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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. While in the past it used to transport the most oil to the United States, now Nigerian oil goes mostly to Asia, Europe, and South America. How did this happen?

Oil 52
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BRAZIL POTASH GRO-NYSE THE MOST COMPELLING BUSINESS CASE IN GLOBAL RESOURCES

Oil and Gas Investments

And its going to get worse, as logistics – transportation costs have become a big burden for foreign potash producers. Which means that if you can produce potash locallywhich by definition means MUCH LOWER transport costswell, you should make A LOT of money. That is a MASSIVE reduction in the cost of transportation.

Casing 52
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8

Energy 130
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Pipeline Expansion = Affordable Energy

Marcellus Shale Coalition

And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational. We are going to get this done, and once we start construction, were looking at anywhere from nine to 12 months, if you can believe it, the President said.

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Valor | Energy Connection – Feb. 3, 2025

Valor

While the transition to renewable energy sources is underway, oil will continue to play a vital role, especially in sectors like transportation, petrochemicals, and heavy industries. This shift could lead to longer transportation times and increased costs, potentially affecting fuel prices for consumers. oil regions. oil regions.

Energy 52