Saudi Arabia in November exported its highest volumes of crude oil in two years, the latest figures from the Joint Organizations Data Initiative showed Monday, as the kingdom boosted its Continue Reading
Country loses estimated N995.2bn annually A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and Continue Reading
Oil thieves illegitimately refining crude oil at Otor-Edo and surrounding communities in Ughelli South Local Government Area, Delta State, and soldiers from the 222 Battalion, Agbarha-Otor, in the state are Continue Reading
China’s refinery crude throughput rose 4.4% year on year to 51.17 million mt, or an average 12.10 million b/d, in December, preliminary data released by the National Bureau of Statistics Continue Reading
Amid increasing signs of China’s industrial slowdown in 2019, data this week showing record oil and natural gas imports likely indicates a country at peak energy growth, with its thirst Continue Reading
China’s domestic thermal coal production and consumption would fall steeply in the coming weeks as several industries and mines are likely to come to a standstill ahead of the Lunar Continue Reading
Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling Continue Reading
Japanese technology giant Hitachi on Thursday Jan 17 announced it was suspending all further work at its Wylfa Newydd nuclear project in Anglesey, north Wales. This decision by Hitachi’s Board Continue Reading
Norway’s oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate’s forecast for the month by 2.5 percent amid technical problems at some offshore fields, the Continue Reading
The carbon-rich permafrost warmed “in all permafrost zones on Earth” from 2007 to 2016, according to a new study. Most ominously, Siberian permafrost at depths of up to 30 feet Continue Reading
