Over 50 people were missing after a leaking oil pipeline exploded and caused a stampede in southern Nigeria on Friday. A spokesman for the Nembe Chiefs Council,Nengi James-Eriworio said that the blast caused a massive oil spill in the Nembe…
Author: Egbuwalo Akindele
Oil Industry Facing Crisis
Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based…
Venezuela Crisis Risks Disrupting Global Crude Market As Chevron CEO Vows To Remain In Venezuela
Ongoing political crisis in Venezuela risks disrupting global crude markets as the type of oil pumped by the OPEC member becomes increasingly scarce International Energy Agency has stated. Venezuela’s biggest customer, the US is banning oil imports from the country…
India’s PM Narendra Modi presents ADNOC Group CEO with “International Lifetime Achievement Award” at Petrotech 2019
His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO of the Abu Dhabi National Oil Company (ADNOC), was honored, today, with the “International Lifetime Achievement Award” for his outstanding contribution to the global energy industry.…
Anti-OPEC bill allowing U.S. to sue oil cartel moves forward
Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels…
Airborne Oil & Gas awarded contract by TOTAL in West Africa
Airborne Oil & Gas B.V. has been awarded a contract from TOTAL to supply a TCP (Thermoplastic Composite Pipe) Jumper for a deepwater project in West Africa. The field is located approximately 93.2 mi (150 km) offshore in water depths…