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We need more oil and gas, says Elon Musk

Posted by Lilian Osigwe
|Date: March 05, 2022
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We need more oil and gas, says Elon Musk

Elon Musk — the man whose Tesla and Tesla Solar have basically devoted their existence to c ...

Elon Musk — the man whose Tesla and Tesla Solar have basically devoted their existence to competing with gas-guzzling cars, oil, and coal, and which briefly reached a market cap of $1 tr ...

March 05, 2022
| by Lilian Osigwe

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Biden’s new climate orders to include pause on federal oil and gas leasing

Posted by Lilian Osigwe
|Date: January 27, 2021
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Biden’s new climate orders to include pause on federal oil and gas leasing

The Biden administration is expected to announce a temporary suspension of new oil and gas leasing ...

The Biden administration is expected to announce a temporary suspension of new oil and gas leasing on U.S. federal lands; and waters on Wednesday, and to order that nearly a third of federally ...

January 27, 2021
| by Lilian Osigwe

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Oil climbs as hurricane limits U.S. production

Posted by Kingsley Alaribe
|Date: September 18, 2020
| 0 comments

Oil climbs as hurricane limits U.S. production

Oil extended gains on Wednesday, advancing by over 2%, as a hurricane halted offshore operations in the U ...

Oil extended gains on Wednesday, advancing by over 2%, as a hurricane halted offshore operations in the United States oil and gas sector and an industry report pointed to a fall in the country’s crude ...

September 18, 2020
| by Kingsley Alaribe

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Oil and Gas companies revenues plummet by over N84 billion in 3 months

Posted by Kingsley Alaribe
|Date: August 03, 2020
| 0 comments

Oil and Gas companies revenues plummet by over N84 billion in 3 months

Revenues of some of the major oil and gas companies quoted on the Nigerian Stock Exchange fell by about 3 ...

Revenues of some of the major oil and gas companies quoted on the Nigerian Stock Exchange fell by about 38% in the second quarter of 2020 wiping out a whopping N84.7 billion from their topline revenue ...

August 03, 2020
| by Kingsley Alaribe

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Redundant Halliburton worker sets up Aberdeenshire hand sanitiser business

Posted by Lilian Osigwe
|Date: May 13, 2020
| 0 comments

Redundant Halliburton worker sets up Aberdeenshire hand sanitiser business

An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has ...

An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has now set up his own hand sanitiser business to help tackle the virus. Marko Steig ...

May 13, 2020
| by Lilian Osigwe

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Vitol withdraws from $1.5bn deal to buy Nigerian oil fields

Posted by Lilian Osigwe
|Date: November 05, 2019
| 0 comments

Vitol withdraws from $1.5bn deal to buy Nigerian oil fields

Oil trader Vitol said it has quit a consortium that was set to buy a stake in two Nigerian oil fie ...

Oil trader Vitol said it has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras; its former partner said at the weekend. Africa Oil said it would c ...

November 05, 2019
| by Lilian Osigwe

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Shell adds $200 million to support fund, brings it to $2.4 billion

Posted by Daniel Oduma-Jato
|Date: March 25, 2019
| 0 comments

Shell adds $200 million to support fund, brings it to $2.4 billion

The Shell Petroleum Development Company of Nigeria Limited (SPDC) just added $200 million to its support ...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) just added $200 million to its support fund in a demonstration of its commitment to boost the financial capacity of vendors and suppli ...

March 25, 2019
| by Daniel Oduma-Jato

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Factory Act To Reduce Work Hazards in Oil Industry; AOS Orwell Tell Others

Posted by Daniel Oduma-Jato
|Date: November 12, 2018
| 0 comments

Factory Act To Reduce Work Hazards in Oil Industry; AOS Orwell Tell Others

African Oilfield Services (AOS Orwell), an indigenous oil firm have called for the Factory Act to ...

African Oilfield Services (AOS Orwell), an indigenous oil firm have called for the Factory Act to be properly implemented to arrest the increasing accidents in the oil and gas industry in the c ...

November 12, 2018
| by Daniel Oduma-Jato

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Nigeria wastes $1trn earned in oil booms- Report

Posted by Lilian Osigwe
|Date: August 20, 2018
| 0 comments

Nigeria wastes $1trn earned in oil booms- Report

But for the recurring wastefulness of federal government, the country could have used about $1 trillion i ...

But for the recurring wastefulness of federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil booms to develop and d ...

August 20, 2018
| by Lilian Osigwe

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Nigeria records declining rig count, as OPEC shows minus 13 (Vanguard)

Posted by Lilian Osigwe
|Date: August 07, 2018
| 0 comments

Nigeria records declining rig count, as OPEC shows minus 13 (Vanguard)

Nigeria’s rig count for the month of June showed a slight decline of minus one, having recorded 32 as aga ...

Nigeria’s rig count for the month of June showed a slight decline of minus one, having recorded 32 as against 33 recorded in May, at a time the 14-member Organisation of Petroleum Exporting Countries ...

August 07, 2018
| by Lilian Osigwe

| 0 comments

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