Latest News for: Oil assets

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Lokpobiri: Nigeria Has Lost $34bn in Oil Output Decline from Delayed Seplat-ExxonMobil Deal

This Day 17 Apr 2024
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to the fall in production from the assets being ...
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Shell destroyed thousands of livelihoods – Amnesty International

Russia Today 17 Apr 2024
British energy giant Shell should not be allowed to sell its onshore assets in Nigeria until it properly addresses the environmental damages its decades of oil spills have caused in the Niger Delta ...
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Shell destroyed thousands of livelihoods Amnesty International

Beijing News 17 Apr 2024
British energy giant Shell should not be allowed to sell its onshore assets in Nigeria until it properly addresses the environmental damages its decades of oil spills have caused in the Niger Delta ...
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i3 Energy PLC Announces Partial Sale of the Company's Royalty Assets

ACCESSWIRE 17 Apr 2024
As part of i3's high-impact Montney oil asset at Simonette, the Company has retained its 16,160 acre royalty position, along with approximately 35 boe/d of associated production (3) (collectively the "Simonette Royalty"), throughout this core area.
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PetroEnergy 2023 profit higher at P944M

The Manila Times 17 Apr 2024
PETROENERGY Resources Corp ... In 2022, the plant had to be shut down for almost one month due to major preventive maintenance activities ... For this year, crude oil production will also continue at existing oil assets in Gabon, West Africa ... ....
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Jericho Energy Ventures Explores Spin-Off And Separate Listing Of Hydrogen Platform To Maximize Shareholder Value

ACCESSWIRE 17 Apr 2024
Jericho also owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production.
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BOEM Imposes Stricter Cleanup Bond Requirements for Offshore O&G

The Maritime Executive 16 Apr 2024
For the first time in 20 years, the Bureau of Ocean Energy Management has changed the rules on how offshore oil and gas operators guarantee that they will clean up after a platform is decommissioned.
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Nigeria Records Highest Quarterly Oil Output in Three-years Despite Production Decline in Q1, 2024

This Day 16 Apr 2024
A review of the oil production assets which were the most problematic during the period showed that Bonny terminal recorded a steady decline in 2024, falling from 6.36 million barrels in January to ...
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Oil prices won't be permanently higher unless there's more global economic growth, says JPM's Kelly

CNBC 16 Apr 2024
David Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss if oil prices could rise further from today's levels, the stock market's next growth catalyst, and more ... .
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Empire Completes Sale of US Oil and Gas Business

Rigzone 16 Apr 2024
Empire sold the operating entity for all its oil and gas assets in the U.S. to PPP Future Development for $9.1 million ... .
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Gold could soar 25% in the next 18 months as Middle East tensions and Fed ...

Business Insider 16 Apr 2024
Iran's strike against Israel over the weekend has raised fears of worsening conflict in the region, and commodities like oil are on edge while gold demand surges as investors flock to safe-haven assets.
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Why the stock market is down 1.4% today

The Motley Fool 16 Apr 2024
During times of war or other issues, some investors sell stocks and flock to perceived safer assets such as bonds or gold ... For example, oil and gas majors such as BP and Shell have large projects and operations around the Middle East.
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War drums add to economic anxiety

Deccan Herald 16 Apr 2024
</p><p>The high demand for gold is due to the instinctive rush by risk-averse investors fearing all other assets will crash. Since this conflict will disrupt supplies from the Middle East, oil prices will surely rise.
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Why Europe should ensure it does not drive away oil and gas companies

The National 15 Apr 2024
The assets will either move to the US or another more oil-friendly jurisdiction, be bought up by international rivals such as Chinese or Gulf companies, or pass into private hands, less scrutinised over climate.
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Valeura Energy makes three oil discoveries in Gulf of Thailand

Offshore Technology 15 Apr 2024
Canadian oil and gas company Valeura Energy has made three oil discoveries on its assets in the offshore Gulf of Thailand.
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