press release Monrovia — All informed Liberians would agree that the year 2014 has been one of our most challenging years. What with the dreadful Ebola virus killing our people, damaging our sense of security, and devastating our economy. Just prior to the onslaught of the Ebola virus disease, our economy was being affected adversely […]
December 17, 2014 Source: U.S. Energy Information Administration, Note: OPEC is the Organization of the Petroleum Exporting Countries. Iran is excluded because current sanctions make it difficult to estimate revenues. The 2014 revenue estimates are subject to revision as historical production and consumption data are updated. Based on crude oil market assessments in the , […]
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By Ben Agande, Emma Ovuakporie, Johnbosco Agbakwuru, Joseph Erunke & Levinus Nwabughiogu ABUJA—PRESIDENT Goodluck Jonathan will today present the 2015 budget proposal of N4,357.96 trillion to the National Assembly. President Jonathan in a letter to both the Senate and the House of Representatives which was read on the floor of the two chambers also showed […]
By Victor Ahiuma Young THE Federal Government will today meet leaders of striking oil workers and other stakeholders in the petroleum sector in a desperate effort to end the industrial action before it worsens the fuel supply chain and other socio-economic situations. Already, the workers, on the umbrella of the Nigeria Union of Petroleum and […]
December 16, 2014 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The average U.S. household is expected to spend about $ 550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination […]
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When I last wrote about the global supply of oil, it was back in October, as the fall in oil prices was developing. Since then the price has continued to fall, with prices now below $ 60 a barrel. I was doubtful back then that the price would fall as far as it has, and […]
Turkana County government has obtained Sh2.94 billion grant from the British Government for sensitization of the local community ahead of the commencement of oil production. Governor Josphat Nanok said there is need for the community to be taken on board at the onset of the production phase by Tullow Oil Company to manage public expectations. […]
Luanda — A U.S 2.0 billion credit will be granted by the China Development Bank to the Angolan Oil Company (Sonangol E.P) to boost its expansion projects in the oil and gas segments. The information is contained in a Sonangol’s press release that reached Angop on Friday. According to the source, the granting of the […]
December 12, 2014 Source: North Dakota Department of Mineral Resources, Bloomberg The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA’s Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. […]
analysis By Ioannis Mantzikos Nigerian piracy is unique for several reasons. It accounts for 71% percent of all incidents in West Africa, and the methods used by Nigerian pirates are highly profitable. The International Maritime Bureau (IMB), which monitors sea crime, reported eight piracy incidents off Somalia during the first half of 2013. 31 piracy […]
December 11, 2014 Source: U.S. Energy Information Administration, based on During the past few years, several models of plug-in electric vehicles (PEVs), including battery electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), have been introduced in the light-duty vehicle market. PEVs are , which is related to battery capacity, and can usually travel between […]
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In previous posts I have written about the use of lower pressure water (around 10,000 psi) as a way of cutting through rock. From the time that we first made a hole through nine-inches of granite while I was a graduate student some 50-odd years ago the way that we have recommended that rock be […]
December 10, 2014 Source: U.S. Energy Information Administration, based on Federal Highway Administration data and R.L. Polk & Company In 2013, there were about 70,000 battery electric vehicles (EVs) and 104,000 plug-in hybrid electric vehicles (PHEVs)—small numbers compared to around 226 million registered vehicles in the United States. Total U.S. sales of plug-in electric vehicles […]
Oslo — The Executive Committee of the Liberal party in Norway adopted Sunday a motion calling foreign companies to stop all exploration activities and oil drilling off the shore of Western Sahara, stressing that investors through these activities, encourage and legitimize the Moroccan occupation of Western Sahara. The motion also called on foreign companies to […]
Seoul – Nigerian civil servants had urged the Federal Government to partner with South Korea on electricity and transportation to ensure effective and efficient power supply and transport system in the country. Some of the 30 Nigerian civil servants undergoing E-Government capacity development training in South Korea made the call in an interview on Tuedasy […]
