Thanks to the shale oil boom, the US is now sitting on more oil reserves than Russia, which estimates as having 256 billion barrels of untapped oil.
The NNPC has provided details of how pipeline vandals have the damaged the trade petroleum products and crude supply in its pipeline system leading to a colossal cost of over N174.57 billion in product losses and repairs of products pipelines within the last 10 years.
Oil rallied strongly to push crude prices above $50 a barrel on Thursday, a level good enough to relieve pressure on producers and offer hope for the near future.
Welcome to our new head office in Manchester, UK. Just a short walk from our previous location in West Didsbury, we are now located at the edge of East Didsbury village.
A report by the nonprofit National Academies of Sciences, Engineering and Medicine (NASEM) found pipelines and barges appear to have more comprehensive safety systems in place than train transportation systems.
