U.S. petroleum product exports totaled nearly 6.0 million barrels per day (b/d) in the first half of 2023, 2% more than during the same period in 2022. The first half of 2023 saw the most U.S. petroleum product exports during the first six months of any year in our Petroleum Supply Monthly data, which date back to 1981.
arge swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said.
Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent challenges.
The Ghana Upstream Petroleum Chamber held its annual oil and gas conference and launched the 2023 upstream industry report – a comprehensive up to date documentation on the state of the upstream industry.
Warri — Oil bearing communities in the Niger Delta region have called on President Bola Ahmed Tinubu, to institute a forensic team to audit activities of the Niger Delta Affairs Ministry since its inception some 12 years ago.
Nigeria and other African nations have expressed commitment toward the development of their 620 trillion cubic feet of proven gas reserves, targeted at bolstering energy security, industrialization and environmental sustainability.
Nigeria and other African nations have expressed commitment toward the development of their 620 trillion cubic feet of proven gas reserves, targeted at bolstering energy security, industrialization and environmental sustainability.
Between 1999 and 2020, the federal government earned $741.48 billion from oil and gas sales, according to data from the Nigerian Extractive Industries Transparency Initiative (NEITI) but this hasn’t translated into much value for over 100 million poor Nigerians, indicating that the current emphasis to ramp up drilling must be backed by spending reforms.
The oil and gas industry is essential to solving current global energy challenges, including playing a “critical” role in scaling up renewable energy, Cop28 President-designate Dr Sultan Al Jaber has said.
LONDON, Oct 2 (Reuters) – Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned to a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored some risk appetite.