Tag: oil and gas industry news
Oil Price Skips After Trump Made False Victory Claims at US...
There were reports yesterday that oil prices rose nearly 3 per cent after President Donald Trump falsely claimed victory in a tight U.S. election...
Building a Bridge to Clean Energy in Africa
The signs of global warming surround us in our daily lives, the changing pattern of the seasons, the rise of the ocean level and...
ExxonMobil Lays Off 14, 000 Following Dwindling Oil Demand
ExxonMobil has announced plans to cut its global workforce by 15 per cent in the next two years.
The cuts will come through attrition, targeted...
Investors Shun Uganda’s Second Oil Licensing Despite Bid Extensions
Investors appear to have shied away from the Uganda’s second oil licensing as the second extension of the bids expired at the end of...
Global Energy Transition Program to Gulp $1trn Investment in Metals Over...
The energy transition initiated across the world will require an investment of $1 trillion in certain metals to continue, according to a Wood Mackenzie...
Exxon Mobil’s Fading Star: No Longer the US Biggest Energy Company
Exxon Mobil Corporation was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the largest...
UK Special Forces Arrest Seven After Storming Oil Tanker from Nigeria
SEVEN stowaways have been arrested by British Naval Special Forces, when they stormed an oil tanker in the English Channel on suspicion of hijacking
Hampshire...
India Will Drive Global Energy Demand – PM Narendra Modi
India will drive the global energy demand as consumption is expected to double over the long term, PM Modi said while addressing the forum....
Should Countries Fire Sell Their Oil & Gas Assets?
Dr. Victoria R. Nalule and Dr. Xiaoyi (Shawn) Mu of the CEPMLP, University of Dundee address the misconceptions surrounding the continued role of fossil...
Rising Infections May Delay Oil Recovery, OPEC Chief Says
The anticipation for global oil market recovery is seemed doused again as coronavirus infections rise around the world.
The Opec Secretary General, Mohammad Barkindo on...
Gabon Plans a Slight Reduction of its Oil Production in 2021
In 2021, Gabon’s oil production will drop by more than 10,000 bpd, according to the budget bill currently under review. A situation which will...
Oil Price Slips as New Lockdown Measures Threaten Demand Recovery
Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth...
OPEC+ Meets in November, Assures Stability in Oil Prices
Organisation of Petroleum Exporting Countries (OPEC+) alliance has assured that it will ensure that oil prices do not plunge steeply again when it meets...
IEF, GECF Heads Discuss Expanded Cooperation
The International Energy Forum (IEF) and the Gas Exporting Countries Forum (GECF) conducted the first virtual meeting between new IEF Secretary General HE Joseph...
Airborne Oil & Gas Changes Name to Strohm
...Says Strohm’s TCP reduces carbon footprint by more than half
A leading manufacturer of Thermoplastic Composite Pipe (TCP) Airborne Oil & Gas, has changed its...
U.S. tribunal orders oil firm to pay Nigeria $660,000
The tribunal also absolved the Federal Government of Nigeria of any liability.
The Minister of Justice, Abubakar Malami, on Wednesday, welcomed the judgment of a...
Banks Seeks Auction of Kenya’s National Oil on Sh3.8bn Loan Default
Cash-strapped National Oil Corporation of Kenya (Nock) is currently risking asset seizure and auction following the default over a Sh5.3 billion bank loans, the...
Sahara Energy Invests $450m in LPG Supply in Cote d’ Ivoire...
Sahara Energy Resource Limited, a member of the energy conglomerate, Sahara Group, has said that since 2014 it ploughed over $450 million into facilitating...
Total Says Africa is at the Heart of its Long-Term Strategy
…To sell some of its interests Africa …Oil pipeline tenders launched …Nigeria LNG Train7 expansion key target
French oil giant, Total has said that...
ExxonMobil Commits to Core Oil & Gas Says Renewables Have Unattractive...
…Shift from oil ‘existential threat’ for future oil volatility.US oil giant, ExxonMobil has said that it will remain focused on growing its core...
