Biofuels Natural Gas Oil & Gas

Implications of Canada and Nigeria’s new rules on methane emission cut by 2030

The effect of methane emission has led to the duo countries of Nigeria and Canada announcing new rules targeted towards reducing its at their sites, facilities and infrastructures at the UN climate summit.   Rising from the the U.N. climate summit on Friday, Reuters reported that oil and gas producing countries, Canada and Nigeria have […]

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Middle East Oil & Gas Opinion

Adnoc Sets World Record for Longest Oil Well in 2022

Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC) has just set a world record of drilling the longest well in the world with a measurable depth of 15,240 meters deep, which is about 50,000 ft at its upper zakum concession in October, 2022.    This record breaking milestone of having the longest oil well […]

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Africa Business & Finance Renewables

Sterling Towers: The inside story behind Africa’s first Solar Tower

Lagos, Nigeria – Amidst the recurring and current energy crisis rocking Nigeria owing to incessant power failures, national grid collapse and the soaring prices of petrol – PMS and diesel – AGO; a Nigerian Commercial Bank headquartered in the heart of the nation’s commercial city has started the first building integrated photovoltaics – BiPV solarization project […]

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Africa Markets Oil & Gas

How Nigeria is losing 600,000 barrels of oil per day

Abuja, Nigeria – In what may be described as a major breakthrough, the Nigerian Government through The Chief Executive of the nation’s petroleum controlling agency, Nigeria National Petroleum Company Limited, Mele Kayari revealed that the Company has uncovered an illegal 4km pipeline connecting the forcados in Delta State to The Sea, and a Loading Port […]

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Oil & Gas Opinion

Should Offshore Drilling be Banned?

Numerous individuals have recently reexamined how safe the environmentally damaging practice of drilling offshore is as a result of recent maritime tragedies associated with oil spills. Many oil firms continue to insist that drilling offshore is secure despite fires, explosions, leaks and significant pollution. Concurrently, environmental organizations and the impacted marine communities push for an […]

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Africa Markets Oil & Gas Opinion

Is Nigeria’s Crude Oil really cursed?

Opinion – Nigeria’s crude oil was reportedly first discovered in Oloibiri in the Niger Delta region of the country in 1956. This commercial discovery of oil in Nigeria brought to an end over fifty (50) years of failed oil exploration and ushered Nigeria into the comity of oil producing nations and with the successful discovery and […]

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North America

OPEC+ Cut Poses New Threat to Biden

Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. It was a victory lap that may soon prove premature. More than a month after tweeting he had vanquished “Putin’s price hike at the pump,” […]

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Africa

Libya’s Complicated Push for More Oil Production

Tripoli — Political upheaval threatens the nation’s top export, including a spring shutdown of oil fields that deeply cut production. But Tripoli has resumed higher output at a critical time. After months of extracting only 600,000 barrels or less per day (bpd), half of the daily amount of 1.2 million in January 2022, Libya is […]

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Oil & Gas

5 Top Safety Hazards to Consider in the Oil and Gas Industry

There has been a great improvement over the past decade in the safety of workers in the oil and gas industry. The number of incidents and deaths has reduced by half out of 100 workers in 2021 as compared to the 1970s. It is estimated that 38 workers died in the 1970s per 100 workers […]

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