A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said. The judge also ordered the seizure of millions of dollars and Swiss francs from the pair, who acted as go-betweens in the…
In its determination to invest in research and development of long-term solutions to reduce greenhouse gas emissions, ExxonMobil has announced that it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change….
In continuation of the interview last week with Ehiedu Iweriebor , a professor at the Department of Africana and Puerto Rican/Latino Studies, Hunter College, The City University of New York. He spoke on the need for the Federal Government to formulate policies that would promote crude oil refining in Nigeria, in a bid to attract…
The United States gas is under threat as a trade war with China escalates. Stephen Stapczynski writes. China may target American liquefied natural gas in retaliation for a fresh round of duties announced Monday by the U.S. While the Asian nation last month said it was considering a 25% tariff on the fuel, it hadn’t…
CNOOC Limited announced today the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south central Bohai Sea, 216 kilometers northwest from Tanggu and 80 kilometers southeast from Penglai city. The average water depth of the oilfield is 27 to 33 meters. The project…
The Nigerian National Petroleum Corporation (NNPC) said it was wrapping up funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. Group Managing Director of NNPC, Dr. Maikanti Baru, who disclosed this while speaking at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain, Tuesday, explained that tremendous progress was recorded…
The Dubai Electricity and Water Authority (DEWA) has formed a strategic partnership with Berkeley Artificial Intelligence Research (BAIR) Lab, in bids to supporting the UAE’s Artificial Intelligence Strategy. This partnership is part of DEWA’s continuous cooperation with the University of California, Berkeley. This comes after the signing of a Memorandum of Understanding (MoU) by HE…
By Irina Slav After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of 2.1 million barrels for the week to September 14. Last week, the authority estimated crude oil inventories had fallen by another 5.3 million…
FISHERMEN of the oil-rich Ogoni ethnic nationality, Rivers State, have raised the alarm that oil has taken over their rivers, causing fishes and crabs to run away. The anglers spoke at Ogoni Freedom Centre in Bori, Khana Local Government Area of the state, when Health of Mother Earth Foundation and other Non-Governmental Organisations held a…
By Tsvetana Paraskova Brazil’s state-run oil firm Petrobras plans to shave another US$10 billion off its huge net debt and increase oil production by as much as 10 percent to 2.3 million bpd in 2019, chief financial officer Rafael Grisolia told Reuters in an interview published on Monday. Petrobras benefited from the rising oil prices…
