Alberta’s energy minister is promising strong action by next fall to clean up the province’s growing backlog of unreclaimed oil and gas sites.
PetroChina Investment Suriname BV, a subsidiary of China National Petroleum Corp., signed a production sharing contract on Blocks 14 and 15 in Suriname with state-owned Staatsolie Maatschappij Suriname.
Brent crude futures for November were up 3 cents at US$71.64 a barrel at 0402 GMT. U.S. crude futures for October were up 16 cents, or 0.2%, at US$68.81 a barrel
One subject is not on the radar at all in the current political season in Ghana: the prospect of the country’s oil running out and slicing off a significant part of the economy much sooner than anticipated.
-Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexico federal waters remains offline in the aftermath of Hurricane Francine, the U.S. offshore energy regulator said on Sunday.
The surge in maritime transportation demand, driven by expanding global trade and e-commerce, significantly boosts the marine bunker oil market expansion. Concurrently, the expansion of LNG bunkering infrastructure supports the shift toward cleaner fuels, meeting stricter environmental regulations. Together, these factors enhance the availability and adoption of diverse fuel options, driving the growth and evolution of the marine bunker oil market.
A long exploration effort has led to the reportedly massive discovery of oil and gas reserves in Pakistan’s territorial waters, a cache so large that it is said it could change the economic trajectory of the beleaguered country. But no one is rushing to drill in Pakistan, and experts are concerned about jumping the gun.
Human activities now account for two-thirds of all methane venting to the atmosphere, and our efforts to staunch the flow are not yet bearing fruit.
While Hurricane Francine spared southeast Texas by staying far enough away from the Houston area, the storm thrashed coastal Louisiana as a Category 2 event. That has led to impacts of another kind for the Gulf Coast: a disrupted oil-and-gas industry.
Nigeria, often referred to as the “Giant of Africa,” is a country rich in natural resources, particularly in crude
oil. Yet, for decades, Nigerians, including this writer, have watched as their nation has struggled with refining
its crude, depending on costly imports to meet its domestic fuel needs. In a country with one of the largest oil
reserves in the world, it is ironic that fuel scarcity and high pump prices have become the norm. Enter the
Dangote Refinery, an ambitious mega-project that promises to change the game for Nigeria’s energy sector
and the economy at large.