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Halliburton launches iStar Intelligent Drilling and Logging Platform.

Halliburton Company released the iStar Intelligent Drilling and Logging Platform, a comprehensive measurement platform comprising multiple services for greater control of drilling and logging operations. The platform’s digital architecture supports automation, machine learning, and artificial intelligence for reservoir evaluation, faster drilling, and consistent well delivery. The iStar platform acquires high-definition measurements closer to the bit

U.K. Takes Emergency Steps as Forecourts Run Dry

The U.K. government took emergency measures late Sunday to try to ease acute fuel shortages across the country, as gasoline retailers shut pumps after days of panic buying. The government is to suspend competition law to allow oil firms to target fuel deliveries at petrol stations following recent panic buying. Prime Minister Boris Johnson had

NNPC pulls out N215bn petrol subsidy from July FAAC

The Nigerian National Petroleum Corporation (NNPC) has disclosed that it spent N175.32 billion on petrol subsidy in the month of July 2021 which will be deducted from its remittance to Federation Account Allocation Committee (FAAC) in September. NNPC in its FAAC report said an earlier outstanding of N40 billion will be deducted also, bringing the

Oil Prices Rise on Tight Supply, Hit Three-month High

Oil prices extended gains yesterday riding higher on growing fuel demand and crossing $76 for the first time since July this year. The rally was fuelled by huge United States crude inventories drawdown as well as production challenges in the Gulf of Mexico. Precisely, Brent crude, Nigeria’s oil benchmark, rose nine cents, or 0.1 per

African Leadership Magazine – ALM, Signs MOU with the Associated Chambers of Commerce & Industry of India (ASSOCHAM), to Promote Multi-lateral Investment Opportunities in the Energy & Infrastructure Sectors.

The Management of African Leadership Magazine – ALM, signed a memorandum of understanding with The Associated Chamber of Commerce & Industry of India – ASSOCHAM.  The virtual ceremony which was held on Tuesday, August 27th, was attended by representatives of both Organizations, taking into consideration, mutual desires of the Indian and African Parties, to deepen