Oil Production Share: We should stick to $20 per barrel oil revenue – Stella Oduah
11 October 2019 | 6:00 am
Oil Production Share: We should stick to $20 per barrel oil revenue - Stella Oduah
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A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
Tunisia is one of the biggest olive oil producers in the world. Now one company has found a way to use the considerable leftover biomass from making the oil by turning it into heating briquettes.
Saudi Arabia's national oil producer Aramco achieved "record" profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices.
The Democratic Republic of Congo wants more money for climate projects. Otherwise, oil drilling could replace fishermen in the world's largest peat bog. And that could spell devastation for the environment.
Thousands of people in Nigeria's Niger Delta region are suing oil giant Royal Dutch Shell over alleged damage to their communities. They hope to convince a British court that Shell's exploration activities have polluted their rivers and water supplies.
The oil production cuts will total more than a million barrels per day — the biggest reduction since OPEC slashed two million barrels a day in October.
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war chest.
Guyana is one of the Caribbean’s poorest countries. But now huge oil reserves have been found off the country's coast. That’s raised hopes it will soon be as rich as Qatar. Activists warn of the potential environmental fallout.
Lawyers representing more than 13,000 Nigerians argued at London's High Court on Tuesday (April 4) that Shell is attempting to shield itself from scrutiny over pollution in Nigeria.
One traditional method of making edible palm oil in Nigeria involves stomping on the fruits. Some food experts say the use of feet in the production process could pose a hygiene risk.
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