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EU versus US: Investing in Oil, Gas and Renewables

2021-07-16 21:30:00| OGI

How the EU and U.S. invest in oil, gas and renewables is leading the powerhouse nations toward starkly different futures.

Tags: gas oil versus investing

US Drillers Add Oil, Gas Rigs for Third Consecutive Week

2021-07-16 19:25:27| OGI

The oil and gas rig count rose five to 484 in the week to July 16, its highest since April 2020, Baker Hughes Co. said in its weekly report.

Tags: add week gas oil

Nigeria Revamps Oil Sector Law in Pursuit of Dwindling Investment

2021-07-16 19:15:00| OGI

The overhaul, in the works for 20 years, is the first sweeping update to the laws that govern everything from oil drilling to fuel sales in NigeriaAfrica's largest oil exporter in decades.

Tags: law investment oil sector

Greenland Ends Unsuccessful 50-Year Bid to Produce Oil

2021-07-16 15:23:54| OGI

Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.

Tags: produce oil bid ends