Saudi Arabia, a country nearly synonymous with plentiful crude supplies, is offering one of the strongest signs yet that the glut that has plagued the oil market since 2014 is Continue Reading
Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. “If oil resources are well Continue Reading
The number of active U.S. oil rigs dipped by 7 this week, after increasing by 9 last week, and 3 the week before. Natural gas rigs were up by 4 Continue Reading
Nigeria, Explosion Police in the area of Imo in Nigeria have confirmed that there has been an attack on a Shell Petroleum Development Company (SPDC) facility there. The attack, which Continue Reading
A new militant group identified as Red Scorpion is believed to have blown up an oil installation owned by Elf Petroleum Nigeria in Awara, Ohaji/Egbema LGA of Imo State. The Continue Reading
Nigeria’s oil revenue dropped by $35.67 billion (about N7 trillion) in 2015 according to the report in the Organisation of Petroleum Exporting Countries (OPEC)’s annual statistics bulletin released yesterday. The Continue Reading
The single most effective action that most Americans can take to help reduce the dangerous emissions that cause climate change ? Buy a more fuel-efficient car. But consumers are heading Continue Reading
The American Petroleum Institute (API) and other energy industry groups are urging the U.S. government not to remove Arctic offshore drilling from the table through 2022, despite strong opposition over Continue Reading
If you reside on the west coast, you are living on borrowed time. As you will see below, stress has been building up along the San Andreas fault for more Continue Reading
Offshore Oil Rig Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and raise barrel Continue Reading
