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Tag: crude oil
ExxonMobil mulls $8b project in Owowo exon
by Muyiwa Lucas and John Ofikhenua, AbujaAmerican oil giant ExxonMobil has reignited plans to invest in multi-million dollar deep water projects in the country’s...
Senate Pushes Reforms to Protect Nigeria’s Petroleum Industry
By Lekan Sowande, Abuja.The President of the Nigerian Senate, Senator Godswill Akpabio, has said the National Assembly is focusing on the critical need for...
Why the Persian Gulf has more oil and gas than anywhere else on Earth
It has been said that Persian Gulf countries are both blessed and cursed by their vast oil and gas reserves. Geologic forces over millions...
NNPC exports new crude grade ‘Cawthorne’ to Netherlands
The Nigerian National Petroleum Company (NNPC) Limited has announced the commencement of exports of a new crude grade, the Cawthorne blend, to the Netherlands.The...
Only a Fraction of Venezuela’s Oil Is Economically Recoverable
By Robert RapierVenezuela's official figure of over 300 billion barrels of proven oil reserves is mostly a statistical reclassification of extra-heavy crude from the...
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Only a Fraction of Venezuela’s Oil Is Economically Recoverable
By Robert RapierVenezuela's official figure of over 300 billion...
Why the Persian Gulf has more oil and gas than anywhere else on Earth
It has been said that Persian Gulf countries are...
NNPC says Oil production nears 1.7mbpd from 1.28mbpd
By Dare OlawinFrom 1.28 million barrels per day in...
ExxonMobil mulls $8b project in Owowo exon
by Muyiwa Lucas and John Ofikhenua, AbujaAmerican oil giant...
Nigeria to import crude oil in future – Onu
Chief-Ogbonnaya, Minister of Science and Technology, Ogbonnaya Onu has...