A 3.7 billion dollar Marcellus Pipeline in America has been exposed to the risk of incurring extra operational costs when federal agency ordered all work on the project to stop. This followed a directive from a U.S. appeals court’s order a few weeks ago to eject two key permits for the project. The construction of the
Saudi Arabia Registers Great Crude Deliveries to The U.S. as Venezuelan Output Falls
Within a period of 15 months, Saudi Arabia has registered a tremendous increase in its crude oil exports to the United States of America. According to the preliminary vessel-tracking data done by Bloomberg, in the month of July, Saudi Arabia loaded 1 MMbpd onto tankers destined for the U.S. upgrading from June exports by 36%
More hope for the Uganda oil sector as Banks avail more cash for oil and gas loans
Uganda banks have shown commitment towards giving out loans and supporting activities of the Uganda’s oil and gas sector. Although the Central Bank regulations dictate that the bank can only avail a maximum of 25 per cent of the bank’s capital, many banks have started staging billions of money to lend to companies involved in