Source: Vanguard NGR
By Michael Eboh The Nigerian National Petroleum Corporation (NNPC), Monday, said it will resume the exploration of crude oil in the Chad Basin, following the improvement of security in the North-East region of the country. Group Managing Director, NNPC, Dr. Joseph Dawha, who disclosed this in a statement signed by Mr. Ohi Alegbe, Group General […]
May 4, 2015 Source: U.S. Energy Information Administration, Republished 1:15 p.m. May 4, 2015 to correct an error in the graph. EIA’s (AEO2015) Reference case projects that electricity consumption will increase at an average annual rate of 0.8% from 2013 to 2040, nearly in line with expected population growth. Continuing a recent trend toward lower […]
The Bayelsa Government said on Thursday that it would assist farmers whose farmlands were affected by the April 15 oil leak from Shell oil field in Otuasega community. The Bayelsa Commissioner for Environment, Mr Iniruo Wills, in a NAN report from Yenagoa said that the government would ensure that the impacted areas were cleaned up […]
Pretoria — The price of petrol will remain unchanged next month, the Department of Energy says. The main factors for the unchanged fuel price include the Rand depreciating slightly against the US Dollar and the international price of Brent crude oil experiencing a slight increase during the period under review. The department said while the […]
May 1, 2015 Source: U.S. Energy Information Administration, based on Alaska Department of Revenue’s Note: Dividend values reflect calendar year, and permanent fund values reflect fiscal year. The Alaska Permanent Fund, established using revenues paid to the state by oil and natural gas producers, provides Alaska residents with an annual cash dividend, which is unique […]
Photo: Oil refinery By Bassy Udu Abuja — The much anticipated , operations on the missing $ 20 billion oil money may not amount to much after all, with PricewaterhouseCoopers, the audit firm that conducted the probe, saying it cannot vouch for the integrity of its findings.In a startling introductory letter addressed to Nigeria’s Auditor […]
April 30, 2015 Source: State Treasurer’s Office reports for each state as of December 31, 2014 Note: * West Virginia’s fund is too new to show a measurable balance. Taxation of coal, crude oil, and natural gas production presents opportunities for states to collect revenue as nonrenewable resources are produced. Natural resource permanent funds are […]
April 29, 2015 Source: U.S. Energy Information Administration, ) U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century. EIA’s Reference case projections in the (AEO2015) show that domestic consumption is expected to grow at a modest 0.3% per year through […]
Tullow Oil’s shares rose to a five-month high on Monday this week after the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled in Ghana’s favour in a maritime dispute with Ivory Coast. The Tribunal allowed Tullow Oil to proceed with its work in the Tweneboa, Enyenra and Ntomme (TEN) oil fields off […]
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In the recent past I have written about the use of polymers in high-pressure jets and that they can significantly improve jetting performance, with no additional changes in the power or pump and equipment used in the work. This is because of two different effects that the polymers have. Firstly they reduce turbulence in the […]
April 28, 2015 Source: U.S. Energy Information Administration, ) Republished April 28, 2015, 11:00 a.m., to correct an error in the text. In its recently released (AEO2015), EIA expects the United States to be a net natural gas exporter by 2017. After 2017, natural gas trade is driven largely by the availability of natural gas […]
analysis By Barthélemy Blédé and André Diouf Côte d’Ivoire and Ghana are eagerly awaiting the a verdict from the Hamburg-based International Tribunal for the Law of the Sea, set to be delivered tomorrow, 25 April. The two countries are caught in a dispute over their maritime boundary. The real issue, however, is the control of […]
April 27, 2015 Source: EIA, based on . Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to […]
