The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said that the current quick-win interventions by the organisation and industry stakeholders could boost Nigeria’s oil production by about 900,000 barrels per day in the short term.
Approximately 40 percent of crude oil losses in the Nigerian petroleum industry are due to measurement inaccuracies and not theft.
Almost a third of renewables workers have been headhunted over six times in the past year
RIYADH, Feb 20 (Reuters) – Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed.
The oil and gas CAPEX market is expected to reach USD 797.66 billion by the end of the current year, and it is projected to register a CAGR of 4.27% during the forecast period.
Capex rose 39% year-on-year to $499bln in 2022, reaching highest level since 2014, according to IEF-S&P Global Commodity Insights report
RIYADH: Saudi Arabia’s Minister of Energy Abdulaziz bin Salman has met with US Senator Mitch McConnell to discuss the Kingdom’s efforts to lead the global energy transition, Saudi Press Agency reported.
Africa Oil Corp has signed two production sharing contracts (‘PSCs’) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.
Biden in the State of the Union speech: oil will be needed for at least another 10 years
The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices.