PE Energy Limited, a leading energy services company has unveiled a new technology, Multi-phase Pump and Systems to end gas ...

Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

The African Energy Chamber (AEC) anticipates a significant surge in African oil production in 2025, with Nigeria and Angola leading the charge. In its “State of African Energy 2025 Outlook,” the AEC ...

Published Jan. 14, 2025Updated Jan. 21, 2025 For years, as oil and gas companies increased production ... transport and process these fossil fuels employ roughly 25 percent fewer workers than ...

NEW YORK (Reuters) -Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short ...

Nigeria’s daily average oil production rose by 152,000 barrels per day last November 2024. This is according to data sourced from the newly released monthly oil market report by the Organisation ...

Nigeria, Africa’s largest crude producer, alongside Angola, is expected to drive the continent’s oil output to 3.39 million barrels per day (bpd) in 2025 as the region looks to improve production by ...

Growth in shale production is going to be challenged moving forward. One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward ...

The sanctions on Friday targeted two major Russian oil producers and 183 vessels that help transport the petrol, as well as 80 individuals and entities involved in the production and export of ...

Energy major Shell also participated in the tender, which sought advanced recovery technologies and expertise in managing complex mature reservoirs to boost production, ONGC said in an exchange filing ...