Tag
CHEVRON
Shares of MRS Oil Nigeria Plc (CHEVRON) have increased by over 36% month-to-date on the Nigerian stock exchange, bringing its year-to-date performance to 71.42%.
The Nigerian All-Share Index (ASI) surged on December 17, 2024, climbing 128.31 points to close at 100,050.94 a solid 0.13% gain finally closing above the 100,000-barrier.
Chevron Corp. Plans to increase its exploration holdings in African oil producers such as Nigeria and Angola, where it anticipates the potential for a production rebound despite years of decline.
Chevron Nigeria has reported a new oil discovery in the Niger Delta, with a production potential of up to 17,000 barrels per day.
The American stock market is the most significant globally, accounting for two-thirds of the global market by value.
Somalia says Turkey will begin drilling oil from the country’s massive coastline from next year according to the Director General of the Somali Ministry of Petroleum and Mineral Resources, Mohamed Hashi Abdi ‘Arabey’.
After losing Angola and other key players, the Organization of Petroleum Exporting Countries (OPEC) has set its eyes on Namibia for possible membership after a significant amount of oil was discovered within its shores.
The Federal Government has pledged 5 billion cubic feet of gas per day to domestic and export markets.
Oil majors – ExxonMobil and Chevron have reportedly taken steps to intensify their oil and gas investments despite calls for a global clean energy transition.
Ms. Olu Verheijen, the special adviser on energy to President Bola Ahed Tinubu has said that security and Niger Delta development investments are key focus areas for the administration as it seeks to increase oil production in the country.
Ms. Olu Verheijen, the Special Adviser to President Tinubu on Energy has unveiled groundbreaking initiatives to boost oil and gas investments. She has also secured $13 billion worth of energy investments.
Chevron has increased the Usan and Agbami oilfield leases till 2042