Drivers may have another rough year at the pump as McMaster Professor of economics Aitf Kubursi says the instability of oil and gas prices isn’t changing anytime soon.
The roots of oil and gas’ looming talent challenge began with the end of the World War II.
OSLO, Jan 9 (Reuters) – Norway’s oil output is expected to rise by 6.9% this year as the huge Johan Sverdrup field ramps up production while gas volumes are predicted to remain unchanged near record highs, the Norwegian Petroleum Directorate (NPD) said on Monday.
The UK oil and gas market has become extremely fragmented.
That’s what BofA Global Research stated in a new report sent to Rigzone, adding that the top five operators account for 35 percent of total output, compared to more than 65 percent in Norway
OIL and gas (O&G) companies are showing an increased awareness and focus on environmental, social and governance (ESG) and sustainability aspects.
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd
The Ministry of Energy and Mines (MINEM) has identified more than 30% of families in vulnerable conditions throughout the country, to provide them with social benefits, in order to achieve energy inclusion in the regions.
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly short of the 1.8 million barrels per day allocated to the country by the Organisation of Petroleum Exporting Countries, OPEC.
Aker Solutions has secured an engineering, procurement and construction (EPC) contract from Altera Infrastructure for the complete upgrade of a floating production storage and offloading vessel (FPSO) to be redeployed at an Equinor-operated oil and gas field offshore UK.
Oil prices climbed on Monday as the borders reopened in China, the world’s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns