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Oil and Gas

Nigeria: OPEC Secretary-General, Mohammad Barkindo, Dies at 63.

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, is said to have died at the age of 63. The incident occurred on 5th July 2022. Barkindo died on Tuesday evening, according to the Managing

Oil and Gas

Germany May Need More Than $15 Billion To Solve Its

The $15.7 billion (15 billion euro) that Germany has extended as a credit line for gas purchases this summer may not be enough to help Europe’s biggest economy reach adequate levels of gas storage by the winter, according to the head

Oil and Gas

Russia Announces 82-Million-Ton Arctic Oil Discovery

Russian state-run Rosneft has confirmed an 82-million-ton oil discovery in the Pechora Sea in the Arctic. Rosneft discovered the field thanks to a drilling campaign in the Medynsko-Varandeysky area. “During the tests, a free flow of oil was obtained with

Oil and Gas

Oil Deal: Nigeria loses $2.7b fraud case against JP Morgan

On Tuesday, a UK Court ruled against Nigeria in its $1.7 billion fraud claim against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 Malabu Oil Deal. The Judge, Sara Cockerill, held that the