Nigeria has faced challenges in adhering to its OPEC+ quota due to production disruptions caused by underinvestment, theft and vandalism, especially in the Niger Delta region.
Alhaji Bamanga Usman Jada praised the partnership, stating, “We welcome Ultra Capital Energy Limited’s commitment to Nigeria’s oil and gas sector. This collaboration will significantly contribute to the growth and development of the Liberty Oil and Gas Free Zone.”
The Organisation of Petroleum Exporting Countries (OPEC) yesterday lowered the demand forecast for crude oil amid tumbling prices as Nigeria pumped 1.4 million barrels of oil per day in October.
Speaking at the annual U.N. climate summit in Baku, Azerbaijan, known as COP29, Woods described international climate negotiations as valuable opportunities for Trump to adopt pragmatic policies.
Greenpeace and Uplift have jointly raised a judicial review at the Court of Session, arguing consent for the Rosebank oil field northwest of Shetland ought to be paused and reassessed.
The surge of US oil and gas output under the Biden administration is an enabler of the energy transition, not a black mark on the country’s climate progress, a top White House adviser said Wednesday.
The Energy Department announced the end of replenishing the nation’s strategic oil reserves on Friday, which were depleted by nearly half under President Biden, and used the opportunity to praise the administration for the work it has done to maintain and replenish the stockpile.
“Oil, gas, wind, sun, gold, silver, copper, all…are natural resources and countries should not be blamed for having them, and should not be blamed for bringing these resources to the market, because the market needs them.”
Springfield is upbeat, the appraisal outcome will boost Ghana’s oil output and make it the first Ghanaian-owned oil company to drill in Ghana’s deep-water territory.
“Intermittent production is not unusual for the early stages of a project of this nature as commissioning issues continue to be addressed,” said Jadestone.