NIGERIA’s leading marginal field operator, Oriental Energy Resources Limited, OERL, has confirmed oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field. Oriental Energy commenced the appraisal drilling campaign in the North Fault Block of the field in the first quarter of 2019, Q1’19, with the objective…
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by Libya, and continuing tensions in the Persian Gulf, oil prices saw the largest daily loss in years on Thursday after President Donald Trump tweeted that his administration would be putting…
Energy efficiency is the most cost-effective way to achieve economic growth, decarbonise economies and meet the goals of the Paris Climate Agreement, write Kim Fausing and Rachel Kyte. As the world increasingly benefits from the price revolution in renewable energy and the world’s largest investors come to grips with the phase-down of fossil fuels, it…
Shittu Oluwadamilola – Abuja The Nigerian National Petroleum Corporation has said the volume of foreign investment flow into the country will not be as robust as it should be until the petroleum legislation for the oil and gas sector is passed. The NNPC’s Group Managing Director, Mele Kyari, said this during a visit of the…
