Monday , November 19 2018
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Tag Archives: Crude oil

USA now world’s biggest crude oil producer

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.   In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a decade ago, and a …

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Kachikwu negotiates $15b advance payment for crude oil deal with India

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Monday in India, negotiated a USD 15 billion investment with terms to be agreed, where the Indian Government would make an upfront payment for Crude purchase to Nigeria, to be repaid on the basis of firm Term Crude Contracts over some years and in consideration for Indian public …

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Intensify oil exploration in the North, forget about Niger Delta Oil, Avengers tell Buhari

 ——–“Your drones won’t stop us”, The Niger Delta Avengers has stated that the Federal government is employing delay tactics over dialogue to enable it purchase drones from the United States of America which it plans to deploy against militants in the oil rich Niger Delta. The militant group also enjoined the Federal government to concentrate on oil exploration in the …

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