Petrofac has issued the following pre-close trading update for the six months ending 30 June 2023.
Europe’s benchmark natural gas prices continued to rise early on Tuesday as weather forecasts suggest that most of northwest Europe, the biggest consumers of gas, will see a hotter-than-usual start to the summer, at least until the middle of July.
Africa’s leading oil producers and exporting countries, depend heavily on the natural resource for their foreign exchange earnings.
TechnipFMC deems the contract to be a “significant” one since it is between $75 million and $250 million. Thanks to this deal, the company will supply subsea production systems for Azule Energy’s Block 18 Infills development, offshore Angola.
ABUJA, Nigeria (AP) — A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in the fishing and farming communities in part of the Niger Delta, which has long endured environmental pollution caused by the oil industry.
Equinor, ExxonMobil, Occidental Petroleum and Schlumberger are examining how their technology could be used to process lithium.
Crude oil demand is set to rise to 110 million barrels daily by 2045, which would be a 23% increase from current levels.
The assurance is contained in a statement issued on 24 June under the hand of both the board of directors and the management of TOR
A glut of unsold Nigerian oil has built up again with as much as half of output due to be loaded next month still searching for buyers.
As part of his commitment to establishing more oil and free zones to boost the nation’s economy, the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Y. Kaura, seeks collaboration with the Rivers State government towards the development of Ikpokiri island, a green field with latent potential for wealth and job creation.