Oil rose about 1% on Friday and was headed for a second consecutive weekly gain supported by OPEC+’s decision to make its largest supply cut since 2020 despite concern about recession and rising interest rates. […]
Mkpoikana Udoma Port Harcourt — The fire incident at two oil wells in Akaso field operated by an indigenous oil firm, Eroton Exploration and Production Limited, has been partially contained, five days after. Recall that an […]
(Bloomberg) — U.S. President Joe Biden said he’s disappointed by the surprise OPEC+ decision to slash oil production but that he doesn’t regret a trip to Saudi Arabia just three months ago in which he […]
A total of 12 vehicles along its track were affected, including three luxury buses, four tricycles, three motorcycles, a bus, and a tanker. The accident occurred around 01:30 AM as the tanker driver was laboring […]
(Bloomberg) — OPEC+ agreed to cut its collective output limit by 2 million barrels day as it seeks to halt a slide in oil prices caused by the weakening global economy. It’s the […]
Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds. As part of Schlumberger’s NeoLith Energy […]
The largest U.S. oil producer issued a snapshot of factors affecting its third quarter that showed results could land near the company’s $17.9 billion second quarter profit. Exxon and rivals this year have posted sky-high earnings […]
*Oil spill polluted waters of the Niger Delta Dandyson said since those involved in various forms of oil theft have no facility to drill oil by themselves, hence they will have no place to tap […]
Lisa Edvardsen Haugan has been appointed as the new President of Kongsberg Maritime, the largest business area of KONGSBERG. She takes the helm after Egil Haugsdal. Lisa Edvardsen Haugan Edvardsen Haugan has long […]
*Explosions, fire rock Eroton oil field Confirming the incident, the National Oil Spills Detection and Response Agency, explained that the agency has received a report of a fire incident at the two oil wells operated […]
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