The Nigerian Upstream Petroleum Regulatory Commission did not adhere to its own regulations while implementing the 2020/2021 marginal fields award, the Nigeria Extractive Industries Transparency Initiative had said.
The energy giant reported earnings of US$6.2 billion between July and September, up sharply on the previous quarter
Oil prices have been a rollercoaster over the past couple of months as negative catalysts frequently outshine the positive ones and vice-versa. In recent times, fears of a spillover in the conflict between Israel and Hamas, which could embroil Iran and its allies in the region, have offered considerable support to oil prices.
Crude oil prices remained largely unchanged today after the Energy Information Administration reported an inventory build of a modest 800,000 barrels for the week to October 27.
Trinidad and Tobago has launched an oil and gas bid round with 13 shallow-water blocks on offer, Reuters reported on Wednesday. The 13 blocks are located on the continental shelf near producing concessions. According to Reuters, bids for the round will close on April 2, 2024. The offerings are more than double the country’s previous […]
Energy giant BP has reported lower than expected profits despite global oil prices rising again.
Government has since 2021 invested $75 million of petroleum
revenue into the Agenda 111 health project, the Public Interest
Accountability Committee (PIAC) has revealed.