Category: Uncategorised

Author | Legal Icon | Energy Expert

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...
Read More

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...
Read More

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...
Read More

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...
Read More

ADNOC Prepares for First Bond Issue; Begins Diversification Journey

As part of its efforts to diversify its income away from oil, Abu Dhabi National Oil Company (ADNOC) has established a new organisation that will offer the UAE's first bond....
Read More

Saudi Arabia’s Natural Gas Production Increased by 30% in a Decade – EIA

Saudi Arabia's natural gas production increased by 30% in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, according to the US Energy Information Administration...
Read More

Oil Prices Hit $90 for the First Time Since 2014

While rising tensions in the Russia-Ukraine war generated market anxieties about potential supply disruptions, oil markets rose behind a broader market bounce. Futures in New York increased by as much...
Read More

ConocoPhillips is Bullish on the Price of Oil – CEO

ConocoPhillips CEO Ryan Lance expressed his optimism about the price of oil during the Argus Americas Crude Summit in Houston on Monday. He claims that the consolidation effort will not...
Read More

Shell Makes Significant Oil & Gas Discovery Offshore Namibia – Reports

Shell has discovered a large oil and gas discovery offshore Namibia, according to Reuters, which cited three industry sources. Namibia is projected to be one of the hotspots for exploration...
Read More

Mexican Energy Minister Responds to Criticism of Dos Bocas Refinery

According to Energy Minister Rocio Nahle, the new Dos Bocas refinery that Mexico’s government is building to reduce the country’s dependence on fuel imports is “being built in record time....
Read More