Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

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Rextag

FEBRUARY 17, 2025

trillion in clean energy investments per year by 2030, but this assumption ignores financial realities. What This Means: If past trends continue, the IEAs projected clean energy investment levels will not materialize, meaning fossil fuels will remain dominant far beyond 2030. Jet fuel demand will continue rising well beyond 2030.

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The Energy Law

OCTOBER 5, 2020

By ratifying the 2015 Paris Agreement, [1] nations across the world made a commitment to reducing greenhouse gas emissions by at least 40% by the year 2030. Producers and governments have shown interest in CCS as it allows for the continued use of fossil fuels while reducing net carbon dioxide emissions.

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Rextag

FEBRUARY 13, 2025

By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. Signed an MOU with the Iraqi government, exploring redevelopment in the Kirkuk oilfields, estimated at around 9 billion barrels of recoverable oil.

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Oil Gas Exploration and Production IT 40