Blog | Page 31 of 129 | Ibe Kachikwu

4th February 2022

25th OPEC and Non-OPEC Ministerial Meeting Concludes

Following the conclusion of the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference on Wednesday, 2 February 2022, and in view of current oil market fundamentals and the...

3rd February 2022

TotalEnergies and CNOOC Reach FID on Ugandan Lake Albert Development

The Final Investment Decision (FID) for the Lake Albert Development in Uganda has been announced by TotalEnergies, a French energy company, and the China National Offshore Oil Corporation (CNOOC). TotalEnergies...

3rd February 2022

OPEC+ Still Expects Oil Surplus This Year – Reports

According to a report from OPEC+'s Joint Technical Committee meeting earlier this week, the global oil market will remain in surplus this year, but the overhang has been reduced by...

2nd February 2022

Germany: Shell Forced to Reroute Oil Supplies to Alternate Depots After Cyberattack

Shell's oil supply chain in Germany has been damaged by a cyber-attack on a German oil storage and logistics firm, and the supermajor said on Tuesday that it is rerouting...

2nd February 2022

ExxonMobil Earns $23 Billion in 2021, Initiates $10 Billion Share Repurchase Program

ExxonMobil reported its highest profit in seven years in 2021, thanks to surging energy prices, which boosted the company's income by more than $100 billion. The largest oil company in...

1st February 2022

Qatar to Supply EU with More LNG If Certain Conditions are Met

Qatar, one of the world's top LNG producers, wants the European Union to limit the resale of gas shipments outside the EU in exchange for Qatar agreeing to redirect emergency...

1st February 2022

Nigeria Lost Close to Half a Billion in Oil Revenues to Force Majeure in December

According to Nigeria's National Oil Company, the Nigerian National Petroleum Corporation (NNPC), OPEC's largest African producer, lost an estimated $487.5 million in oil earnings in December 2021 due to force...

31st January 2022

Chevron Records Best Yearly Earnings For 7 Years

Chevron (NYSE: CVX) had a record-high free cash flow and its strongest annual earnings since 2014, thanks to rising oil and gas prices and an economic comeback in 2021. In...

29th January 2022

Energy Transition “Is Not Going Smoothly” – Saudi’s Aramco CEO

The energy transition “is not going smoothly,” the Chief Executive of Saudi Aramco, Amin Nasser, said on Thursday, calling for continued investment in oil and gas until low-carbon energy could...

28th January 2022

TransGlobe Energy, Pharos Energy Sign New E&P Contracts in Egypt

TransGlobe Energy and Pharos Energy have signed new concession agreements with Egypt's Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation to conduct E&P activities in the...