The Deputy Managing Director, Deepwater Asset, TotalEnergies Upstream Nigeria Limited (TUPNI), Mr Victor Bandele, has said the intervention of the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mr Mele Kyari has unlocked fresh 30,000 barrels per day of crude oil from OML 130.
Angola overtook Nigeria to emerge top African crude oil producer for the month of April, data from the Organization of Petroleum Exporting Countries (OPEC) has shown.
Governments worldwide are encouraging private companies to move away from fossil fuels and invest heavily in green energy and related technologies.
Copper prices this week fell to the lowest since last November on weak economic data from China. Yet the International Copper Study Group, a group of copper exporters and importers, just said it expected a deficit of the metal this year.
Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the global economy trumped any expectations of tight supply
Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the focus returns to the energy transition.
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the alternative is Russian oil, and they can’t have that.
For the third month running, OPEC has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per day, or 2.3% Y/Y growth, good for a very slight increase from its previous forecast of 2.32 million barrels per day
A total of 25.3 billion cubic feet (bcf) of natural gas worth about $169 million was lost in the upstream petroleum sector through flaring.
African Energy Chamber Senior Vice President Verner Ayukegba addressed domestic and international stakeholders at the National Upstream Petroleum Local Content Policy workshop in Windhoek on Thursday, calling for expanded access to local financing solutions and a balanced approach to Namibia’s local content policy.