Latest News for: Oil industrie

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Isa: OPTS Must Drive Ethical Process in IOCs’ Divestments

This Day 03 Oct 2022
Abdulrazaq Isa, in this interview with THISDAY in commemoration of the 60th anniversary of the Oil Producers Trader Section, shared his thoughts on topical issues in the Nigerian oil and gas industry and the union’s contributions to the growth of the sector in the last six decades.
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Canada’s Status as an Oil Producer, Current Conditions and Prospects

FX Empire 03 Oct 2022
High costs and environmental impacts have been the main impediments to expanding the oil and gas industry in Canada ... Because of a lack of great economic incentive to overcome the downsides of pollution, Canada is not heavily motivated to aggressively grow its oil and gas industry.
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Towards sustainable development of Africa’s upstream market…A Tullow Oil perspective

Joy Online 03 Oct 2022
The Africa Oil Week is the largest annual gathering of energy experts and leaders on the African continent, where critical discussions are held leading to major policy and industry reforms ... and recording industry-level achievements as the pioneer commercial oil producer.
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Plugging the leaks in B.C.’s oil and gas sector

North Shore News 03 Oct 2022
“I think this program is important in moving industry in the right direction, and this shows that there’s uptake – that companies are using the program to make the kinds of reductions that we need to be seeing to lower emissions in industry,” said Jan Gorski, program director for oil and gas at the Pembina Institute. .
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We Are Not in Hurry for Energy Transition, Says PTI Boss

This Day 03 Oct 2022
The Principal however assured that the PTI was poised to focus research in the key areas to develop local content capacity in oil technology to enable the country achieve some independence in the design and production of technology for the oil industry.
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Govt cuts windfall taxes on diesel, aviation fuel and local oil

The Times of India 03 Oct 2022
India slashed on locally produced crude oil, and for exported diesel and aviation turbine fuel, in line with the decline in international prices. The tax on crude oil ... The latest cuts will help Indian fuel exporters such as billionaire Muksh Ambani’s Reliance Industries Ltd.
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Europe Faces an Exodus of Energy-Intensive Industries

GlobalResearch 03 Oct 2022
Uberti cites industry executives as saying that it has not exactly been a difficult decision to make ... European Aluminium, the industry association, even said energy costs could result in the breakdown of the aluminum industry in Europe ... Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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Safeen Group signs fuel oil transport, storage pact with Iraqi firm

Gulf Daily News 03 Oct 2022
The fuel oil will then be transferred and stored on the VLCCs, which will serve as floating fuel tanks with monthly delivery capacity of 750,000 tonnes.  ... This agreement underlines our capacity to tailor solutions to the specific needs of companies in the oil and gas industry and marks an important extension of our presence in Iraq.”.
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Report: Jobs in Renewables Sector to Double in 2023, Exceed Employment in Oil Industry

This Day 03 Oct 2022
*Oil set for first quarterly drop since 2020 as uncertainty trails outlook ... Nigeria’s job growth in the decentralised renewable energy is expected to exceed 76,000 in 2023, up from 32,000 in 2019 and overtaking the oil and gas sector, a new report has stated ... oil and gas sector.
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OPEC+ considering major production cut to prop up oil prices

The Spokesman-Review 03 Oct 2022
Analysts say that the Saudis appear determined to bring oil prices up to about $90 a barrel ... Moscow’s oil and gas industry also appears headed for almost certain medium-term decline because Western companies will no longer supply it with technology ... The oil agreement on production management that binds OPEC+ together expires at the end of the year.
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Market likely to continue to correct this week

Vietnam News 03 Oct 2022
All industry groups inched down, with oil and gas stocks posting the biggest loss of 11.1 per cent in market capitalisation. The loss in oil stocks was attributed to strong corrections in oil prices in the international market as the risk of an economic recession raised concerns about weaker demand. .
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Buhari to Confer National Honour on Rainoil Boss

This Day 03 Oct 2022
He has over three decades cognate experience in the Nigerian oil and gas industry and has also made a strong commitment in the development of sports in Nigeria, through sponsoring of annual Rainoil tennis tournament.
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AP Business SummaryBrief at 1:26 a.m. EDT

SCNOW Morning News 03 Oct 2022
The Dow Jones Industrial Average lost 1.7% and the Nasdaq fell 1.5%. Oil prices surged more than $2 after oil producers announced production cuts. Allies aim for risky Russian oil price cap as winter nears ... The countries would pay only cut-rate prices for Russian oil.
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AP Business SummaryBrief at 2:10 a.m. EDT

SCNOW Morning News 03 Oct 2022
The Dow Jones Industrial Average lost 1.7% and the Nasdaq fell 1.5%. Oil prices surged more than $2 after oil producers announced production cuts. Allies aim for risky Russian oil price cap as winter nears ... The countries would pay only cut-rate prices for Russian oil.
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AP Business SummaryBrief at 2:36 a.m. EDT

SCNOW Morning News 03 Oct 2022
The Dow Jones Industrial Average lost 1.7% and the Nasdaq fell 1.5%. Oil prices surged about $2 a barrel after oil producers said they were considering more production cuts. Allies aim for risky Russian oil price cap as winter nears ... The countries would pay only cut-rate prices for Russian oil.
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