8/3/2021 US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in […]
OpeOluwani Akintayo Lagos — TotalEnergies has called on stakeholders in the oil and gas sector to address concerns over their contributions to climate change owing to the damages it causes to public health. In a […]
By Jessica Summers on 8/2/2021 (Bloomberg) –Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled […]
By Moses Mozart Dzawu, Ekow Dontoh and Yinka Ibukun on 8/2/2021 (Bloomberg) –Ghana is seeking parliamentary approval to borrow as much as $1.65 billion to accelerate oil and gas exploration by […]
OpeOluwani Akintayo Lagos — The Nigerian National Petroleum Corporation, NNPC, has revealed plans to declare dividend to its shareholders, saying it will publish its 2020 statement of accounts soon. Group Managing Director of the corporation, […]
New York — Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world’s top oil consumers, and higher crude output from OPEC producers stoked fears of […]
By Sheela Tobben on 8/1/2021 (Bloomberg) –New Mexico’s oil production surged to a record in May highlighting the Permian Basin’s role as the shale industry sees some recovery from the pandemic. […]
By Kiel Porter, Dinesh Nair and David Wethe on 8/1/2021 (Bloomberg) –Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, […]
Abuja — The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March […]
NEW YORK — Oil prices edged higher on Friday, with global benchmark Brent posting a fourth monthly gain, with demand growing faster than supply and vaccinations expected to alleviate the impact of a resurgence in […]
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