17 July 2018, News Wires — Brent crude prices rose from a three-month low on Tuesday after more oil workers…
Browsing: U.S. Energy Information Administration
10 July 2018, Libreville — Gabon oil workers’ union ONEP began a 15-day strike at the facilities of French oil…
27 June 2018, News Wires — French oil and gas company Total SA expects the global natural gas market to grow…
The minister observed that the Light sweet Nigerian crude is very similar to the light oil produced in US shale, adding that as US shale production has grown, the appetite for Nigerian crude in the US has dropped dramatically.
Iraq, OPEC’s second-largest producer, committed to reduce daily production by 210,000 barrels to 4.351 million barrels as part of a December agreement among major oil producers. That agreement stipulated a total reduction of 1.8 million barrels per day in the first six months of 2017.
The gain also boosts Nigeria’s capacity to fund its N7.3 trillion 2017 budget, and if the gains continue, may reduce the dependence on external borrowings to fund the budget and other development projects.
08 June 2016, Lagos – Nigeria has ranked fifth amongst countries in the world to have flared (burnt off) the highest…
17 October 2015, News Wires – For the first time since America’s shale boom began, the flow of natural gas from…
23 August 2015, News Wires — Aubrey McClendon, the wildcatter who pioneered the U.S. shale revolution by going where big…
09 April 2015, Lagos – OPEC’s non-crude liquids production, which averaged 6.4 million bpd in 2014, is expected to increase…
