Mr. Egbert Faibile, the Executive Officer of the Petroleum Commission, has praised the media for their critical role in advancing gains with the country’s Local Content Law.
Amid the rising momentum toward sustainable energy, the traditional energy sector continues to offer compelling prospects for investors. Additionally, the ongoing OPEC supply cuts, coupled with geopolitical factors like the Israel-Hamas conflict, may intensify the constraints on oil supply.
An insightful panel discussion during the second day of the MSGBC Oil, Gas&Power 2023 conference and exhibition, sponsored by national industrial and mining company, the Société national industrielle et miniére, featured the participation of regional and international energy leaders and explored the role of natural gas in the global energy landscape.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is looking to partner with Argentina in natural gas exploration and production.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned producers in the oil and gas industry against frustrating the government’s climate action project.
The NUPRC head of Public Affairs and Corporate Communications, Laide Shonola, disclosed this in a statement on Wednesday.
LONDON: Oil prices tanked 4 percent on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts.
Brent crude futures rose 14 cents, or 0.17%, to US $82.59 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures rose 13 cents, or 0.17%, to US $77.90
Oil prices crashed by 4% early on Wednesday morning after confirmation that this weekend’s OPEC+ meeting would be postponed.
Crude oil prices moved lower today, after the U.S. Energy Information Administration reported a sizeable inventory build of 8.7 million barrels for the week to November 17.
The energy sector is poised for a moderately lower start, pressured by low conviction weakness in the underlying commodities and in the broader equity futures. Equity sentiment steadied this morning following the recent run up in the benchmark indices as the markets assessed some disappointing retail results and looked ahead to the release of the Federal Reserve meeting minutes.