Other Pages
- Opinion Poll
- About Us
- Send Your Story
- Contact Us
- Newsletter
- Privacy Policy
- Terms and Conditions
We're glad you're here for the most recent Oil & Gas News collections, where we swiftly present the most interesting AllNews stories from the previous week.
Oil Producers Shell Petroleum announced that the number of oil spill increased month over month (MoM) by 100% to 12 in February 2023 from the six spills reported in the month before in January 2023.
Also, when compared year over year, YoY, the number of events increased by 33.3% from nine in February 2022 to 12 in February 2023. Read more here.
The Joe Biden administration will formally authorise the Willow oil drilling project in Alaska on Monday, according to two persons familiar with the decision despite strong resistance due to the project's potential effects on the environment and the climate.
In an apparent effort to quell criticism of the Willow decision and create a "firewall" to prevent future oil leases in the region, the president will also impose stringent limitations on offshore oil leasing in the Arctic Ocean and across Alaska's North Slope. Read more here.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday revealed that it is aware of the current financial difficulties that the nation's most recent winners of marginal oil fields were experiencing and that it was attempting to lessen the difficulties.
In a statement, the commission's chief executive, Gbenga Komolafe, highlighted that the oil and gas industry regulator was preparing a production-based loan arrangement to assist licence holders in obtaining the capital they require in acknowledgement of the financial challenge many of them confront. Read more here.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it is preparing a production-based loan initiative to help the licence holders of the 2020 Marginal Field Bid Round find the funding they require.
NUPRC said that it will assist the recipients in starting complete field development in preparation for first oil. Read more here.
Shell Petroleum Development Company of Nigeria Ltd (SPDC) on Wednesday resumed oil exports from the Bonny Crude Oil Export Terminal.
Crude oil shipments resumed from the facility on March 3, 2022, after the "Force Majeure" ban on oil exports was lifted as a result of an explosion on a pipeline supplying the terminal. Read more here.
These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.
0 Comment(s)