COGNICURRENT

The Nigerian House of Representatives has raised alarms about the potential return of fuel scarcity, warning that without corrective measures, petrol queues and rising prices are likely to occur soon.

Researchers at Riga Technical University (RTU) are developing a technology that could replace traditional petroleum-based products with natural and renewable resources in road construction.

A farmer in Ceará, Brazil, discovered a liquid that may be oil while drilling for water, but he will not have the rights to sell any confirmed oil found on his property.

The National Agency of Petroleum (ANP) is opening an administrative process to investigate a potential oil discovery in Tabuleiro do Norte, Ceará, made by a farmer drilling for water.

A recent report indicates that the probability of discovering significant oil and gas resources in the Barents Sea is the highest in Norwegian waters, where 54% of the resources remain underexplored.

South Africa's Deputy Minister of Mineral and Petroleum Resources asserts that the country's mining industry shows significant untapped mineral potential during the Investing in Africa Mining Indaba in Cape Town.

Nigeria has approved 28 new Field Development Plans valued at $18.2 billion, expected to unlock around 1.4 billion barrels of crude oil reserves by 2025, according to the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri.

President Trump stated that the US could dominate over 55% of global oil production if American companies are allowed to access Venezuela's oil resources.