Tag Oil has announced that its Founder, Chairman and Director, Alex P. Guidi, has resigned to pursue other opportunities, effective immediately. Alex P. Guidi commented, “I have sincerely enjoyed working with TAG Oil, but after an exciting thirty plus years in the international oil and gas industry, I am going to focus my attention on interests…
ExxonMobil has announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create…
Governor Aminu Tambuwal cutting the tape during the inauguration of the project By Energy Worth with Agency Report Governor Aminu Waziri Tambuwal of Sokoto State has commissioned the 80KWp solar mini – grid electricity project which will provide uninterrupted power supply to Kurudla Village in Gudu Local Government Area of Sokoto State on Friday 19th…
The Transmission Company of Nigeria regrets to announce that activities of wood loggers in Ukana town, by Nineth Mile-Nsukka road, Enugu, have damaged the transmission line between Oji River and Nsukka in Enugu State, cutting off electricity supply to the 2x 7.5MVA 66/11KV transmission Substation in Nsukka, which supplies electricity to Nsukka town in Enugu…
The enthusiasm in the oil markets is breaking records.Hedge funds reported record wagers on continued price increases for both U.S. and global oil benchmarks, along with gasoline and diesel. Meanwhile, producers are hedging production at record rates as oil experiences its best January since 2006.“There is a lot of interest in the direction of crude…
By Energy Worth The chairman, House of Representatives Committee on Water Resources, Hon. Aliyu Ahman-Pategi, on Monday hinted that the protracted crisis in the downstream sub-sector of Nigeria’s oil economy which led to the current fuel scarcity in the country would not be abated for now as it has gone beyond the federal government power…
Exxon Mobil Corporation will release fourth quarter and full year 2017 financial results on Friday, February 2, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com.Jeff Woodbury, vice president of Investor Relations, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can…
*NNPC GMD, Dr Maikanti Baru, exchanging pleasantries with the investigating team. The Nigerian National Petroleum Corporation (NNPC) Monday in Abuja revealed that the Nigerian Federation was indebted to the corporation to the tune of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015.Leading a team of Top Management of the NNPC to the…
By Energy Worth The Oil and Gas Free Zones Authority (OGFZA) has opened discussions with the Nigerian Ports Authority (NPA) to forge closer ties on a range of issues from use of land in the ports where oil and gas free zones are located to strategic cooperation.The strategic engagement move between the two government agencies…
The once-giant crude nation whose output plunged in the past decade is enticing the world’s richest explorers with cut-rate prices for drilling rights to its most coveted offshore fields. The Jan. 31 auction for access to 29 deepwater tracts comes as $70/bbl crude lifts foreign drillers from the worst market slump in decades. ExxonMobil Corp.,…
