Saudi to boost oil output capacity by 1 mn barrels per day ― Aramco
Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies. The decision came a day after Saudi Arabia, the world’s top exporter, decided to hike production by at least 2.5 million bpd to a […]
CRIES FROM DELTA CREEKS: Otuaro, Dep Gov in dilemma over security agents burning crude oil
DEPUTY Governor of Delta State, Deacon Kingsley Otuaro, is in a tight spot over the rampant manner security agents, both Army and Navy personnel, set ablaze crude oil and barges impounded from oil thieves and discharge the contents into the river, oblivious of the danger to residents of riverine communities.
BURNING OF CRUDE OIL: Waterborne diseases hit Delta oil communities
ACTIVISTS in Delta State, weekend, raised a fresh alarm that waterborne diseases have erupted, leading to water scarcity in many riverine communities in the state, while inhabitants are at the mercy of windstorm, following alleged burning of impounded crude oil, barges and forests by security agents.
Oil rises as data shows surprise drop in U.S. crude inventories
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support. Prices, however, were capped by mixed signs for oil demand in China, the world’s biggest crude importer, as industrial output rose more […]
Local Content ”ll cut Nigeria’s crude production cost – Sylva
The Federal Government will deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act because it is an effective strategy for lowering Nigeria’s high crude oil production cost, the Minister of State for Petroleum Resources, Chief Timpre Sylva has said.
Iran discovers new oil field with 50 billion barrels of crude
Iran, one of the largest oil-producing nation in the world has announced Sunday it has discovered a new oil field in its Khuzestan province. The announcement was made by the country’s President, Hassan Rouhani as he revealed the new oil field is capable of producing more than 50 billion barrels of crude oil. According to […]
