Multinational oil and gas companies’ increasing shift towards low carbon investments is threatening the future of discoveries in East Africa, a region that was regarded as a frontier for hydrocarbons. Continue Reading
The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental Continue Reading
Port Harcourt — The Nigerian Army has said it destroyed no fewer than 120 illegal refining sites in the Niger Delta, insisting that its action was in line with its Continue Reading
On May 16th, Iván Freites, head of the Oil Workers Union of Falcon State, denounced that the Paraguaná refinery is producing 170,000 gasoline barrels per day, when it should be Continue Reading
A meeting between the Venezuelan government and the opposition to resolve the country’s deep political crisis ended without agreement on Wednesday, the opposition said, although negotiators left the door open Continue Reading
Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the country’s offshore subsalt frontier in April and May, capping Continue Reading
China expects to achieve its national coal consumption cap targets in 2020, but the country’s aggressive goals could be tempered due to solid demand from power, steel and petrochemical industries, Continue Reading
Oil markets remained under pressure in early trading on Wednesday amid economic downturn worries due to the U.S.-China trade war that shows no sign of ending. Front-month futures for international Continue Reading
Papua New Guinea, an impoverished South Pacific nation that joined the ranks of the world’s significant energy exporters five years ago, installed a new prime minister who has called for Continue Reading
Major flooding in the Midwest has interfered with crude oil flows from the country’s main storage hub in Cushing, Oklahoma, temporarily pushing prices higher, Reuters reports. “Flooding seems to have impacted distribution Continue Reading
