICC), Abuja FCT, Nigeria.
The government has started the process of developing a comprehensive policy to regulate and protect jobs for Ghanaians in the upstream petroleum sector.
Ghana’s quest to add nuclear power to its energy mix is on course and progressing steadily, the Minister of Environment, Science, Technology and Innovation, Dr Kwaku Afriyie, has said