Africa Oil Corp has signed two production sharing contracts (‘PSCs’) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.
Biden in the State of the Union speech: oil will be needed for at least another 10 years
The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices.
Rumors about China not moving ahead on the development of the crucial West Karoun oilfields are incorrect.
Limiting how much coal countries can burn is considered an urgent priority for restraining global heating.
SINGAPORE: China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream, analysts said
Oil And Gas Investments Hit $499bn In 2022 – Report
The world is not going to run out of oil or gas anytime soon.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the second time in three weeks, energy services firm Baker Hughes Co BKR.O said in its closely followed report on Friday.
Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported, Engr Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), has said.