Nigerian National Petroleum Company Limited, NNPCL, said there is no discrepancy between its crude oil production figures and those supplied by the…
Category:
Oil and Gas
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The presidency has revealed that an impressive $7.5 billion is being saved annually from funds previously allocated to fuel subsidy following its…
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The Nigerian government’s plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery,…
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Oil and Gas
Nigeria National Petroleum Ltd wants term buyers for new Utapate crude, seeks to double output
Nigeria National Petroleum Company Ltd. is seeking term customers for its new crude oil grade Utapate and is aiming to double output…
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Oil prices rose on news on Monday that output at Norway’s giant Johan Sverdrup oilfield has been halted, adding to earlier gains…
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Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in…
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Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement…
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Global oil demand is projected to reach 120.1 million barrels per day by 2050, while energy demand will rise 24 per cent…
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Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of…
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Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according…
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Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close…
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Pinnacle Oil and Gas Limited, a major operator in Nigeria’s downstream sector, has denied blending substandard petroleum products. In a press release,…
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Rivers State Government has dismissed reports that the governor of the state, Sir Siminialayi Fubara, has shut down the office of the…
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Oil and Gas
We are confident NUPRC will resolve outstanding issues in Shells divestment—Special Adviser
The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream…
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Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and…