Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports. Putin announced for the first time the second stretch of the 1,200+km pipeline has been filled…
The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and…
The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Act that will govern a sovereign wealth fund managing the…
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 emissions peak before the end of this decade. State-controlled firms…
The number of metered customers has increased by 17.7 percent to 4,772,906 in September 2021, from 4,053,403, recorded in the corresponding period of 2020. This according Q1 to the Nigerian Electricity Regulatory Commission, NERC. In its Key Operational & Financial…
Indian state firm Oil and Natural Gas Corporation (ONGC) plans to raise fourfold its exploration and production acreage by 2025. The India’s petroleum minister said on Thursday, as the world’s third-biggest oil importer looks to reduce its large dependence on…
Crude oil production in the United States could increase by close to 1 million bpd next year, according to IHS Markit’s Daniel Yergin. Speaking this week, Yergin said that “The U.S. is back. For the last year, year and a…
Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said that the 2020 marginal field bid round programme would be closed with machinery to progress the bid round exercise in line with the Petroleum Industry Act 2021 (PIA). The Federal Government anticipates…
Saudi Arabia could cut the official selling price for oil to Asian buyers in February after raising them substantially this month. According to a report citing industry insiders and poll data, the Kingdom could slash the prices for all its…
South African High Court has ordered Shell to immediately put in abeyance its seismic survey along the Wild Coast in the Eastern Cape until it has undertaken a full environmental impact assessment and adequate public consultation. The Grahamstown High Court…
