Global Oil and gas news Archives

Oil Firms, Nations Agree to End Gas Flaring by 2030, Nigeria Absent

Twenty-five major oil companies, oil-producing nations and development institutions agreed Friday to end the practice of routine gas flaring by 2030 at thousands of oil production sites around the world. Royal Dutch Shell, Statoil, Kuwait Oil Co., Russia, Norway and the Asian Development, chief executives from major oil companies joined together with senior government officials […]

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Crude Oil Price Jumps

Global Oil and gas news, News, Nigeria Oil and Gas / By Tech News team

Crude Oil price jumps following light inventory growth, the U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 483.7 million barrels, the 13th consecutive week of a higher total than at any

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Implications As Shell Acquires BG in India and Sells 185 Service Stations in The UK

Global Oil and gas news, Lubricants news, News / By Tech News team

The implications as Shell acquires BG in India is that Shell gets an edge in India’s LNG market, in another development Shell confirms sale of 185 service station to independent dealers in the UK. According to a report by livemint.com online news media, Royal Dutch Shell Plc is set to become the top foreign firm

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3 Crew Members of Nigeria Marine company Bourbon Kidnapped

Global Oil and gas news, Marine news, News / By Tech News team

Three crew members of Nigerian marine company kidnapped off the Nigeria coast, this was a press release by the company on the 13th of April 2015 in Paris via GLOBE NEWSWIRE, BOURBON confirms that a crew boat, the Surfer 1440, was boarded off the Nigerian coast in the night of the 8th of April 2015.

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