Uncategorised Archives | Page 13 of 118

29th June 2022

Nigeria to Address Energy Security by Investing in Several Gas Projects – Sylva

H.E. Mr Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, announced the identification of 20 crucial gas projects during a roundtable discussion hosted by the African Energy Chamber. These...

28th June 2022

Nigeria Will Meet its OPEC+ Quota by August – Timipre Sylva

Nigeria's Minister of State for Petroleum Resources, Chief Timipre Sylva, stated last week that his country would be able to achieve its OPEC output quota by the end of August...

27th June 2022

Germany and Italy Drum Support for Fossil Fuel Investments

Germany and Italy have expressed support for reevaluating the official G7 policy on new fossil fuel investments in third countries, deviating from their previous position. Bloomberg was the first to...

27th June 2022

OPEC+ Revises Downwards its Oil Surplus Projections

According to a report seen by Reuters, OPEC+ is lowering its estimates for an oil market surplus this year. The report, which was created prior to the OPEC+ JTC meeting...

23rd June 2022

Kuwait Believes it Can Reach Its Oil Production Quota for July

Sheikh Nawaf Saud al-Sabah, chief executive of the state-owned KPC, said on Tuesday at the Bloomberg Qatar Economic Forum that Kuwait can expand production to reach its July output quota....

22nd June 2022

Namibia Believes Recent Major Oil Discoveries Will Boost its Economy

Recent large oil discoveries in Namibia might help it treble its economy in the next two decades, according to the chairperson at the National Petroleum Corporation of Namibia (NAMCOR), who...

21st June 2022

China Working on Investing in the World’s Largest Offshore Gas Project

According to Reuters, which cited unnamed sources, Chinese state-owned energy corporations are negotiating investments in the expansion of Qatar's North Field and are ready to sign long-term supply contracts. Qatar's...

17th June 2022

Russia Says It May Continue With OPEC+ Deal Even After 2022

According to Russian Deputy Prime Minister Alexander Novak, Russia's participation in the OPEC+ oil output pact could continue even after it officially expires at the end of this year. Novak...

16th June 2022

Oil Demand to Reach Record-High in 2023 – IEA

The International Energy Agency (IEA) stated on Wednesday in its initial outlook for 2023 that oil demand growth will accelerate next year, with world demand averaging a record 101.6 million...

15th June 2022

Oil Prices Soar as OPEC Reports a Drop in Production in May

According to the OPEC Monthly Oil Market Report released on Tuesday, the cartel did not increase output in May as promised but instead it recorded losses for the month. Saudi...