Two European oil majors, Italy’s Eni and France’s TotalEnergies, are setting the wheels into motion to undertake a full evaluation of the hydrocarbon resources in a gas discovery offshore Cyprus to come up with a development solution for this project, which will enable them to boost the supply of gas not just in the region but also to Europe.
In his argument, the sponsor of the bill, the Deputy Senate President, Senator Barau Jibrin representing Kano North, noted the expediency for its establishment, intrinsically serve as a catalyst to develop the arrays of potentials of the North-West as well as address the gap in infrastructural development of the region and for related matters.
The National Upstream Petroleum Regulatory Commission (NUPRC) has initiated plans to relocate certain departments from Abuja to Lagos, according to a memo seen by Peoples Gazette.
A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes.
A World Bank blog makes the case for green hydrogen becoming a major economic driver for the economy.
A proposal at the state Capitol to ban new oil and gas drilling in Colorado by 2030 — which sponsors claim is necessary to counteract climate change and address “adverse health impacts” — is raising a furor throughout the industry.
The Petroleum Holding Fund (PHF) recorded a total inflow of US$1.06 billion in 2023 despite economic headwinds.
Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates.
Chinese commodity imports remained robust in January despite signs of a still struggling economy and cautionary reading of the data that may have been distorted by the start of the Lunar New Year later this week.
Unveiling a significant stride towards enhanced transparency, the Public Interest and Accountability Committee (PIAC) in Ghana has made public a ‘citizens version’ of its statutory annual report on petroleum revenue management. This 60-page document, a brainchild of PIAC, is designed to break down complex and technical information into a form that’s comprehensible to the average citizen. The paramount chief of Asante Asokore, Professor Nana Susubribi Krobea Boaten, proudly marked the launch of this initiative.