BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022.
According to the most recent report that Occidental Petroleum Co submitted to the Securities and Exchange Commission, Jupiter Asset Management Ltd made a new investment in the company during the third quarter.
The United Nations Development Programme (UNDP) and the Federal Government of Somalia have launched the Africa Minigrids Program (AMP) in the country.
The United States produces more oil and gas than any other country.
OPEC+ and others including Russia, is unlikely to defend the $80 price floor and hence would not need to cut production quotas this year, according to the note
Approximately 40 per cent of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported.
An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014, but more is needed.
Higher global oil prices have encouraged investments in these fields
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Oil and Natural Gas Corporation Limited (NSE:ONGC) is about to trade ex-dividend in the next four days.
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June.