Mkpoikana Udoma Port Harcourt — The Nigeria Security and Civil Defence Corps says it resolute in the fight against illegal oil bunkering activities which has led to impounding of five tankers laden with 166,000 litres […]
Speaking on the theme: “opportunity areas and challenges of investment in the petroleum product marketing and bunkering sector,” Stokman said trucks and depots are critical to last-mile delivery and should be upgraded with safety features […]
5/27/2022 The American Petroleum Institute (API) led a coalition of 12 national and state energy industry trade organizations in filing comments with the U.S. Army Corps of Engineers (USACE) on their ongoing review of Nationwide […]
5/30/2022 ADNOC Drilling Company announced it has signed a sale and purchase agreement (SPA) to acquire an additional two premium offshore jack-up drilling units. The investment is central to the company’s enterprising expansion strategy […]
“The Zuluf production increment project is of critical importance to Saudi Aramco in its quest of attaining a maximum oil production capacity of 13 million b/d by 2027. Aramco has allocated a capital expenditure (capex) […]
London — Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian […]
Golnar Motevalli 5/29/2022 (Bloomberg) — Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period […]
Debjit Chakraborty 5/29/2022 (Bloomberg) — Oil & Natural Gas Corp.’s profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices […]
Elena Mazneva 5/27/2022 (Bloomberg) — The UK Treasury is set to collect record revenue from oil and gas this year, with or without a windfall tax. Before the government imposed a new […]
James Herron 5/27/2022 (Bloomberg) — Rishi Sunak’s windfall tax on oil and gas includes a big incentive to drill more. Just how the UK government finds itself mounting a tax raid on […]
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