The Minister of State, Petroleum Resources, Chief Timipre Sylva, has said that Nigeria will soon attain two million barrels of daily crude oil production target.
SHARJAH — Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three twenty-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate.
Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas.
Oil and gas industry contract values saw a significant quarter-on-quarter (QoQ) increase of 27% in Q4 2022, reveals GlobalData, a leading data and analytics company, with Middle East contracts driving this increase
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